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Giorgio Luca Bruno named Pirelli’s next CEO

Giorgio Luca Bruno will succeed Marco Tronchetti Provera as chief executive officer of Pirelli. In a statement published on Monday, Pirelli investor Camfin S.p.A announced that Bruno will take responsibility for the operational implementation of the group’s strategies, freeing Tronchetti Provera to guide group strategy and oversee the implementation of the Pirelli business plan as executive vice-chairman, a role he is confirmed to hold until spring 2026. Camfin views the transition as one that ensures the “continuation of the managerial culture of Pirelli.”

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  1. Pirelli shareholding to be controlled by ChemChina
  2. Pirelli industrial/consumer tyre business split continues
  3. Rosneft reaches for Pirelli – but the power stays with Marco Tronchetti Provera
  4. Pirelli shareholders appeal for better ChemChina offer
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Growth despite challenges: Torque from the Top – Kumho Tyre UK managing director, Keon Park

Kumho

Continuing our ongoing series of Torque from the top special interviews with influential industry figures, here Tyres & Accessories hears from Keon Park managing director, Kumho Tyre UK, who shares Kumho’s perspective on the challenges and triumphs of the last couple of years as well as the well-known brand’s hopes for the future.

Tyres & Accessories logo“Torque from the Top” is a regularly feature in the print edition of Tyres & Accessories magazine. Not a subscriber? No problem, click here to become one.

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  1. Micheldever ending Kumho tyre distribution in May
  2. Davanti unveils wave of new product, partnership news at first conference
  3. All-season tyre growth, especially for premium brands – GfK
  4. Torque From The Top – Gary Oliver of Grouptyre
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Triangle scraps US tyre factory project

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Triangle Tire has scrapped its plans to a build roughly half-a-billion dollar tyre factory in North Carolina, USA. According to the company, the project which had been strongly supported by local government officials in North Carolina was ended amicably with mutual consent.

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  1. Giti to build $560 million US tyre plant
  2. Georgia selected as location for $500 million Sentury Tire US factory
  3. Incentives helped Triangle decide to build US factory in North Carolina
  4. Training centre to form key part of Triangle’s new US tyre factory
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Continental: Lower income despite strong tyre business in Q1 2022

Announcing its financial results for the first quarter of 2022, tyre maker and automotive technology firm Continental states that it “performed well” during the period despite “an increasingly turbulent market environment.” It describes its Q1 2022 tyre business as “strong.”

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  1. A “good result” – Continental returns to the black in 2021
  2. Michelin: YTD sales up 15.6% to €17.2 billion
  3. Continental: Components supply issues hit Q3 2021 sales & earnings
  4. Continental revises 2022 outlook, publishes preliminary Q1 results
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Top 10 UK tyre retailers 2022 – growing fast

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Times have been tough in the last couple of years, but if the growth of the top 25 tyre retailers in the UK is anything to go by, the nation’s leading tyre retail businesses are taking triumph from adversity. Of course, Halfords’ acquisition of National Tyres and Autocare’s parent company at the end of 2021 makes up a big part of the new UK tyre retail landscape, but it is clear that adding branches to existing networks (either by organic growth or by acquisition) is a common theme across the board.

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  1. The top 10 UK tyre retail chains 2021
  2. Micheldever/Protyre moves up to fourth, Lodge Tyres jumps in retail rankings
  3. ETEL continues to lead top 20 UK tyre retailers 2019
  4. Halfords charges into second place in the 2020 UK tyre retail ranking
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Chinese truck tyre tariffs annulled

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The Court of Justice of The European Union

Anti-dumping and anti-subsidy tariffs imposed against Chinese-produced truck tyres in 2018 must be annulled, according to a judgement published by the European Court of Justice on 4 May 2022.  Tyres & Accessories understands that the verdict can be appealed between now and July, but unless that appeal is successful, the annulment of anti-dumping tariffs against Chinese-produced truck tyres will result in increased imports and sales of those products.

