Mexico imposes anti-dumping duties on Chinese-made PCR products
Effective 1 October 2024, Mexico has imposed anti-dumping duties on passenger car and light truck tyres (PCR) from China. In the list published by the Mexican investigation agency, Zodo has the lowest tax rate of 5.18 per cent. Changfeng, Haohua, and Linglong-made products are being required to pay anti-dumping duties of 7.16 per cent, 11.55 per cent, and 19.37 per cent respectively.
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Atire launches carbon-neutral industrial tyre range
Industrial tyre manufacturer Atire reports that its range of solid tyres has been certified carbon-neutral. Indeed, according to Atire, the tyremaker is “the first company in the world to launch a carbon-neutral solid tyre range.”
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Brazil imposes 25% tariff on imported car tyres
The Brazilian Foreign Trade Chamber (CAMEX) approved a request from the Brazilian tyre industry association ANIP to impose a 25 per cent tariff on imported passenger car tyres (PCR) for the next 12 months. Previously, the tariff was 16 per cent.
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Nexen develops AI-based tyre inspection system
Nexen Tire has developed and implemented an AI-based automated tyre product inspection system. Apparently the first of its kind in the tyre industry, the system has been developed in a platform format, allowing swift application to new factories or equipment.
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Sentury Morocco factory starts tyre production
On 30 September 2024, the first 17-inch and 18-inch tyres rolled off the production line at Sentury’s Morocco factory. The tyre manufacturer called this “the official start of production at the Morocco factory”. Qin Long, chairman of Sentury, attended the commissioning ceremony and announced that the first batch of tyre products officially rolled off the production line.
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Jiangsu General considers third overseas factory
In the first half of 2024, Jiangsu General’s revenue reached 3.07 billion yuan (about £333 million; €400 million), a year-on-year increase of 36.91 per cent. During the same period, the tyre company’s net profit was 290 million yuan (about £31 million; about €38 million), an increase of 393.32 per cent over the same period in 2023.
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Parallel imports satisfying Russian demand for premium tyres
Last month we reported on what Ukrainian government agency the National Agency on Corruption Prevention (NACP) had to say about aircraft tyres entering Russia, but imports are by no means restricted to this product segment. According to research conducted by Russia’s largest non-governmental leasing company, two of the three tyre brands that corporate and fleet users most favour are products no longer officially sold within the country.
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Yokohama to attend FORS conference for first time
Following the re-launch of its commercial vehicle tyre range earlier this year, Yokohama has announced it is attending a leading industry event for fleet operators for the first time. The Fleet Operator Recognition Scheme (FORS) Annual Conference takes place at the ICC in Birmingham on Tuesday 15 October and Yokohama will be on stand #46. Yokohama will be the only tyre manufacturer in attendance.
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VMI opens new facility in India
VMI Group has inaugurated a new facility in India. According to the company, the centre will house an overseas extension to VMI’s global engineering operation and will also be the service maintenance and upgrade centre for India.
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JK Tyre partners with Vertelo to provide EV fleet solution
JK Tyre & Industries is supplying Vertelo with its Connected Mobility Solutions, a cloud-based monitoring system. Vertelo is a “bespoke electric mobility solutions provider”. Through this partnership, JK Tyre will be providing the brand’s 255/70R22.5 JUXe EV tyres equipped with connected Treel sensors with real-time monitoring for Vertelo’s fleet. The mobility services will be provided at Vertelo depots nationwide, starting with Mumbai. JK Tyre will deploy a dedicated team of experienced professionals to provide round-the-clock support at the depot as well as enroute assistance.
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Production of Prometeon-branded tyres for UK, European and Turkish markets starts
Following their launch in Egypt at the beginning of May 2024 and their UK debut at the end of May, Prometeon Tyre Group has started producing Prometeon-branded tyres for the UK, European and Turkish markets. On 4 October 2024, Prometeon Tyre Group launched its first Serie 02 Prometeon-branded tyres for the main European main markets, the UK and Turkey. The launch, which took place in Turkey, continues the expansion that began with the production and distribution of Serie 02 tyres in Egypt earlier this year, which was aimed at the African and Middle Eastern markets. The transition to the new product brand will be gradual in Europe, Turkey and the UK, with the new R02 line, developed for regional applications, set to be available starting from October.
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Morocco branch to facilitate Hankook Tire’s growth in Africa
With the opening of a subsidiary in Morocco, Hankook Tire & Technology aims to expand its presence in the Maghreb and West Africa regions. The tyre maker’s European headquarters has played a key role in setting up the new subsidiary, which Don-yi Jeon will lead as Managing Director.
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Elite Garages joins Bangers4Ben 2024 charity rally
Elite Garages is participating in the Bangers4Ben 2024 rally, a unique and engaging charity event aimed at raising funds for the automotive industry charity, Ben. This annual event takes place between 5 and 8 October and encourages participants to purchase a ‘banger’ – a car costing no more than £750 – and embark on a 1,500-mile journey across the Alps. Adding to the fun, each team themes their vehicle and dresses in matching fancy dress, bringing creativity and excitement to the rally. Upon completion, all the cars will be auctioned, with proceeds going directly to Ben.
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Valeo celebrates Specialist Club upgrade with prize giveaway
Valeo has upgraded its Specialist Club garage loyalty programme, and to celebrate it is running a prize giveaway until the end of October with £50 Amazon gift cards and a host of Valeo-branded merchandise up for grabs. To access the giveaway, garages just need to download and sign into the Valeo Specialist Club app. They then have the chance to win Amazon vouchers, as well as branded hoodies, t-shirts and lunch boxes via the spin & win feature.
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Unprecedented EV discounting shores up September new car market
The UK new car market rose 1.0 per cent in the key ‘74’ plate change month of September, to 275,239 units, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). In what is traditionally a bumper month for new car registrations, second only to March, the performance was the best since 2020, but still -19.8 per cent off pre-Covid September 2019.
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