Tag: Europe
Continental rolling out region-specific trailer tyres
Various road and climatic conditions are encountered within the Continental Tire division’s Europe, Middle East and Africa (EMEA) business, and for this reason, it is introducing commercial trailer tyres that reflect regional requirements. The first of these is the Conti Hybrid HT3 WR.
NeroForce appointed Akarmak European distributor
Recently founded retreading machinery supplier NeroForce (based in Leipheim, Southern Germany), has been appointed as exclusive European distributor of Akarmak machines throughout the continent.
Goodyear starts direct online tyre retail in Europe
Goodyear has launched a direct to consumer online tyre retail solution in the European market. The roll-out begins with a pilot project in Germany. The direct-to-consumer approach is said to be in addition to existing distribution channels. Based at goodyear.com/shop, the site aims to “seamlessly plan the purchase from choosing the right tyre to assembling with a local trading partner”.
Decennial shift in global PCLT tyre volume market share
The latest global tyre market share figures from tyre industry analyst Astutus Research show how long-established, leading players headquartered in Japan, Europe, and North America have seen their volume share diminish, while Chinese, ASEAN, and selected other markets’ tyre manufacturers’ share has risen. The analyst states that in aggregate, the ten leading PCLT tyre manufacturers based in Japan, Europe and North America (J-E-NA) have lost almost 6 percentage points of market share since the end of 2011 (OE and replacement segments combined, volumes in tyre units). In part this reflects a strategic choice of some to focus on the higher value premium segments of the market.
ETRMA welcomes the provisional agreement on European Tyre Labelling Regulation review
In mid-November, the Green Party in the EU Parliament put out a statement on twitter saying: “tyres release more than 500,000 tonnes of microplastics into the environment?”. Stating that this means it is “time to reinvent the wheel”, the green party added: “Yesterday [13 November] we fought hard and we managed to convince the EU to label tyre abrasion in order to tackle plastic pollution”. With this in mind, Tyres & Accessories asked ETRMA what the pan-European tyre industry is adding to the discussion.
Weakness in Western European trailer market becoming clearer
Since the last report in May, Clear market research analysts are now reporting that several West European economies have had their forecasts for 2019/20 economic growth downgraded yet again. In the first six months trailer demand was up by 0.4 per cent but a fall of 14.9 per cent is forecast for the second half. As a result, the market will be down 6.6 per cent for the year.
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.