Chinese tyre import share rises above 50% in declining European market
China accounted for more than half of all passenger car and light truck (PCLT) tyres entering the European Union and the United Kingdom for the first time during the first eight months of 2020. Comparatively, the then 28 EU nations imported 105 million passenger car and light truck (PCLT) tyres from outside the region in the same period of 2019.* The major impact on tyre demand of the coronavirus pandemic, as well as varying degrees of disrupted production, led to the EU-27 and UK together impor
German asset management firm Aurelius Equity Opportunities SE & Co. KGaA is acquiring the GKN Wheels & Structures business from GKN. The transaction is expected to complete in November and is conditional on receiving anti-trust approval. Following the deal’s completion, GKN Wheels & Structures will gain an as-yet-undisclosed new name.
Michelin accused of Indonesia natural rubber deforestation “cover-up”
Campaign group Mighty Earth has published a report alleging that Michelin “covered up industrial-scale deforestation of over 2,500 hectares of rainforest in the run-up to the launch of its flagship ‘eco-friendly’ sustainable natural rubber joint venture project in Sumatra, Indonesia”. The project is currently seeking an additional $120 million in investment from green financiers. Michelin’s joint-venture Indonesia natural rubber project Royal Lestari Utama (RLU) robustly denied the al
Pro-Align: Quick Check Drive is ‘a wheel servicing revolution’
The development of modern car technology has accelerated as fast as ever before and manufacturers producing the systems that allow workshops to service these vehicles effectively have also developed at a fast rate. In some cases, the development has been a technological necessity needed to keep pace with vehicle development, but in other cases, the development is driven by the vision to provide a better, more efficient servicing solution.
Bridgestone launches Battlax Sport Touring T32 motorcycle tyres
Bridgestone has launched its new Battlax Sport Touring T32 tyre. The tyre represents improved wet performance over the T31, containing Bridgestone’s Pulse Groove Pattern Technology. The T32 has a 13 per cent bigger contact patch than its predecessor, which supports handling improvements. The tyre has also reduced wet braking distance by seven per cent. Enhancing the tyre’s size line-up, Bridgestone is launching a version of the tyre dedicated to middleweight and heavy motorcycles. The Battla
ETEL Group, Kwik Fit and Stapletons Tyre Services tyre retail brands, has made Wagestream available to its 7,000 staff. Wagestream offers a suite of financial education solutions including real-time access to earned pay.
With its newly-developed global customer service system, ZC Rubber says it offers tyre dealers an online platform that serves as a “one-stop solution for tyre information, marketing support and after-sales service.” The system covers all ZC Rubber brands, including Westlake, Goodride, Chaoyang, Trazano, Arisun and Yartu.