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  1. EU publishes definitive anti-subsidy and updated anti-dumping rates
  2. US imposes Chinese tyre import tariffs
  3. US puts 10% import tariffs on all Chinese tyres
  4. CRIA: Chinese tyre market will be ‘tested’ in 2H 2011
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The UK’s leading retailers 2022 (#11 to #15)

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Artem Podrez; Pexels

Continuing our 2022 analysis of the leading UK tyre retailers by branch count, Just Tyres is this year’s number 11, having grown via the addition of two new centres which brings its total to 39. At this rate, Just Tyres is likely to overtake Mr Clutch into 10th position during the next year or two.

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  1. Autocentres growing in prominence – UK’s top tyre retailers 2021 (11-20)
  2. Micheldever/Protyre moves up to fourth, Lodge Tyres jumps in retail rankings
  3. Growth and stability amongst leading UK tyre retailers
  4. The UK’s leading retailers 2022 (#15 to #25) – New entries and stable growth
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The Blimp returns

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Those of you in London and the south of England are advised to look upwards next week, for the Goodyear Blimp is returning to our skies. Goodyear tells us that the Blimp will be above London and the surrounding areas on 11 and 12 May. From there, the icon will travel to Brands Hatch for the second round of the British Touring Car Championship on 14 and 15 May, where it will provide aerial coverage of the race.

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  1. Goodyear Blimp returning to Europe
  2. Goodyear Blimp’s UK visit postponed
  3. Goodyear Blimp bound for England
  4. Goodyear Blimp heading for South Coast after London tour
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The UK’s leading retailers 2022 (#15 to #25) – New entries and stable growth

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Bush Tyres

This year the top 25 table has been characterised by growth virtually across the board. However, something that stands out in positions 15 to 25 is that there have been a couple of new entries onto the ranking in addition to this. Exemplifying stability in the market, In ‘n’ Out Autocentres appears to have remained in 15th position with 27 branches.

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  1. Micheldever/Protyre moves up to fourth, Lodge Tyres jumps in retail rankings
  2. Growth and stability amongst leading UK tyre retailers
  3. Autocentres growing in prominence – UK’s top tyre retailers 2021 (11-20)
  4. Kerr’s Tyres joins the top 25 UK tyre retailers
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Michelin confirms Maria Röttger as Europe North President & CEO

As reported yesterday, Maria Röttger will succeed Anish K. Taneja as president and chief executive officer of Michelin Europe North, effective 1 June 2022. Michelin shares that Taneja has decided to “move to a new role outside the company.”

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  1. Michelin creates Europe North region, names Anish Taneja CEO
  2. Taneja leaving Michelin – Röttger named as successor
  3. Big names committed to The Tire Cologne
  4. Von Aspern to lead Michelin’s new European wholesale business
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Nokian Q1 shows strong growth with Ukraine war effects set to bite in Q2

Nokian Tyres

The effects of the Ukraine war are not present in Nokian’s first quarter reporting, published on 28 April. The company has seen good levels of Q1 growth versus 2021, especially in its car tyre sales, but also in its commercial tyre business. However, with the manufacturer highly leveraged on Russian manufacturing and European sanctions against the country ramping up, it has announced to investors that all bets are off regarding its 2022 forecasts. The negative effects are largely related to passenger car tyre sales – Nokian explains that its “Heavy Tyres” are produced in Finland. It adds that while it has stopped the distribution of these products in Russia, “Nokian Tyres has never sold tyres to the Russian army, and the Russian Federation is not a customer of Nokian Tyres.”

