Tag: OTR tyres
Richard Lyons appointed Trelleborg Wheel Systems UK MD
Trelleborg Wheel Systems has announced that Richard Lyons has been appointed as managing director UK and Ireland for Trelleborg Wheel Systems effective 1 January 2020.
Guizhou Tire begins $350 million construction project on two China factories
Guizhou Tire recently broke ground on two new tyre production facilities near the firm’s headquarters in Guizhou, Guiyang province. According to Asian Rubber Journal reports, when operational, the first - a $307 million plant - is expected to generate nearly $426 million annually. Capacity is salted to be 3 million truck tyres a year.
ToughTech’s expansion supported by £100,000 NPIF investment
Tyre pressure monitoring systems (TPMS) firm ToughTech has received a £100,000 investment from NPIF – BFS & MSIF Microfinance, managed by GC Business Finance and MSIF and part of the Northern Powerhouse Investment Fund.
Mahansaria Tyres comments on EATD acquisition
Commenting on its agreement in principle to buy a majority stake in European Agriculture Tyre Distributor (EATD), Mahansaria Tyres Private Limited (MTPL) states that it intends to build a global, market leading off-highway tyre business. MTPL describes the acquisition as its first step towards building its distribution network in Europe and developing EATD into “a leading" European distributor. EATD has also announced that it will distribute MTPL tyres in Germany, Austria, Switzerland, Belgium, Netherlands, Czech Republic, Slovakia and Poland, along with continuing to act as a distributor for Tianli tyres.
EATD to distribute Mahansaria off-highway tyres in 8 European markets
EATD recently disclosed plans to bring a new investor on board, and when we spotted Yogesh Mahansaria visiting the distributor’s stand at Agritechnica 2019 the list of potential investor candidates suddenly became a whole lot shorter. Mahansaria is indeed the new investor; EATD confirms that Mahansaria Tyres Private Limited (MTPL) has reached an in-principle agreement to acquire a major stake in the company.
Better late than never: Bridgestone opens Thailand OTR plant
A ceremony was held yesterday to mark the official opening of Bridgestone’s new OTR tyre factory in Thailand, marking the conclusion of a long and at times less than certain construction and preparation programme. The ceremony was attended by Bridgestone Group executives as well as members of the Board of Investment, Thailand, Rayong Province, and Japanese Embassy.
Kirkby Tyres celebrate second straight Truck & Agricultural Tyre Supplier of the Year Award
When Kirkby Tyres received the prestigious Truck & Agricultural Tyre Supplier of the Year Award (2019) on 3 October, it marked the second consecutive year that the Liverpool-based wholesaler had won the award.
Treadsetters appoints Craig Holdsworth as sales manager
Treadsetters, part of the TIA Group of companies, has named Craig Holdsworth as sales manager. Holdsworth will be focusing on the development and implementation of the company’s strategy for new and existing dealerships in its OTR/agricultural product range, working closely with the head office sales and marketing teams.
San Jose Logistica opens new distribution centre
On 5 October, San José Logística de Pneus, a market leading OTR tyre distributor in Portugal and a major player in the equivalent Spanish market opened new facilities in Cantanhede, Portugal.
ATG adds new Galaxy Yardmaster Radial, HTSR 400 E4/L4 sizes
ATG has added two more sizes to its line-up of Galaxy Yardmaster Radial forklift tyres. The all steel radial tyre used for heavy duty long cycle operations is now available in two new sizes: 12.00R20 and 12.00R24, and previously available size 10.00R20.
Yokohama to buy ex-Pirelli commercial/industrial tyre business Prometeon
Japanese tyre and rubber manufacturer Yokohama is planning to invest into and even buy Prometeon, the new name for the former Pirelli commercial and industrial tyre manufacturing operation, according to a range of sources. Tyres & Accessories first heard this news in July and then the Italian financial press subsequently suggested that Prometeon’s shareholders were considering restructuring Prometeon’s ownership. Yokohama is understood to be leading the suitors. The official Yokohama/Prometeon investment announcement is expected during the course of the next week or so.
Magna Tyres Group opens USA office
Magna Tyres Group shares that it has opened a sales office in the USA. Its premises in Fort Lauderdale, Florida opened on 1 September and is the company’s second office in North America. Magna Tyres Group has been present in the region since establishing a sales office in Canada at the start of this year.
GKN develops Michelin X Tweel wheel
Unveiled in July, the Michelin X TWEEL SSL 2 - an airless tyre for skid steers - features a completely new wheel developed and manufactured by GKN Wheels. The Tweel is a single, fully-integrated unit which replaces the traditional tyre/wheel/valve assembly. This means there is no need for costly and time-consuming wheel and tyre mounting to be carried out - and once the unit is bolted to the vehicle, there is no air pressure to maintain.
Transense confirms Bridgestone cooperation
In February, TPMS and sensor-maker Transense announced it had received an order for 50 of its iTrack II tyre monitoring systems for installation in mines in North America. On Tuesday 13 August the company confirmed that Bridgestone is the cooperation partner.
Slight slowdown in India’s radialisation
The radialisation in India’s commercial vehicle and off-highway tyre market has slowed down but is still progressing, says Apollo Tyres. During an earnings call earlier this month, chief financial officer Gaurav Kumar commented that radialisation in the market as a whole has “slowed down slightly from earlier expectations.”