Founded in July 2019 by Steve Donnithorne, CL Tyres Ltd is a relative newcomer in the industrial tyre business. However, in this case, that youth belies the experience behind the business, something that another of the company’s director’s, Steve Pye, explained to Tyres & Accessories during the recent IMHX exhibition at the NEC in Birmingham at the start of September 2022.
Emerald Resilient Tyre Manufacturers Pvt Ltd has launched a new range of solid skid-steer tyres at the IMHX 2022 exhibition in association with the company’s UK distributor, World Wide Tyre Marketing (Fork Truck Tyres Ltd).
According to the company, Emerald is the largest Indian solid and pneumatic tyre manufacturing and exporting company and was proud to launch the new range, which is available both with and without apertures.
As reported on Tuesday, Yokohama Off-Highway Tires (YOHT) has opened its third factory in India. Yokohama Rubber has shared some additional details about the new plant in Visakhapatnam, Andhra Pradesh, which alongside existing facilities in Dahej, Gujarat and Tirunelveli, Tamil Nadu will produce YOHT’s core Alliance, Galaxy and Primex off-highway tyre brands.
On 4 August 2022, Aeolus announced it was ready to sign a supplementary agreement with China National Tyre & Rubber Co., Ltd (CNRC). Through that agreement, CNRC has entrusted Aeolus with a 38 per cent stake in Prometeon Tyre Group S.r.l. (PTG).
Guizhou Tyre (also known as Advance Tyre) is preparing to launch an industrial tyre manufacturing expansion project with an annual output of 300,000 a year. The total investment in this project is about 24 million yuan (£2.926 million; 3.486 million euros; US$3.588 million). The expansion project does not involve the acquisition of new land.
Even if you aren’t familiar with the name Kabat Tyre, chances are that you’ve owned or used products that have a Kabat connection. This is because the Polish company isn’t just the largest manufacturer of inner tubes in Europe and a manufacturer of tyres for the off-highway segment – it also supplies rubber compound to big-name tyre makers.
Trailers play an essential role in agricultural and industrial applications and are tasked with the difficult remit of carrying increasingly heavy loads on a range of surfaces, both on and off the road. Tyre choice strongly influences performance, and BKT has thus introduced a new product for “trailers employed in the toughest transport applications” – the FL 695.
Although impacted by the rising cost of raw materials and logistics, off-highway tyre specialist BKT delivered a healthy profit in the financial year ending 31 March 2022. Profit after tax rose 22 per cent year-on-year to Rs 14.11 billion (£148.58 million) on the back of income that rose 47 per cent to Rs 84.19 billion (£886.52 million) and sales volumes that increased 27 per cent to 288,795 tonnes. EBITDA was, at Rs 21.82 billion (£229.76 million), up 21 per cent, with the margin contracting 5.6 percentage points to 25.9 per cent.
While other tyre makers are distancing themselves from Russia and moving production capacities elsewhere at present, Titan International Inc.’s subsidiary in Volzhsky, Volgograd Oblast has announced plans to increase its production volumes. Voltyre-Prom, which is majority owned and managed by the Illinois, USA-based off-highway tyre specialist, states that the current situation “opens up new opportunities” for it to increase production volumes and sales.
Three months after we published the news, The Yokohama Rubber Co., Ltd., has confirmed that it has entered into a share purchase agreement with Swedish-based Trelleborg AB to acquire all outstanding shares of Trelleborg Wheel Systems Holding AB (TWS). According to Yokohama, TWS’s enterprise value is €2,040 million (about ¥265.2 billion). But the acquisition agreement includes a performance-linked earn-out clause, which could increase the acquisition price by up to €60 million depending on TWS’s 2022 financial results. And therefore Trelleborg refers to the sale as a 2.1 billion euro deal.
CAM International have signed an agreement with Continental Tyre’s fleet management division, Conti360° Solutions, to help e-jobsheet app subscribers directly connect with fleet management software – via the TiDaeX platform.
Construction companies are increasingly considering the environmental impact of their operations and this includes their machinery choices. Legislation has driven the development of clean engines – in the off-highway sector new machines must now be built with Stage V low emission engines. Of course, battery power is also now becoming more prominent as a power source for smaller plant and equipment. So, what about tyres?