In the United States, Pirelli has announced a price increase relating to car and light truck tyres. Effective 15 January 2023, the company will increase prices by 10 per cent, varying by line and tyre size.
Following the news that it is consulting on the closure of the Cooper Melksham tyre factory, Goodyear has announced that it is set to invest 16.5 million euros into the “modernisation” of its Montluçon, France tyre production plant over the next 18 months. The news also marks the end of light truck tyre production at Montluçon. Prior to the announcement, the production of two-wheel tyres accounted for 50 per cent of the site’s activity and the site has also made motorsport tyres during its recent history.
After launching the Vredestein brand across North America in September 2020, Apollo Tyres Ltd presented its new tyre on a Times Square billboard in New York, USA. According to the company, the new Vredestein Pinza AT features ‘Silent Groove’ multi-pitch technology for quieter operation “than competing all-terrain tyres”; a three-ply triplex casing for enhanced durability and protection against external damage; and a “severe snowflake marking”.
Continental Tyre South Africa (CTSA) has appointed a new senior management team for its tyre manufacturing plant in Gqeberha (formerly Port Elizabeth). The appointment comes as Continental gears up to increase the site’s role as a supplier of light commercial vehicle tyres to global markets.
Arctic Trucks is an authorised converter of off-road vehicles, and its latest offering is the Toyota Hilux AT35, which has been specially developed to handle the most challenging landscapes with ease. The re-engineered vehicle is fitted with BFGoodrich All-Terrain T/A KO2 tyres – the company’s toughest on/off road fitment – as original equipment, in size LT315/70 R17.
With the addition of the Cooper Tire business, Goodyear will return to the global number three ranking in passenger car and light truck (PCLT) tyre volumes in 2021. After previously holding the clear number three ranking behind the world’s largest tyre manufacturers, Bridgestone and Michelin, Goodyear was joint third with Continental in both 2017 and 2018. In 2019, Goodyear fell behind Continental to fourth position in 2019 and 2020. Working on a pro forma basis combining original equipment and replacement market tyres, Astutus Research data reveals some interesting facts about the nascent conjoined organisation, with reference to their largest tyre business segment in terms of volume.
The USA will continue to apply anti-dumping and countervailing duties to passenger vehicle and light truck (PLT) tyres from China. The U.S. International Trade Commission (USITC) decided against ending the charging of duties, which have applied to these products since 2015, after determining that doing so would “likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time.” Unsurprisingly, the United Steelworkers union applauds the decision.
Goodyear has brought out a second generation of its summer van and light truck tyre. The first sizes in the new Goodyear EfficientGrip Cargo 2 range began arriving in December, and the full range of 23 SKUs for 14- to 17-inch rim diameters should be available by the end of October 2021.
The UK new light commercial vehicle (LCV) market grew by more than a quarter (+26.4 per cent) in September, according to the latest SMMT figures. In total, 52,096 vans, pickups and 4x4s were registered in the month, up some 10,880 units on a weak September 2019, when regulatory changes distorted the market.
Global sales of Global Light Commercial Vehicles (LCV) are projected to reach 9.49 million units in 2020, with pickups contributing to 4.62 million units. According to research by Frost & Sullivan, the global economic impact of COVID-19 caused the market to decline by 19 per cent in global LCV sales from 11.72 million units in 2019. The European market is said to be worst hit, with countries such as Italy and Spain facing an average decline in LCV sales of 35 per cent to 50 per cent in 2020.