With the appointment of Arjen de Kruijf as its new chief financial officer, Magna Tyres Group aims to secure “continued growth” within a “challenging tyre business” in the years to come. De Kruijf begins in his new position on 1 April, taking responsibility for financial operations, regional finance teams and financial relations.
It’s almost three years since Magna Tyres Group acquired OBO Tyres, the largest retreader in the Netherlands. Since that time, the Obo facility in Hardenberg has been instrumental in Magna’s ‘Made in Holland’ production plans. The site has now been renamed ahead of a further increase in capacity for these products. The Obo business in Germany has also gained a new name.
Magna Tyres Group reported a 48 per cent increase in turnover in quarter one 2019 compared to the same period last year. With a realised EBIT of 2.05 million euros, a figure three times higher than in Q1 2018, Magna Tyres Group states that it is achieving its strong growth ambitions in 2019.
Magna Tyres Group is expanding its network of offices and distribution into the United States and Canada. According to the company, Magna Tyres Group will start its expansion into the North American continent with an office in Canada.
Magna Tyres Group has opened a new regional office in South Africa. In recent years, Magna Tyres has been extremely successful in South Africa and the neighbouring countries. According to the company, the objective is to increase market share, focus on improving customer relationships and satisfaction in this high potential region.
One way of avoiding anti-dumping duties applicable to tyres imported from China is not to import tyres from China. This is what Magna Tyre Group is now doing in the USA – the company is meeting increased demand for OTR tyres in this market by expanding its production capacity in Thailand. Tyres made in this facility, comments Magna, are don’t attract tariffs in the USA and thus offer the opportunity for the company to “massively increase our presence on American market.”
Magna Tyres Group has launched the Magna MA02 Scraper. According to the company, this tyre is explicitly designed for scrapers and graders and will make the groundwork for all your projects as effortlessly as it possible can be.
Cemex UK has renewed its OTR tyre contract with Vacu-Lug until the end of 2019. Operating from approximately 60 quarries and 200 ready-mix concrete plants with a large fleet of modern mobile equipment being able to depend on a tyre service is crucial to Cemex’s fleet operations.
When Magna Tyres Group officially commenced production at its Obo Tyres plant in Hardenberg, the Netherlands on 11 January, Obo general manager Peter Schrijver told us that high levels of efficiency, lower transport costs and lower import duties make it “very cost effective” for Magna Tyres to manufacture in Europe. He also said that Magna had placed a further order for 23-, 26- and 29-inch presses and would undertake measures to effectively double capacity. Just over half a year on, the company has completed its first expansion in Hardenberg. According to Magna Tyres, OTR tyre production capacity is almost twice what it was at the start of the year.
Magna Tyres Group has released another ‘Made in Holland’ tyre, the Magna AG23. The product that rolls out of the company’s plant in Hardenberg, the Netherlands is specifically designed for fitment on agricultural trucks and trailers and features a tread design optimised for agricultural and transport applications.
Tarmac’s Hillhead Quarry near Buxton in Derbyshire hosted unprecedented crowds for the 2018 edition of the show (26–28 June), with official figures showing a record-breaking 19,687 unique visitors in attendance, surpassing the show’s previous highest attendance record set in 2005. The show also included more exhibitors (527) than ever before, with the showground, pavilions and demonstration areas showcasing the latest plant and equipment for the quarrying, aggregates, concrete, asphalt, recycling and construction sectors, many of the products on show for the first time in the UK.
From 23 to 28 April, 2018, Magna Tyres Group exhibited at Intermat 2018 in Paris, demonstrating a broad range of OTR, Port, and Industrial tyres. The exhibition was an declared an “unsurpassed success” by the company, which also said the experience reaffirmed Magna’s position as the world’s fastest growing OTR tyre company.
The latest generation of OTR tyre for rigid dump trucks from Magna Tyres is now available. Called the Magna MA04+, the E4 tread radial is designed for surface mine applications and is produced in seven popular sizes, 27.00R49, 33.00R51, 37.00R57, 40.00R57, 46/90R57, 50/80R57 and 59/80R63. Compound options include cut resistant (A), heat resistant (B) and standard (S).
A complaint often voiced by European retreaders is that their margins have been squeezed flat by imports of new tyres, especially products from China. But while many players have redirected excess capacity to Europe in the hope of claiming market share from retreaders, one tyre company has embarked upon a different approach. Instead of shipping its entire product range halfway around the world from the Far East to Europe, Magna Tyres Group has begun making some of its tyres within our region – and has teamed up with a retreader to do so.
Magna Tyres reports that the first batch of 16 36.00R51 MA09 tyres (of a total of 32) en route to their destination in the Kingdom of Saudi Arabia, where they will be mounted on two giant crushers. These crushers are constructed by Thyssenkrupp in Germany for one of the leading cement companies in Saudi Arabia.