Company News

Kings Road Tyres builds brand portfolio, fleet in year following sale

Kings Road Tyres builds brand portfolio, fleet in year following sale

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.

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International News

Germany’s Reifen Ihle Group to be sold in parts

Germany’s Reifen Ihle Group to be sold in parts

Insolvent German tyre industry company the Reifen Ihle Group will evidently be broken up for sale. According to information from our sister publication Neue Reifenzeitung, despite attempts from insolvency administrator Prof. Dr. Martin Hörmann to sell the four-division group – which includes the Point S operation Reifen Ihle Service, a tyre wholesale operation, retreader R-I-G Technische Produkte and casing dealer R-I-G Karkassen – these efforts have failed to find a buyer.

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Motorsport

DTM – no option tyre in 2015

DTM – no option tyre in 2015

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.

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Retreading News

Marangoni buys Recamax Reifen GmbH

Marangoni Group has acquired Recamax Reifen, a German distributor of earthmover retreads. The purchase follows the acquisition of Wenzel Industrie in 2009. According to the company, the partnership between Recamax and Marangoni has been going for more than 25 years. It was reinforced with the objective of consolidating and strengthening Marangoni Group’s presence in Germany, one of the most important markets in Europe.

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Product News

Renault to take a million Maxion ‘VersaStyle’ wheels this year

Renault to take a million Maxion ‘VersaStyle’ wheels this year

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.

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Career Tracks

New chairman, president at Toyo Tire & Rubber

New chairman, president at Toyo Tire & Rubber

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.

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Legislation

Tyre RFID ‘tags’ to be rolled out in the UAE

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.

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