Following initial claims earlier this year, a group of former shareholders and directors of retreader and commercial vehicle tyre supplier Vaculug have denied that financial accounts were manipulated ahead of its sale to Grantham Capital and launched their own legal action against the new owner.
Vipal’s tyre retreading equipment development has sold 56 machines since the start of its operations in 2016. According to the company, these were sent to countries in North America, South America and Oceania. Now, the plan is planning to expand internationally.
TECH Europe appoints Italmatic as distributor in Italy
TECH Europe has partnered with Italmatic as its new distributor in Italy. According to the company, the news means Italmatic is “positioned now more than ever to offer a complete line of tyre repair materials and wheel service solutions to the Italian market, which includes everything from motorbike to OTR repairs, along with the essential chemicals and tools to ensure a safe and high quality repair”.
As well as providing its retreading partners with the necessary materials to contribute to securing people's basic needs across Europe and keeping truck rolling, Kraiburg reports that it is also committed to those who fight on the medical “front lines”.
Michelin UK resuming production at Stoke retreading factory
Michelin UK Plc is restarting operation at its retread manufacturing plant in Stoke-on-Trent, UK following as part of a pre-planned stoppage that coincided with other coronavirus-related closures around the country on 26 March 2020. In practice this means the company is planning to start receiving materials from 27 April 2020, with phased tyre production restarting from 29 April 2020.
When Zenises Group chairman Harjeev Kandhari bought Lincolnshire-based retreader Vaculug in July 2018, some questioned the logic of buying a British manufacturing business while the country was on the brink of Brexit. However, shortly afterwards he told Tyres & Accessories that the circumstances only added to the opportunity and that he had plans to invest in the business via its staff, products and production lines. 18 months on, before the Coronavirus outbreak, T&A asked Kandhari how the transition has progressed and what the company is doing to celebrate its 10th anniversary. In short, the Vaculug transition is said to be going “absolutely wonderfully”, with a new MD appointed from within the ranks of Zenises, a number of other new personnel as well as new products and a developing van tyre business.
Sailun offers medium radial truck tyre warranty in USA
TBC Brands, one of the largest distributors of private brand tyres in North America, is offering an enhanced Sailun Advantage truck tyre warranty. According to the company, the new warranty programme is a “game-changing” combination of outstanding quality, competitive pricing, expansive product selection, enhanced warranties and multiple retreads.
Waste management group, CSG, has committed to a further two years with Bandvulc, the retread subsidiary of Continental. The decision takes the tyre management contract between the two companies into its seventh year, at a time when fleet numbers across CSG and sister company J&G have risen to close to 150 vehicles.
Marangoni Tread North America (MTNA) has communicated that it “remains operational” despite the Covid-19 pandemic. According to MTNA, the company is “committed to providing superior products and services to our customers. We are taking active steps to prevent any interruption in our business processes.”
Retreader Seryt Tyres reports growth in a time of consolidation and attrition
Goodyear’s decision to exit UK retreading in 2015, followed by Continental’s 2016 takeover of Bandvulc and Vaculug’s 2018 acquisition by Zenises Group changed the face of the UK retreading business in just three years. However, while the market has both contracted and consolidated in recent years, a core group of key retreading production bases remain. And while the largest retreading businesses often gain the spotlight, it is worth mentioning fast-growing operations as well. Sussex-based Seryt Tyres is one such company, so Tyres & Accessories got in touch with director Kevin Gillin and marketing manager Olly Townsend in order to find out more.