At the beginning of 2014, Kings Road Tyres entered a new era. A controlling interest in the wholesaler was purchased by a group involving Chinese European and North American interests, and involving the Sailun Group “indirectly”. Following its sale, the existing management team, led by Adrian Bader, has overseen the development of its brand portfolio, with an increased involvement in the passenger car segment for the commercial vehicle tyre specialist heralded by an agreement to distribute Aeolus-branded PCR and 4x4 products. KRT says this deal, launched at October’s Brityrex show, alongside other investments in its brand portfolio and business infrastructure is setting up leading UK tyre wholesaler Kings Road Tyres (KRT) for a sustained period of long-term growth.
According to information obtained by TyreSafe under a Freedom of Information request, more than 2.2 million cars in the UK failed their annual MoT test last year due to the condition of their tyres. Commenting on this data supplied by the Driver & Vehicle Standards Agency, the safety organisation's chairman, Stuart Jackson, said it “beggars belief” that so many cars fail because of unsafe or illegal tyres.
Norgesdekk AS agreed to buy 100 per cent of Hjulius Dekk og Felg AS on 17 October 2014. The strategy behind the move is to strengthen Norgesdekk’s position on the Norwegian South Coast in particular but there are also said to be “other synergies”. Following this acquisition Norgesdekk will have seven wholesale warehouses, serving customers selling tyres and wheels of all kinds across Norway. The latest announcement follows the purchase of P. Holth AS at the end of 2012 in a similar move.
This year’s DTM season came to an end over the weekend, and the series organiser concedes that fans “weren’t 100 per cent satisfied” with the touring car championship in 2014. The first half of the season was a particular concern and Hans Werner Aufrecht, chairman of DTM rights holder and promoter, ITR e.V, says a number of measures will be introduced to add more pep to DTM races. One step that has already been decided upon is dropping the option tyre in 2015.
Bandvulc has announced plans to launch a new range of its remanufactured tyres in 2015 based on a new compound designed in-house by Bandvulc Mixing. According to the company, Bandvulc will launch a series of new sizes this year. And this is all said to be in addition to the firm's venture into van tyre production.
Maxion Wheels reports that it will supply Renault with more than a million VersaStyle wheels for the vehicle maker’s Megane, Megane Scenic, Clio and the Dacia Logan and Dacia Sandero Stepway models during the course of 2014. The company has already sold a million VersaStyle wheels in total this year, and more than 15 million units since VersaStyle wheels were first introduced in 2005.
Toyo Tire & Rubber has announced the appointment of Akira Nobuki as its new chairman, effective 1 November. Upon taking up this new position, Nobuki will step down as company president; this role will be assumed by Takuji Yamamoto, who on 1 November will hand over his duties as executive corporate officer to Tetsuya Kuze, who becomes Toyo’s third representative director. The company says it has increased its number of representative directors from two to three in order to strengthen its group management system in light of growth and expansion. Kuze will also be promoted from senior corporate officer to executive corporate officer, and he takes on the role of general manager of Toyo’s Corporate Planning Division from Sadao Ichihara, who will become deputy group executive officer of the company’s DT Business.
Here in Europe and in other major markets such as Japan, Korea and the US tyre labelling has been the subject of intense discussion for some time. However, if the local news reports are anything to go by, the UAE appears to be taking the concept to the next level with the introduction of smart RFID “tags” which feature both an RFID chip and visual label including a QR code.