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SME Bank lends 48.7 million rubles to tyre pyrolysis firm Intech Eco

The Russian SME Bank has lent 48.7 million rubles (£497,000; 541,582 euros; US$633,100) to Intech Eco LLC, a tyre pyrolysis plant based in the Novokuznetsk industrial park, at the start of September 2020. According to local news reports the loan is for the purpose of building a large tyre disposal facility. Financing will be provided for five years under a program of Russia’s Ministry of Economic Development (according to the Russian Government’s Decree No. 1764 dated 30 December 2018). The loan is said to be secured by a guarantee from Russian Small and Medium Business Corporation (RSMB Corporation), covering up to 50 per cent of the loan amount.

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  1. Linglong Tire progressing with recycling, pyrolysis projects
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Maxam introduces 63” mining tyre

Maxam Tire has expanded its portfolio for mining applications with the addition of the largest tyre it has ever made, the MS453 53/80R63 open pit mining radial.

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  1. New Maxam tyres for port applications
  2. MAI Bringing Minextra Range to Tyrexpo Africa
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  4. Maxam shows OTR, mining, construction bias tyres at Arminera 2015
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Tyre Boss becomes official UK Techking agent

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Tyre Boss

Bridgend’s Tyre Boss has become the UK agent for Techking Tires. The Qingdao, China based tyre manufacturer is a specialist in OTR tyre segments, fitted to heavy machinery in a variety of applications. Its new UK agent has pressed on with ambitious growth and expansion plans in 2020. Its latest development follows the acquisition of two warehouses, a large tyre press and a successful ISO audit so far this year.

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  1. OBO acquires MTP Tyres Benelux distribution rights
  2. Europa Tyres main UK distributor for ATG’s Galaxy brand
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  4. Tyre Boss fits high-capacity tyre press for OTR, specialist tyres
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Yokohama investing US$165 million in new India OTR tyre factory

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ATG, Yokohama

The Yokohama Rubber Co., Ltd. is set to build a new plant at Atchutapuram Industrial Park, Visakhapatnam, Andhra Pradesh, India to expand ATG’s (Alliance Tire Group) tyre production capacity. The new plant will have a daily production capacity of 55 tons (rubber weight), with planned capital investment totalling US$165 million. Construction will start in the third quarter of 2020 and the new plant is scheduled to come on line in the first quarter of 2023.

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  1. Tyre production on the rise at ATG’s third factory
  2. Yokohama to buy ex-Pirelli commercial/industrial tyre business Prometeon
  3. New factory, more capacity: Alliance outlines India production plans
  4. Five new Alliance 585 sizes
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Tym International ceases trading, RH Claydon takes over Triangle OTR and truck tyre distribution

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Tym International

Tym International will cease trading from 30 October 2020, effectively winding up the tyre import and wholesale business specialising in Far Eastern-produced and OTR tyres. Writing in a letter dated 8 September, managing director Steve Eke explained “the decision to cease has been forced upon the company by others that control the majority of the shares in the business”. Tyres & Accessories understands that the combination of recent business pressures caused by EU anti-dumping truck tyre tariffs and then coronavirus caused major shareholders to withdraw their investment.

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  1. Triangle, TYM partnership already bearing fruit
  2. Truck tyre tariffs to cause shortages
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GRI develops Sri Lanka’s first winter OTR tyre

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GRI

GRI has developed what is purportedly Sri Lanka and the company’s first winter off-the-road (OTR) tyre for the Japanese market. Designed in collaboration with its Japanese partner, the Gripex Snow tyre is designed to withstand the winter weather and distinct terrain of Hokkaido prefecture in northern Japan. The new tyre is fitted on vehicles used in sub-zero temperatures in order to offer “optimal traction and higher stability on snow”.

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  1. GRI opens Sri Lanka off-road tyre plant
  2. Sri Lankan president attends GRI factory opening reception
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Bridgestone: customisable MasterCore tyres represent “absolute leadership” in mining sector

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Bridgestone

Bridgestone Corporation has introduced what it describes as a “revolutionary” new MasterCore off-the-road (OTR). Speaking at a press conference in Tokyo on 7 August 2020, company representatives explained that MasterCore tyres are engineered for “ultra-high durability with performance that can be customized to various mine sites and operations”. The MasterCore product line has initially launched for 63-inch tyres, with additional patterns and sizes available to customers in 2021.

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  1. Transense confirms Bridgestone cooperation
  2. Australia centre a model for Bridgestone’s global mining solutions
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Jason’s Tyres distributing Galaxy OTR tyre brand in Benelux

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ATG; Jason’s Tyres

Alliance Tire Group (ATG), A Yokohama Rubber Corporation group company, has appointed Jason’s Tyres as its Galaxy OTR tyre brand distributor in the Belgium, Netherlands and Luxembourg (Benelux) region. An OTR tyre specialist with 20 years of experience, the Jason’s Tyres Extreme division will distribute the entire portfolio of both bias and radial Galaxy OTR tyres in the earthmoving segment with immediate effect.