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Related news:

  1. Nokian moves selected tyre production out of Russia
  2. Nokian Tyres staying in Russia
  3. Nokian to invest $360 million in new US tyre factory
  4. Bridgestone lost some data in Americas ransomware attack
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Bridgestone launches semi-slick Potenza Race track day tyre

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Bridgestone

Bridgestone has launched the semi-slick Bridgestone Potenza Race, its first ever tyre day tyre for the replacement market. In testing conducted by TÜV SÜD at the 6.115km Nardo circuit in Italy, the tyre was able to improve upon average times set by three leading competitor tyres over three laps by an average of more than two seconds. It was also ranked second for longevity, and delivered class-leading dry braking at Bridgestone’s European proving ground. The Potenza Race is homologated for public roads, but with performance focussed on track days. Developed and manufactured in Europe, the Potenza Race will be available in 13 popular sizes  between 17 and 20 inches from June 2022, supporting the most commonly sighted hot hatchbacks and sportscars at track days.

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  1. “New excellence in sports performance” – Bridgestone unveils Potenza Sport
  2. Conti SportContact 7 ‘sets benchmark’ in Tyre Reviews UUHP tyre test
  3. Toyo releases new R888R UHP road and track tyre in UK
  4. New Porsche 911 GT3 launched with Michelin Pilot Sport Cup 2 tyres
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Shapps’ retreads ‘ill-advised’ MOT frequency changes again

MOT Tyres DVSA DVA

Reports suggesting UK transport secretary Grant Shapps is once again considering changing MOT frequencies to two-yearly intervals began being published on the evening of 26 April 2022. On the morning 27 April, Shapps was refusing to rule out those changes. Whenever the transport secretary came up with the plans they are old news which has been repeatedly debated, consulted on and ultimately rejected. Such proposals are also “ill-advised” according to the National Tyre Distributors Association, whose chief executive Stefan Hays blasted Shapps’ alleged MOT proposal in a statement released at noon on 27 April.

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  1. Fleets Don’t Manage Occupational Road Risk Well
  2. Micheldever CEO speaks out against 4-year MOTs
  3. UK opts to keep 3-year first MOT period
  4. MOT demand peaked at Christmas, Lockdown-related testing boom finished in January
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UK government blocks Russian and Belarussian tyre, rubber product imports with 35% tariff increase

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Igorn; Pixabay

On 25 April 2022, the UK Government announced a further tranche of trade sanctions against Russia. The new sanctions, which were introduced by International Trade Secretary Anne-Marie Trevelyan and Chancellor of the Exchequer Rishi Sunak, include import bans on silver, wood and high-end products like caviar. At the same time, the government has raised tariffs by 35 percentage points on items from Russia and Belarus, including diamonds and “rubber products”. Additional duties of 35 per cent were already introduced on “new pneumatic tyres, of rubber” on 25 March 2022.

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Related news:

  1. Sanction-hit tyremaker Belshina patriotic amid war in Ukraine
  2. Ukraine war’s impact on global tyre-makers acute for Nokian, manageable for others
  3. New UK Global Tariff sees tyre duty reduced from 4.5% to 4.0%
  4. Nokian moves selected tyre production out of Russia
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SUV tyre sell-out value up 12 per cent in 2021

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Lloyd Freeman; Pexels

During 2020, the whole of the sell-out market declined albeit not as badly as was feared. Still, with the exception of some distinct niches – such as instances in the logistics industry where tyre service providers were kept busy throughout the lockdowns – everyone was affected. SUV tyres were no different and saw overall value and volume figures fall 12 per cent, according to market analyst GfK’s January to December 2020 panelmarket data. 2021, however, was almost the mirror image of 2020 with the value of UK 4×4 and SUV tyre sales up 12 per cent compared with the equivalent full-year 2020 data. In other words, SUV tyre sales returned to growth mode in 2021, something that sets 2022 up for an even better year for those selling SUV and 4×4 tyres.

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  1. Long-term trend shows winter tyres receding, all-season rising in UK
  2. Mid-range all-season tyres lead market growth
  3. 4×4 tyre sales remain strong, but SUV sub-segment growing twice as fast
  4. All-season tyre growth, especially for premium brands – GfK
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