Multi-segment Chinese tyre manufacturer Triangle Tyre is closing in on a top 20 position in Tyres & Accessories’ chart of the sector’s leading companies, but the brand has a particularly strong presence in the OTR tyre segment, in which Triangle claims a rank of fourth. The company has distributed earthmover products within Europe for more than 15 years, with this business supported via the establishment of a regional head office in Milan, Italy in 2017. It now claims a double-digit market share in the European OTR segment, which it has achieved via the introduction of new sizes to expand its already-wide range; the establishment of new partnerships, such as its UK distribution arrangement with RH Claydon, which commenced in late 2020; and participation in international fairs, the next of which will be the UK’s Hillhead 2022 show on 21-23 June. Triangle will exhibit its latest OTR products at the Buxton quarry from stand E23.
The organisers of Hillhead 2022, a frequent meeting point for OTR tyre suppliers, have signalled the start of the countdown to the 21-23 June event with a bang. Carried out by EPC-UK, two sections of the quarry face in the Demonstration area at the north end of the site were recently drilled and blasted to produce around 30,000 tonnes of run-of-quarry stone for equipment demonstration purposes at this year’s show.
Off-highway tyre specialist BKT is reaching out to a younger demographic by opening its own TikTok channel. It launched email@example.com in March and with it aims to gain the attention of Gen Z and Gen Alpha – the age groups representing “the future of agriculture and of our planet.”
Apollo Tyres has appointed Guido Boerkamp director of its Off-Highway Tyres (OHT) division. Boerkamp joined the company (then known as Vredestein) in 1995 as a product specialist for agricultural and industrial tyres. He subsequently worked as product manager, business development manager and head of product group, before leading Apollo Tyres’ European OHT R&D division. Boerkamp succeeds Ruud Nijland who is retiring after over a decade at the company in this position.
Maxam Tire has expanded its MS915 series of tyres for modern telehandlers and graders. The all-new 370/75-28 and 400/75-28 sizes were developed for demanding conditions where high-traction is required. Maxam has manufactured the MS915 to offer a rugged and long-lasting solution for challenging construction applications.
Titan International, Inc. has entered into a definitive agreement to sell its Australian wheel business to OTR Tyres, a Western Australia-based tyre, wheel and service provider. It anticipates closing the deal on 31 March 2022.
Tyres are an essential part of mobility, but are their days numbered? One company believes that its new wheel technology can substitute the traditional rubber tyre used in mining applications and provide an alternative that is “eco-friendly, cost-effective, stronger and safer.”
Three months after we published the news, The Yokohama Rubber Co., Ltd., has confirmed that it has entered into a share purchase agreement with Swedish-based Trelleborg AB to acquire all outstanding shares of Trelleborg Wheel Systems Holding AB (TWS). According to Yokohama, TWS’s enterprise value is €2,040 million (about ¥265.2 billion). But the acquisition agreement includes a performance-linked earn-out clause, which could increase the acquisition price by up to €60 million depending on TWS’s 2022 financial results. And therefore Trelleborg refers to the sale as a 2.1 billion euro deal.
Triangle Tyre has added a new size to its TB576 mobile crane tyre line-up – 445/95R25 TB576 174F. According to the company, Triangle distributors will be able to order the newly introduced size in April 2022.
Zhongce Rubber Group (Zhongce) has acquired Tianjin United Tire & Rubber International Co, Ltd (TUTRIC), the manufacturer of the Tianli off-the-road tyre brand. The acquisition means Zhongce will expand its business into the agricultural and giant OTR tyre segments, while bolstering its already strong offering to OTR and industrial tyre markets. Established in 1985 in the coastal city of Tianjin, near Beijing, TUTRIC manufactures 35,000 tonnes of OTR and agricultural tyres per year. The TUTRIC factory at Tianjin covers an area of 480,000sqm, employing more than 1,000 people. Zhongce says the acquisition is the next step in its continued global expansion. The manufacturer is China’s largest tyre-maker, and the world’s ninth biggest in Tyres & Accessories’ 2021 ranking.
OTR tyre specialist Titan International, which owns the Voltyre-Prom tyre manufacturing operation in Russia, is bracing itself for “the potential impact of bans, sanction programs, and boycotts…” due to Russia’s recent invasion of Ukraine. However, deep in the detail of Titan’s strong fourth-quarter 2021 reports which were published today (3 March 2022), executives affirm that “the impact of the military conflict between Russia and Ukraine has not had a significant impact on global operations”.
Construction companies are increasingly considering the environmental impact of their operations and this includes their machinery choices. Legislation has driven the development of clean engines – in the off-highway sector new machines must now be built with Stage V low emission engines. Of course, battery power is also now becoming more prominent as a power source for smaller plant and equipment. So, what about tyres?
As the war between Russia and Ukraine entered its fifth day on 28 February, and as talks between the Russian and Ukrainian governments were set to take place, local news reports suggested that troops from nearby Belarus were set to enter combat. The significance for the tyre industry is that, as well as obvious and tragic implications for Ukraine and its domestic tyre business, there is now evidence that the conflict’s ramifications are reaching neighbouring countries. But where does Belarussia’s leading tyre manufacturer, Belshina, fit into this picture?