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  1. Yokohama wins Caterpillar Platinum Supplier Award for 5th year straight
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  4. ATG introduces latest OTR tyres for backhoe, skid steer to heavy loaders, forklifts
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Magna Tyres opens Czech Republic office

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Magna Tyres

Magna Tyres Group has opened a sales office in the Czech Republic. It said the move has been in response to demand for the Magna range of OTR ad specialist tyres in Eastern Europe. It added that it has been encouraged by “unutilised market potential in this region.” The region was previously serviced by its Polish office.

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  1. Magna supplying heavy-duty OTR tyres around the world
  2. Magna Tyres Group opens USA office
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  4. Capacity to double at Magna Tyres’ Netherlands plant – again
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Mahansaria Tyres Private Limited (MTPL) completes acquisition of EATD

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Mahansaria Tyres Private Ltd (MTPL) has completed the previously announced acquisition of a majority stake in European Agriculture Tyre Distributor (EATD). As a result, EATD has relocated its operations from Strijen, The Netherlands, to Wallenhorst in Germany.

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  1. EATD to distribute Mahansaria off-highway tyres in 8 European markets
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  3. Pirelli truck tyres separating and merging with Aeolus/ChemChina
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Trelleborg group sales relatively good, but tyre sales impacted

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Trelleborg

Trelleborg Group has reported “satisfactory” second quarter 2020 financial results “under the circumstances”, the company stated in its second quarter results. Specifically, Trelleborg Group organic sales declined 19 per cent, albeit with an improvement in the latter part of the quarter. As a result, net sales for the second quarter declined 18 per cent to 7,689 million Swedish krone. Pre-tax profits (EBIT) declined 29 per cent, corresponding to an operating margin of 12.3 per cent. At the same time, operating cash flow was strengthened “significantly”, according to the company.

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  1. Trelleborg reorganisation brings greater prominence to tyres
  2. Trelleborg: production unaffected
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  4. Trelleborg Wheel Systems Sales Down for 2009
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Michelin Germany integrates Camso sales team under Reifenwerke

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Michelin

Camso Germany’s sales team has been integrated into Michelin Reifenwerke. The manufacturer of Camso and Solideal brand off-road tyres, wheels, tracks and chain systems is now under the umbrella of Michelin Off- and Highway Transportation (OHT). Michelin acquired the Canadian company in 2018.

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  1. Michelin negotiating to acquire Camso
  2. Reports: Michelin’s Camso takeover includes Loadstar
  3. Maxam shows new solid tyre range at Recycling Aktiv show
  4. ITS distributing Camso aftermarket range in Ireland
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Pyramids Tires: $350 million Egyptian factory begins manufacturing

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Pyramid Tires

Pyramids Tires, a new tyre manufacturer based in Port Said, northeast Egypt, saw its first tyres roll off the production line on 9 May 2020. The factory currently manufactures motorcycle, forklift and agricultural tyres as part of the first phase of the plant’s development. The second phase, which is scheduled to be completed by the end of 2022, will see the company add passenger car, truck and OTR tyres to its portfolio.

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Bridgestone buys iTrack Solutions from Transense Technologies

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Bridgestone has bought iTrack from UK-based Transense Technologies for an undisclosed fee (Photo: Bridgestone)Bridgestone

Bridgestone has bought iTrack, which provides tyre management solutions for the off-the-road (OTR) market, from UK-based Transense Technologies Plc. All employees of the iTrack Solutions business will join Bridgestone as part of the acquisition. No financial details have been released.

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Vaculug celebrates 70 years of independent retreading

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As well as helping keeping fleets of commercial vehicles running with their retreads, Vaculug was also quick to show its support for the NHS, with a speedily revamped version of its external signage (Source: Vaculug)Vaculug

Vaculug, the UK’s last remaining largescale independently-owned retreader celebrates its 70th anniversary this year. And while the last edition of our bilingual Retreading Special supplement carried details of the family-focused summer fete-style party the company planned for its team in June, coronavirus and the resultant national lockdown has put paid to that. However, having started in straightened times of the post-war years, during the businesses’ seven decades of trading Vaculug is one of only a few retreaders that can say it has seen – and come through – it all: governmental changes, recessions, global financial crises and more. With all this in mind, you can see why company representatives recently tweeted: “70 years and no virus will stop us going for the next 70 and the next 70 after that!”

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  2. Vaculug names new MD, fleet appointments
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