USTMA: Tax credits for retreaded tyres would “level the global playing field”
The U.S. Tire Manufacturers Association (USTMA) and its member companies have voiced their support for a legislative proposal to incentivise retreading. The Commercial Vehicle Fleet Retreaded Tire Utilization Reinvestment and Recovery Act of 2022 (H.R. 8165), introduced to the United States Congress this week, would provide tax credits for fleet purchases of US retreaded commercial vehicle tyres.
Davanti Tyres has a new exclusive distributor across all territories within the United Arab Emirates. This remit has been taken on by Central Trading Company LLC, a member company of the Al-Rostamani Group, one of the largest and oldest conglomerates in the UAE.
Michelin now sole owner of RLU sustainable rubber project
With the purchase of the 49 per cent shareholding that Barito Pacific Group had in Royal Lestari Utama (RLU), the joint venture pilot project to develop sustainable rubber tree plantations in Indonesia becomes a 100 per cent Michelin-owned affair. Moving forwards, Michelin views RLU as a “significant long-term opportunity to actively contribute to making the natural rubber sector more sustainable.”
Bridgestone & Dow debut sustainable tyre sealant technology
Following more than four years of joint research and development, Bridgestone Americas and Dow are presenting their recyclable, silicone-based tyre sealant technology this week. The partners are introducing the solution at the 2022 Silicone Expo in Detroit, USA.
OTR tyremaker Huitong transitions to new ownership
On 14 June 2022 Hou Yugang, chairman of Zaozhuang Mining Group, went to Zhongxing Huitong Tire for research purposes. During his public speech, Hou Yugang affirmed that Zaozhuang Mining Group’s takeover of OTR tyre specialist Huitong had transitioned smoothly following the transfer of equity.
Tyrewise: 2023 start for New Zealand tyre recycling scheme
New Zealand’s first nationwide regulated product stewardship scheme for recycling used tyres is expected to start operating in 2023. The Tyrewise scheme will address the estimated 6.5 million end-of-life tyres (ELTs) generated within the country each year.
Best4Tires, the tyre, rim and complete wheel firm previously known as Reifen Gundlach, has entered into a binding agreement to purchase German tyre wholesaler 1a Berlin-Tyre GmbH & Co. KG. Parent company Rivean Capital (formerly Gilde Buy Out Partners) states that this acquisition “represents another important milestone towards Best4Tires’ strategic goal of establishing a market presence throughout Germany.”
Nankang Tyre took over “management rights” of Federal in Q4 2021
According to Federal Corporation’s 2021 annual report, which was published in mid-May 2022, on 15 October 2021, “major shareholder Nankang Rubber Tire Corp. Ltd. Nankang Rubber Tire Corp., Ltd…called an extraordinary shareholders meeting to obtain the management right[s].” Federal and Nankang representatives have been contacted by Tyres & Accessories for comment.
Bridgestone partners with Dow to develop ‘breakthrough’ tyre sealant
Bridgestone Americas (Bridgestone) and Dow recently announced that they have partnered to develop B-Seals, a silicone-based tyre sealant. According to the two companies, B-Seals can be efficiently separated from tyres to promote tyre repairability after a puncture. In addition, the technology is designed to enable end-of-life tyre recycling and extended tyre life.
Giti Tire extends Vianor Nordic distribution agreement to 2024
Giti Tire has extended its non-exclusive distribution agreement with long-term Nordics partner Vianor. The new extension will run until 2024, which will mean the relationship between the companies will pass its 20th anniversary. The deal covers GT Radial passenger car, SUV and light truck tyres (both summer and winter) and Giti heavy truck and bus products in Finland, Norway and Sweden. Vianor distributes tyres through its own self-branded stores and independent retailers, at more than 500 points of sales.
On the evening of 13 June 2022, a fire broke out at the tyre factory of Federal Corporation (formerly known as Taifeng Tire) in Zhongli City, Taoyuan, Taiwan. Black smoke from the fire was visible several kilometres away, according to local news reports.
World’s leading tyre companies 2022: Michelin and Bridgestone neck and neck for pole position
Michelin remains the world’s leading tyre company by sales turnover, but Bridgestone is close behind in one of three close battles distributed across the table. For the first time, our research ranking market-leading global tyre manufacturers in terms of sales turnover converted into euros, illustrates the impact of recent high-profile acquisitions as well as the ongoing disruption of pandemic on the wider market landscape.
Pirelli runners take podium places on Rally Poland
Three different cars using Pirelli’s Scorpion gravel tyres took the podium places on Rally Poland, the latest round of the European Rally Championship. The Skoda Fabia of Mikolaj Marczyk led the Hyundai i20 R5 of Tom Kristensson and the Ford Fiesta Rally2 of Ken Torn. Each driver made the most of the reliability of the Pirelli Scorpion. Marczyk took the lead after Hyundai driver Nils Solans – also running Pirelli tyres – encountered problems on SS6, while Kristensson and Torn finished 13 seconds ahead of the fourth-placed crew. Pirelli said the highly variable conditions of the roads in Poland put the Scorpion tyres to a challenging test.
Chinese tyremakers encouraging European customers to claim back truck tyre tariff payments
On 4 May 2022 the European Court of Justice ruled that anti-dumping and anti-subsidy tariffs imposed against Chinese produced truck tyres in 2018 must be annulled. We take a close look at the ruling and the immediate impact on retreaders and Chinese tyremakers alike from page four of June’s bilingual Retreading Special supplement onwards. But what about the tariffs charges that have already been paid? And what about the ongoing impact of the tariff annulment?