With its AU$48.7 million (£26.7 million) acquisition of Tyres 4U assets in Australia and New Zealand, National Tyre & Wheel becomes one of the region’s largest tyre wholesalers and the largest independent, multi-branded wholesaler in both countries. The transaction was finalised in August and more than doubles National’s distribution centre footprint in the two countries, with its nine company-owned and four third-party facilities complemented by 11 Tyres 4U centres in Australia and three in New Zealand. Combined tyre volume for the Australian financial year ending 30 June 2020 exceeded 2.5 million units, with a revenue of $450 million (£247 million).
Australian tyre recycler Green Distillation Technologies, which recycles tyres according to a kind of pyrolysis process, is considering expanding into the UK and other international markets.
Expansion began with an agreement with a tyre collection business who are so confident in the Australian technology that they have increased their commitment to GDT from 10 tyre recycling facilities across the US to 15 with the construction of three key plants to commence as soon as the regulatory agreements and government approvals are obtained.
Australian motorists have named Bridgestone as ‘Australia’s Most Trusted Tyre Brand’ for the seventh consecutive year in the annual Reader’s Digest Most Trusted Brands award.The brand’s unblemished record thus remains intact, with Bridgestone the only tyre company to win the title since the tyre category was introduced in 2014.
As of 1 April, Tyremax will take over distribution of Continental truck and bus tyres in the Australian market. In addition to these products being available through the wholesaler’s distribution and delivery network, Tyremax will also provide all other facets of the service in relation to product warehousing, ordering, sales, logistics and technical support.
According to a report published by Tyre Stewardship Australia (TSA), 69 per cent of the 466,000 tonnes of end of life tyres generated within the country in 2018-19 were recovered for reuse or processing into tyre derived products or in thermal processing. This amount is the equivalent of 40.3 million car tyres. The 40.3 million […]
Pirelli says it “understands and fully agrees” with the decision to cancel this weekend’s Australian Grand Prix. The event was stopped after confirmation came that a member of the McLaren Racing Team has tested positive for COVID-19, leading to the team’s withdrawal. The FIA and Formula 1 convened a meeting of the other nine team principals on Thursday evening, which concluded with the majority favouring stopping proceedings.
Thanks to an extension of the current partnership, Hankook will return in 2020 as official tyre of Australia’s National Rugby League (NRL). As part of the newly-extended contract, the tyre maker will launch what it says will be “one of the biggest consumer promotions ever seen” in the country’s tyre industry; this will run from April to August 2020.
The Motor Traders Association of Queensland (MTAQ) has become an investor in innovative Australian tyre recycler, Green Distillation Technologies Corporation (GDTC), which has discovered a process that turns end-of-life tyres into high value oil, carbon and steel.
Green Distillation Technologies has signed a deal to build its first plant in the United States. The agreement provides funding of up to US$100 million for the roll out of additional plants in the US, subject to the successful operation of the first one.
Sri Lanka’s Global Rubber Industries (GRI Tires) has acquired Australian tyre supplier Tradefaire International’s industrial tyre business, Axis Tyres Pty Ltd. The acquisition includes Axis locations in Melbourne (Altona and Braeside), Sydney and Adelaide. Together with GRI’s existing branch in Brisbane, the company now operates five sites in Australia.
Melbourne, Australia has become the fifth location for Pirelli’s global flagship P Zero World retail store. The new opening follows Los Angeles (2016), Munich (2017), Monaco (2018), and Dubai (2019) as the latest site for the brand’s “boutique store for tyres” concept. P Zero World stocks Pirelli’s most exclusive products alongside bespoke services for owners of sports and luxury cars.