Marangoni Group started its Franchising operations in India in mid-2018. Recently, the company established its first exclusive franchisee in North India. Manoj Tyres, an existing retreader at Kanpur, operates in one of the largest tyre markets in India in Uttar Pradesh (UP). Manoj tyres was sourcing retreading material from two leading Indian retreading companies before switching exclusively to Marangoni India. One result of the partnership is that a new greenfield facility has been commissioned with new equipment, including Marangoni’s RingTreader RT920.
Goodyear’s latest financial results show that third-quarter 2022 group sales grew 7.6 per cent to $377 million up from $5.311 billion and $4.934 billion respectively the preceding two years. According to the company, the increase was driven by pricing actions that drove revenue per tyre (excluding foreign currency) 16 per cent higher than Q3 2021 level. At the same time, sales were impacted by lower tyre volumes, which declined 3 per cent.
The South African Tyre Manufacturers Conference (SATMC) has welcomed the International Trade Administration Commission’s (ITAC) publication of provisional payments on “unfairly traded (dumped) imports of passenger, truck and bus tyres imported from China”. Provisional payments in place for a period of six months amount to 38.33 percent ad valorem. The six-month period runs from 9 September 2022 until 8 March 2023.
Continental Tyre South Africa is marking its 75th anniversary in South Africa with its sponsorship of Cars.co.za’s four-part ‘Continental Icons’ video series. Available on the Cars.co.za YouTube channel, one of the largest branded channels in South Africa with more than 320 000 subscribers, the videos highlight the tyre manufacturer’s original equipment heritage. The General Tire and Rubber Company South Africa was founded in January 1947 and acquired by Continental AG in 1998, after which it was renamed Continental Tyre South Africa. The company said the acquisition helped cement it as one of the country’s leading tyre manufacturers.
Sumitomo Rubber SA (SRSA) is following up its Dunlop Container road safety and sustainable township entrepreneurship project established in 2012 with a further training scheme. Dunlop’s Enterprise Development dealers can now apply to send their employees for training in one of four focus areas: Technical Skills, Occupational Health & Safety, Business Acumen and Sales and Customer Care. SRSA will select candidates from the applications for the fully funded training.
South Africa is currently contemplating anti-dumping tariffs for tyres imported from China, and an investigation is currently in its preliminary phase. A healthy head of steam has already built up on both sides of the argument, with the recent debate including a claim from the Tyre Importers Association of South Africa (TIASA) that the tariffs will simply result in Chinese imports being substituted for tyres from Europe or Japan. The South African Tyre Manufacturers Conference (SATMC) has issued a statement countering assertions such as this.
South Africa’s International Trade Administration Commission (ITAC) announced in January that it would look at allegations of dumping levelled against importers of tyres from China. This investigation is still ongoing, but opponents warn that if authorities decide to apply duties to these products, the cost of tyres could increase by up to 41 per cent, with price rises for transportation and essential products a knock-on effect.
Farmers and agricultural contractors in South Africa are now able to fit their equipment with the Bridgestone tyre range that’s available to their counterparts in the UK and Europe. Bridgestone’s launch offering in South Africa comprises of the VT-combine, VT-Tractor and VX-Tractor.
The South African Competition Commission tyre price fixing hearing got underway in South Africa on 28 January 2022. The Competition Commission names Apollo Tyres South Africa (Pty) Ltd; Goodyear South Africa (Pty) Ltd; Continental Tyres South Africa (Pty) Ltd; Bridgestone South Africa (Pty) Ltd; and South African Tyre Manufacturers Conference (Pty) Ltd its case and alleges that from around 1999-2007, the respondents “discussed and agreed to fix the prices of passenger, light truck, bus, off-the-road, agricultural and earthmover tyres”. This was allegedly done through the SATMC, an association for tyre manufacturers in South Africa. The respondents were members of the SATMC.
Following reports that Continental had sold its South Africa agricultural tyre production assets, company representatives have confirmed that the plant ceased operation a little more than two years ago.
Continental Tyre South Africa has sold the manufacturing assets it used to make industrial and agricultural tyres in Port Elizabeth, South Africa. Prior to the sale, Continental manufactured bias-ply and radial agricultural tyres at the Port Elizabeth location. Continental’s ongoing production operations, such as its passenger car and light truck lines, are not affected by the news.
Continental Tyre South Africa (CTSA) has appointed a new senior management team for its tyre manufacturing plant in Gqeberha (formerly Port Elizabeth). The appointment comes as Continental gears up to increase the site’s role as a supplier of light commercial vehicle tyres to global markets.
Amidst widespread economic and political unrest in South Africa, local tyre manufacturers have experienced significant disruption and even looting. Specifically, the Dunlop South Africa (formally Sumitomo Rubber South Africa Pty Ltd – SRSA) Durban Westville warehouse was “invaded” by trespassers and looters resulting in the loss of 90 million rand (£4.533 million; 5.255 million euros; US$6.190 million) of tyre stock. Such is the scale of the problem, the local tyre industry has embarked on a “say no to looted goods” campaign.