Executives at Pelmar Engineering Group (Pelmar) have confirmed that a disagreement between the company and Tianjin Saixiang Technology Co. Ltd. (TST) has been resolved. Pelmar’s executive chairman Jacob Peled told Tyres & Accessories that “the conflict between TST and Pelmar has ended in an amicable settlement”. The resolution appears to have occurred after TST met its obligations towards Pelmar. As a result Pelmar cancelled the lawsuit it brought against TST in the Tianjin Court. In addition, it was also agreed that the two companies will resume their business relations and will continue to cooperate as before.
Roy Claydon the founder and chairman of well-known tyre wholesaler RH Claydon Ltd passed away on 16 April aged 88 after succumbing to pneumonia. Roy Claydon formed RH Claydon in 1953 and celebrated the company’s 60th anniversary at Newmarket races two years ago.
Vipal Rubber recently conducted a training session with the team from Nas Tyres Services Ltd (NTS), the company’s partner in Tanzania, East Africa. The event took place at the retreader’s headquarters in the city of Dar es Salaam, the country’s economic and political capital.
The very first Hyundai i20 WRC to be run by a private team has won for the first time with Pirelli. Former World Rally Championship competitor Corrado Fontana, co-driven by Gio Agnese, won the Rallye Elba in Italy, the first round of the International Rally Challenge (which is Italy’s main championship for World Rally Cars).
Apollo Tyres inaugurated its third Apollo Retread Zone (ARZ) in Mumbai, in the western part of India. Rajesh Dahiya, Group Head, Sales-APMEA (Asia Pacific, Middle East & Africa), Apollo Tyres Ltd inaugurated the outlet in Turbhe, Navi Mumbai. With the objective of providing quality retreading service to truck-bus customers and fleet owners, these branded outlets are equipped with most advanced retreading machines, high quality tread material and trained workers. The move demonstrates
Two new Michelin tyres presented at Intermat 2015 in Paris are said to help worksite operators deliver higher productivity by delivering the “most advanced solutions available”. These tyres are the Michelin XTXL E4 L4, designed for loaders, and the Michelin Bibload Hard Surface, which is designed for backhoe loaders, telehandlers and compact loaders.
Bridgestone Europe has appointed Timothy Manuel, currently general manager of channel strategy as director replacement sales in the company’s European Consumer Business Unit. Despite having taking on this new role, Manuel remains responsible for Consumer Business Unit channel strategy and the Motorcycle Business Unit at European level. Moving forward, his key focus is said to be the development of the company’s passenger car sales in Europe, working closely with the six different European regions.
In case you haven’t heard, as much as 65 per cent of Pirelli is in the process of being sold to ChemChina. It’s a complex plan and there’s a long road ahead, but the deal has been done and so takeover wheels are in motion (see page 28 for complete coverage of this part of the story). So what’s next? The deal can’t fail to have an impact at Pirelli, but what about the other top five tyre manufacturers and beyond? We hinted at market consolidation in this column last month, with reference to restructuring proceedings at Shandong Deruibao Tire Co., Ltd and possible contagion in China; and Pirelli CEO Marco Tronchetti Provera made the market aware of that he was planning to sell his stake within two years in January 2014. But few would have named this particular bidder and this particular timing. Now we are faced with the possibility, even the likelihood that the Pirelli/ChemChina deal is going to precipitate further micro and macro consolidation within the tyre market - even a re-shuffle of the tyre industry's top 10.