Copadex is expanding its existing cooperation with Alliance to become an official distributor of the whole Alliance tyre portfolio in France as of 2021. The extension of the Alliance offer will make Copadex a full range distributor of Yokohama Off-Highway Tires (YOHT) – as Alliance Tire Group was recently renamed – in France. Copadex is also an official distributor of Galaxy tyres – another YOHT brand specializing in the industrial and construction segments. Copadex will take over its new full range role in the highly important French market with particular focus on agricultural segment and the premium tractor radial portfolio specifically. Copadex will also distribute Alliance tyres in other segments such as forestry and construction.
Visitors to the LAMMA show way back in January were amongst the first anywhere to see Alliance’s new standard tractor radial, the Agri Star II. The new tyre came to market a few months after this, but corona lockdowns got in the way of a more thorough launch – until now.
The Alliance brand has gained a strong position in certain segments of Europe’s agricultural tyre market. Alliance Tire Europe claims a leadership market share of up to 30 per cent for row crop applications and a 20 to 30 per cent share for implement applications. But Alliance’s primary ambition is to break into the tractor segment in a bigger way. In recent months it introduced a couple of products to support this drive.
Private equity firm Warburg Pincus is investing around £117 million in Apollo Tyres via a subsidiary. On 26 February, the tyre maker’s Board of Directors approved the issue of up to 108 million compulsorily convertible preference shares, each with a face value of Rs 100, to Emerald Sage Investment Ltd. The transaction is subject to shareholder and regulatory approvals.
The former chief of research and development at Alliance Tire, Vidit Jain, has joined bicycle tyre manufacturer Ralson Tyres India. Jain now leads a Greenfield project for the company that produces and exports bicycle tubes and tyres.