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Martins Industries acquires Magnum+
Martins Industries has integrated Magnum+ into its brand portfolio of tyre equipment and products by acquiring M & R Tire Products. According to the company, Magnum+ is a brand of high-precision tyre balancing beads that are described as “a revolutionary alternative to traditional wheel weight balancing”.
Hankook Tire extends Canada ice hockey sponsorship
Hankook will serve as the official tyre of Hockey Canada until 2024 thanks to an expansion of the relationship between the association and Hankook Tire Canada. Through the partnership. Hankook Tire’s local operation will support Hockey Canada’s efforts to engage fans and grow the game, participate in its signature events and will act as an international partner at various championships.
Graphene-enhanced tyre test results “a breakthrough in tyre technology”
Gratomic Inc., a Canadian company focused on the mine to market commercialisation of graphite products, reports positive results from extensive testing of its graphene-enhanced tyres. It views these results as a “breakthrough in tyre technology that warrants deployment into the global tyre market.”
Michelin raising tyre prices in USA, Canada
Michelin North America says that prices for selected Michelin and BFGoodrich passenger and light truck tyres will increase by up to five per cent from 1 September. Specific details haven’t been publicly announced – Michelin invites its customers to “discuss details concerning the price increase directly with account managers.”
Enviro: Partners still “highly interested” in Danish, North American tyre recycling projects
The deadlines set out in two of the memoranda of understandings signed between Scandinavian Enviro Systems (Enviro) and firms based in Denmark, the USA and Canada last year may have passed, yet Enviro says this “will not affect the outcome of the negotiations or the possibility of opening the various plants.” The Swedish company still expects to establish joint venture tyre recycling plants with all three partners in the not too distant future.
Retreaded tyres: Refurbished or new?
A new tyre’s a new tyre and a retread is a retread, right? The answer to this seems to depend on where the question is asked. The Retread Tire Association (RTA) is concerned that anyone asking this in Canada may receive the wrong answer, and this may become problematic for retreaders.
North American launch for Agilis CrossClimate
Michelin’s all-season tyre for light commercial vehicles will be available in the USA and Canada as of 1 April. Michelin North America has released the range seen in the UK and Europe in five C-Metric sizes, offering fitments to European van platforms that have become increasingly popular in the North American market. The Agilis CrossClimate name has also been given to a LT-Metric tyre designed specifically for ¾- and 1-ton pick-up trucks and vans. This product can be identified at a glance by its non-directional tread pattern; the LT-Metric range covers 16 sizes.
Magna Tyres Group expands into North America
Magna Tyres Group is expanding its network of offices and distribution into the United States and Canada. According to the company, Magna Tyres Group will start its expansion into the North American continent with an office in Canada.
Michelin increasing prices in North America
Michelin North America has announced increases for US national account prices of up to eight per cent for all commercial brands, products and services. The new pricing takes effect 1 December 2018. Separately, prices for car, light truck and two-wheeler tyres sold under the Michelin, BFGoodrich and Uniroyal brands in the United States and Canada will increase by up to five per cent, effective 1 January 2019.
Canada: Group Touchette acquires Atlas Tire Wholesale
Canadian tyre wholesaler Groupe Touchette Inc. has extended its market coverage in that country by acquiring Atlas Tire Wholesale Inc., a distributor with a strong presence in the Ontario region. According to Groupe Touchette, it does not intend to reorganise the businesses apart from “a few adjustments that may be necessary.” The plan is for the two companies to gradually integrate the Ontario market over the next year.
Michelin investing in winter tyres, semi-finished products in Canada
Investments totalling CA$21 million (£12.3 million) will add 150 new jobs to the Michelin tyre factory in Nova Scotia, Canada and make permanent 200 temporary positions that were previously slated to end in 2020. The investments take the form of two new projects at Michelin’s Pictou County site – a new winter tyre line and the North American launch of a new process for semi-finished materials. These projects are valued at $9 million and $12 million respectively.
Bridgestone’s Joliette plant to gain automated warehouse
A new, fully automated warehouse is to be built at the Bridgestone manufacturing facility in Joliette, Canada. Bridgestone Canada Inc. is investing CA$56 million (£32.8 million) in the project, which will give it a maximum storage capacity of 500,000 car and light commercial vehicle tyres once the facility opens in early 2020.
