Tag: Europe
Linglong hosts European Dealers Conference in Cyprus
Linglong Tire hosted its first European Dealers Conference in Cyprus between 11 and 13 October. With nearly 60 European distributors gathering to discuss the company’s achievements and challenges in overseas market development, brand promotion, and product innovation as well as strategic planning, the company said the event was “a success”.
Automotive industry associations: Brexit not just a British problem
With just over one month to go before the UK is due to leave the EU, the European automotive industry today made a united call for the UK and the EU to avoid a ‘no deal’ Brexit scenario. The lead organisations representing vehicle and parts manufacturers across the EU, the European Automobile Manufacturers Association (ACEA) and European Association of Automotive Suppliers (CLEPA), have joined forces with 21 national associations, including the UK’s Society of Motor Manufacturers and Traders (SMMT), to stress the impact a ‘no deal’ Brexit would have on what they call “one of Europe’s most valuable economic assets.”
Nokian Tyres: No Brexit worries, just car market concerns
Brexit is perhaps just over a month away, and while many companies face an uncertain future, Nokian Tyres is in the happy position of being relatively unconcerned about the UK rescinding its European Union membership. That’s just as well, as the Finnish tyre maker has other things to worry about.
Lassa reports 60% growth in tyre exports
Lassa Tyres has reported that the brand has grown international exports by 60 per cent during the last five years. Top countries, where Lassa Tyres were sold during 2018 include Egypt, Italy, Germany, Austria, Ukraine and Morocco.
Trends and predictions in the automotive diagnostic tools market
With a global market share of over 34 per cent in 2018, Europe is expected to become the leading region in the automotive diagnostic scan tools market in the next few years. At the same time, the automotive diagnostic scan tools market and is estimated grow to a US$15 billion market size by 2025 - all of which adds up to a very positive diagnosis for those wishing to offer diagnostic servicing to consumers. With this in mind, Tyres Accessories analysed the latest market data in order to find the consensus of opinions relating to the future of the diagnostic tools market.
STARCO joins EUWA
The Association of European Wheel Manufacturers, or EUWA, shares that STARCO has become its latest member. The EUWA officially welcomed STARCO at its 31st General Assembly, which took place in Valencia in May.
Kobe Steel makes Germany-based Kobelco Europe its European HQ
Kobe Steel, Ltd. established Kobelco Europe GmbH (KEU) earlier this month to serve as the European headquarters for the Kobe Steel Group. Tsuyoshi Uesugi, will serve as managing director. According to the company, KEU has grown out of the existing Kobelco Machinery Europe GmbH (KME) which is based in Munich, Germany. KME was established in 2012 as a base for Kobe Steel’s Machinery Business in Europe, mainly the marketing of nonstandard compressors and tyre and rubber machinery.
Reports: Brembo aiming for largescale acquisition
Brembo is lining up a “significant size” acquisition, even as large as the brake maker itself. Local newspaper Il Sole 24 Ore quoted Brembo executive vice-president matteo tiraboschi as saying that the company is looking for potential targets outside Italy, especially in Europe and the US and even China: "It must a healthy company of a certain size - with good numbers, technology and R&D - that fits our business”.
Triangle moving to make its mark in Europe
In 2016 Triangle Tyre completed its initial public offering (IPO) on the Shanghai Stock Exchange. Back then Triangle’s top management promised that the company would invest in expanding its position in key markets – including Europe. Sure enough, in 2017 a new European leadership team was appointment and shortly afterwards a new European headquarters was opened in Milan. But around the same time, European anti-Chinese truck tyre import duties were also introduced. For many companies this meant the end of Chinese truck tyre business in tariff areas. So how has Triangle faired in this adverse business climate? Nearly two years after their appointment, Tyres & Accessories caught up with Triangle executives Corrado Moglia, general manager – Europe; Angelo Giannangeli, European marketing director; and Mirco Spiniella, business development director Europe in order to answer that question.
West European trailer demand could fall 10%
West European trailer demand has not only faltered, but could fall by as much as 10 per cent, according to the latest analysis by Clear International. And, of course, if trailer demand is set to fall by as much as 10 per cent, this trend will no-doubt bring truck tyre OE sales down with it.
International Tyres aims for Europe
Following the company’s successful debut at the Tyrexpo Asia Show in Singapore in March, West Midlands-based International Tyres exhibited at May’s Autopromotec 2019 in Bologna.
Vipal launches new website
Vipal Rubber’s European branch has launched a new web. According to the company, the page underwent a design makeover to make it responsive and extend it into four different languages.
Have the truck tyre import tariffs ‘worked’?
The size of the UK truck tyre market by sell-out unit volume fell 9.8 per cent in 2018 set against the backdrop of European import tariffs, according to GfK data presented at Autopromotec 2019. But what do the tell us about the effectiveness of the tariffs?
FinTyre completes Rs Exclusivreifengrosshandel and Tyrexpert Reifen + Autoservice acquisition
Following the announcement made on 28 December 2018, on 10 May 2019, European FinTyre Distribution (EfTD) announced that it has completed the acquisition of 100 per cent of German tyre firms Rs ExclusivReifengrosshandel GmbH and Tyrexpert Reifen+Autoservice GmbH.
Goodyear drops Dunlop brand in registered name change
Following the news that it is refreshing its Goodyear halo brand as its UHP and luxury go-to moniker, Goodyear Dunlop UK Ltd has confirmed it will be removing Dunlop from its registered company name and in future will therefore be known just as Goodyear.