Tyrefix completed the acquisition of C&S Tyres (UK) Limited, which provides heavy off-highway tyre services across the earthmover, waste and recycling markets. The deal completed on 16 November 2023. According to Tyrefix, “the combination of the two businesses further strengthens Tyrefix’s national offering and is the second acquisition completed under the ownership of Literacy Capital.”
With the use of autonomous vehicles (AVs) in off-highway applications growing rapidly, the designs of a wide range of components, including both wheels and tyres, are having to change. Indeed, in some sectors, the moveero design team has already responded to their introduction with the development of new, patented wheel technologies to meet the different requirements of these vehicles. Traditional wheel and rim designs simply may not deliver the performance requirements that are demanded by AVs. Rather than being completely new designs though, AVs generally require wheels that deliver increased durability, strength and longevity, with existing designs and processes evolving to provide solutions that meet these demands.
Following the news that Goodyear is planning to raise around $2 billion from the sale of Dunlop as well as its OTR tyre and chemicals businesses, the company revealed further details during a follow-up conference call. The financially biggest part of the recently-unveiled Goodyear Forward business transformation plan is the proposed sale of Dunlop, OTR tyre and chemicals business. Goodyear estimates that these areas are worth around $0.7 billion, $0.7 billion and $1 billion respectively.
The Goodyear Tire & Rubber Company is unveiling its “Goodyear Forward” transformation plan, which – precipitated by the now infamous Elliott letter – is designed to – “optimize its portfolio, deliver significant margin expansion and reduce leverage to drive sustainable and substantial shareholder value creation”. First off, that means generating “gross proceeds in excess of $2 billion” from pursuing a “strategic alternatives for its Chemical business, the Dunlop brand and the Off-the-Road equipment tyre business.” The business will also continue with a new CEO following the parallel announcement of the retirement of current CEO Richard J. Kramer.
Bridgestone Corporation has introduced a new mining solution service that uses a proprietary, Bridgestone-developed algorithm to estimate tyre durability. It first introduced this offering in July 2023 to the BHP Group’s Spence copper mine (Pampa Norte operation) in Chile, which also uses the service to propose the optimal timing for tyre timing as well as driving routes for the mine.
Triangle Tyre has been included on the latest China Construction Machinery Technology list of Prime Suppliers. the latest China Beijing International Construction Machinery, Building Material Machines and Mining Machines Exhibition & Seminar (BICES 2023) took place in Beijing in September, hosting the 2023 China Construction Machinery Technology Innovation Summit & Prime Suppliers 500 Launch Ceremony. Triangle Tyre said its reputation as a construction tyre supplier and innovation capability were key factors in gaining a place on the list.
UK distributor for Ascenso Tyres, BAB Distribution – part of the Bush Tyres group – recently took key Ascenso dealer partners North Devon Tyres and Redpath Tyres to India to visit the Ascenso factory and offices in Bharuch and Mumbai.
Midland Tyre Group has made two senior leadership changes to its leadership team that the well-known Irish truck and off-road tyre supplier described as “pivotal”. Chris Parle, the company’s current chief operating officer (COO), is transitioning to the role of group commercial director, with a focus on training and regional business development. At the same time, Neil O’Gorman has been appointed as COO and is said to bring “extensive experience in driving operational excellence”.
Continental Tyres is supporting “global nomad” Bobby Bolton in his attempt to drive his converted MAN truck 10,000 miles from the UK to Australia. Conti has fitted four off-road optimised HCS tyres to the truck and installed the ContiPressureCheck tyre pressure monitoring system and ContiConnect digital tyre management system, enabling remote monitoring of temperatures and pressures. Bolton will travel through more than 25 countries with his Labrador, Red, on their journey. Bolton has documented on his social media channels the preparation of his 18-tonne, four-wheel-drive overland-style truck for the hostile terrain it will encounter on the journey south. The travellers will use the load bed of the former water bowser as accommodation while on the road.
Tyrepress China has learned that the owner of the Barkley brand is looking for partners in Europe. According to Lisa Zhong, the brand owner, the products requiring European distributors include truck tyres, agricultural tyres, and radial and bias OTR tyres.
Hillhead 2024 looks ready to build on the momentum generated by its record-breaking 2022 event as leading OEMs sign up for the biennial quarrying, construction and recycling show. Event director Richard Bradbury said, “The level of interest this year has been unprecedented, and we’re delighted to be able to provide a range of new opportunities for exhibitors in our expanded Showground Pavilion.” The event often generates a good level of interest from global tyre brands and major UK tyre suppliers and servicers operating in this field.
BA Bush & Son Ltd has recruited Terry Moody as its new UK sales executive. The company said it is expanding and enhancing its existing sales team and coverage of the UK. Moody has a wealth of experience in both sales and the tyre industry and has previously worked in the OTR tyre sector. BA Bush says Moody will work with new and potential customers to communicate the company’s extensive brand catalogue, including exclusive off-road brand Ascenso Tyres. He will be accountable for growth with new customers as well as maintaining existing customer relationships, meeting customer needs and requirements.
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Triangle
Ascenso Tyres
Midland Tyre Services
The Barkley brand’s official website (Photo: Barkley)
Hillhead
BA Bush & Son