Conti acquisition of Goodyear OTR ‘a complementary fit’ and analysts’ preferred ‘area for capital allocation’
Valuing Goodyear’s for-sale OTR tyre business at between $800 million and $1 billion, financial analysts have evaluated a hypothetical acquisition of the unit by Continental AG as “a complementary fit”. Writing in an investor’s note dated 23 April 2024, the Jefferies report endorsed the business case behind the scenario:
Continue ReadingPetlas set to debut Peaklander M/T tyre at Tire Cologne
Petlas Tire Corporation is welcoming visitors “to explore the latest advancements in tyre technology” at the Turkish tyremaker’s The Tire Cologne stand at Stand C18-D19, Hall 07.1 where the company is its two brands and “a wide range of products”. A highlight at this year’s event is the Tire Cologne debut of the new Peaklander M/T SUV pattern. Engineered for superior traction, durability, and resilience, the Peaklander M/T aims to “transform the off-road driving experience for enthusiasts across the globe”.
Continue ReadingThe Tire Cologne aiming for a personalised trade fair experience
With the upcoming The Tire Cologne event just around the corner, organisers are gearing up for what promises to be an exceptional gathering in the tyre and wheel industry. Expectations are high even before the show gets under way in early June, with a significant increase in exhibitors compared to the 2022 event.
Continue ReadingVDB presenting new products
Netherlands-based wholesaler Van den Ban (VDB) will present its wide range of summer, all-season and winter tyres during The Tire Cologne. At stand C010 in Hall 7, the company will also present its private brands and exclusive brands Novex, Hifly, Maxxis, Aplus and Gripmax in detail.
Continue ReadingGoodyear begins phase 2 of LIST partnership
The Luxembourg Institute of Science and Technology (LIST) and The Goodyear Tire & Rubber Company have commenced a second phase of their strategic collaboration. Goodyear says this next step in the two parties’ joint work will not only leverage previous achievements but will also “delve into new technological avenues.”
Continue ReadingHamaton heads for The Tire Cologne
Hamaton is returning to The Tire Cologne trade show at the Koelnmesse exhibition centre between 4 and 6 June 2024. Hamaton will be showcasing its EU-Pro Truck 1.0 sensors, designed to fit into existing truck, bus or trailers’ tyre changing and maintenance procedures, alongside the company’s complete product range of TPMS diagnostic tools as well as “an extensive range of valves, workshop tools and TPMS consumables”.
Continue ReadingKumho Tire presents expanded stand and new products at Tire Cologne
Kumho Tire its participating in this year’s The Tire Cologne exhibition with a revamped stand spanning 408 square metres. Positioned at Hall 6, Stand A030/B039, the company is set to showcase its comprehensive portfolio featuring the Kumho and Marshal brands, providing visitors with an immersive experience to explore the latest advancements across the car, SUV/4x4, van, and truck segments.
Continue ReadingNexen Tire unveiling winter tyres at The Tire Cologne
Nexen Tire is set to showcase its extensive product lineup at The Tire Cologne, marking its presence from 4 to 6 June in Hall 6 at Stand A010-B019 by featuring a range of summer, winter, all-season, and racing tyres. The South Korean tyre manufacturer will also host two press conferences on the trade fair’s opening day, unveiling its latest winter products. Additionally, Nexen Tire will shed light on its advancements in original equipment partnerships with renowned car manufacturers.
Continue ReadingOne less headache – let MFS keep your fleet on the road
After the doldrums of the “COVID years”, new vehicle sales are slowly recovering. The SMMT reports that the UK new car market clocked up its 20th consecutive month of growth in March, with a 10.4% year-on-year rise in registrations, adding 320,000 new cars – the best March since 2019; whilst 53,000 new light commercial vehicles also joined UK roads in March as more fleet owners upgraded to the latest models than in any other month in the last three years – an increase of 11.1%.
Continue ReadingTriangle Tyre prepares 150sqm booth for The Tire Cologne 2024
Triangle Tyre will exhibit at The Tire Cologne with a 150sqm booth designed to highlight its role in the European tyre market. The prominent stand (see picture) will also feature a 12sqm LED wall to enhance the manufacturer’s impact on the global tyre fair, helping it to stand out amongst the 273 confirmed exhibitor stands confirmed for the event at time of writing. Triangle Tyre is a mainstay of the largest European fair, exhibiting at every event since The Tire Cologne replaced Messe Essen’s biannual Reifen event.
Continue ReadingContinental marks Thailand milestones
This month, Continental commemorates 15 years since the inception of its tyre business in Thailand and five years of tyre production at its Rayong plant. With an investment of 250 million euros in the eastern region of the country, the manufacturer has established a facility that employs 900 local workers and has annual production capacity of 4.8 million passenger and light truck tyres, alongside motorcycle tyres, and caters to both original equipment and replacement sectors.
Continue ReadingAnyline to host T.I.R.E. summit in Vienna
Anyline is inviting leaders from the tyre, fleet management and automotive service industries to participate in a first-of-its-kind T.I.R.E. Summit. The one-day event, which will take place 13 June 2024, will address how technology can advance tyre safety, efficiency and performance. The T.I.R.E. Summit will include multiple keynote presentations and panel discussions on the topics of technology and innovation, business intelligence and data use, tyre regulations and service optimization, among others.
Continue ReadingMichelin reports 4.6% lower Q1 2024 sales
Michelin Group has disclosed its financial results for the first quarter of 2024, reporting total sales amounting to €6,642 million. This figure marks a decline of 4.6 per cent compared to the corresponding period in the previous year. The decrease in sales can be attributed to various factors, including a decline in tyre volumes, driven by weaknesses in certain markets, including construction and agricultural tyres, as well as mining tyre inventory drawdowns.
Continue ReadingMassimo Tyres names MX5 driver as brand ambassador
Following the news that Massimo Tyres is sponsoring the MX5 Cup, the brand is continuing its support of grass-roots motorsport by announcing the addition of Mary Barnard to its roster of brand ambassadors.
Continue ReadingMichelin debuts Xtra Defend E4 L4 for loaders & articulated dump trucks
Evolution in the design of loaders has led to a generation of machines that deliver significantly more load capacity, speed and transmission torque than their forebears. In order to adapt to the more powerful and sturdy vehicles operating in quarries, Michelin is offering a tyre suited to these changes – the Michelin Xtra Defend E4 L4.
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