Non-tyre growth: Michelin divests majority share in healthcare subsidiary, gains new partner
At the unveiling of its ‘Michelin in Motion’ strategic plan on 8 April, the Michelin Group presented a strategy for 2030 that shows a determination to expand in non-tyre businesses. In this spirit of expansion beyond tyres, yesterday the company announced the signing of a Partnership Agreement with Altaris Capital Partners.
Inspired by racing cars, landscapes & Zeus: Pirelli’s F1 trophies for Imola
Pirelli, as title sponsor of this weekend’s F1 event in Imola – the Gran Premio del Made in Italy e dell’Emilia Romagna – is supplying the race trophies. The tyre maker turned to Alice Ronchi to supply the creativity, selecting the artist for this project thanks to her collaboration with Pirelli HangarBicocca, the non-profit foundation dedicated to the production and promotion of contemporary art established within a converted warehouse in Milan in 2004.
Automated vehicle inspection company ProovStation is adopting a Michelin technology in order to enhance its artificial intelligence-based car inspection solution. The addition of Michelin QuickScan will enable ProovStation to “check tyre wear automatically and instantaneously with millimetre precision.”
Bridgestone investing in flagship mining tyre plant
Bridgestone Corporation is investing 10.2 billion yen (£68.0 million) in “cutting-edge equipment” for certain facilities at its Shimonoseki plant in Japan, the company’s flagship production base for tyres used in mining and construction applications. Installation of this equipment is scheduled to begin next year and be completed by the end of 2025.
NeroForce supporting online sales with print catalogue
Acknowledging that a place still exists for those adhering to the old school ways, tyre making and retreading tool specialist NeroForce GmBH has supplemented its www.neroforce.com online shop with a print catalogue.
During its Board of Directors meeting on 14 April, the European Tyre and Rubber Manufacturers’ Association welcomed Nexen Tire Europe and the Czech Republic and Slovakia Tyre Producers’ Associations as new members of the Association, as of 2022. With their addition, the ETRMA will represent 15 global tyre manufacturers and 11 national sector Associations.
Firestone has launched its first ever off the road (OTR) radial tyre line-up for the European market. The Multi Block T is engineered for loaders and articulated dump trucks, covering a wide section of the OTR market. Bridgestone says its second line Firestone brand offers an option for “dealers, rental companies or fleets looking for a cost-conscious product, the multi-application tyre promises lasting, dependable quality.”
Frank Titz heading Goodyear’s OE Truck EMEA business
Goodyear has appointed Frank Titz to the role of managing director OE Truck EMEA, effective 1 April. Titz joined Goodyear in 1997 as manager sales & marketing Truck Tires for Germany. In the course of his career he has held various international sales and general management functions within the company and “brings with him a wealth of experience in the consumer and commercial business, including original equipment.”
Hankook an official partner to Devon & Cornwall truck shows
Hankook Tyre UK is an official partner to two significant trucking events this year, the Devon Truck Show and Cornwall Truck Gathering. The tyre maker considers the shows, which focus on commercial transport solutions, an excellent opportunity to exhibit products from its truck tyre portfolio and to liaise with new and existing fleet operatives and owners.
Responsible Repairer Group attracts new members to NTDA
Several leading tyre repairers have joined the National Tyre Distributors Association (NTDA) following the launch of the association’s Responsible Repairer Group (RRG) on 23 March. Midland Tyre Control Ltd, TRS Tyres Ltd, TS Tyre Repairs Ltd, and Jade Tyre LLP have all joined the NTDA over the last three weeks. The team in Aylesbury adds that many more membership enquiries from across the UK have been received from repairers too.
AA-rated GitiSynergyH2 wins 1st Seat OE fitment for Giti Tire
Giti Tire’s GitiSynergyH2 has won another European original equipment tyre fitment. The Seat Ateca will roll off production lines on the AA-rated size 225/55R17 97V. The news represents the manufacturer’s second VW Group passenger car OE selection in the last month following its fitment in the same size on the Skoda Karoq. The GitiSynergyH2 is also specified by Volkswagen Commercial Vehicles, selected in size 215/55R17 XL 98H and 205/60 R16 XL 96H for the VW Caddy 5, one of the best-selling commercial vehicles in Europe.
Tyre retreading tool specialist B&J Rocket Sales AG has appointed Christian Wolf to the role of Key Account Manager. He began in this position on 1 April and is responsible for the company’s existing retreading sector customer base in Germany and other parts of Europe. In addition, he is tasked with developing new markets for B&J buffing tools in these regions.
Tomorrow marks the 50th anniversary of a brand that launched an entire automotive sector and today is familiar to every motorist up and down the land. On 16 April 1971 in McDonald Road, Edinburgh, the first ever Kwik Fit centre opened its garage doors to motorists, offering the new concept of ‘fast fit’ services, replacing components while drivers waited.
Michelin presents sustainability-infused strategy to capital markets
Groupe Michelin’s Capital Markets Day presentation, conducted via webcast on 8 April, set out its agenda for the next decade, putting its plans in front of leading global banks and financial firms. Circling around a central theme of sustainability, the group executive committee, led by managing chairman Florent Menegaux and general manager and chief financial officer Yves Chapot, showed how Michelin intends to “diversify while strengthening” in order to achieve its key economic and ecological targets. Chapot and Menegaux stated that expanding “non-tyre revenue” up to more than one-fifth of the group’s turnover by 2030 would make the group more agile and robust in the face of future crises. The current global health crisis has been instructive in this regard; the committee credited the development of the group’s non-tyre portfolio with assisting in its resilience over the difficulties of 2020, and now intends to continue the acceleration of its diversification. Its digital and materials innovations will simultaneously “deliver new growth,” while contributing to the overall strength of the group: a leitmotif of the committee’s presentation.