Maxion Wheels has joined non-profit bodies the Aluminium Stewardship Initiative (ASI) and ResponsibleSteel, and claims as such to be the first wheel manufacturer to become a member of these organisations committed to the responsible sourcing, production and use of aluminium and steel.
When the going gets tough, diversify. This strategy helped storage systems specialist Arcom weather the storms of the past two years. The Polish company is once again enjoying strong demand, both within the tyre industry and beyond. We caught up with sales manager Marcin Smulski during The Tire Cologne to find out more.
The latest report on the wheel balancing weights market by Persistence Research values the market at US$ 420 million in 2018. According to the report, it is anticipated to reach a value of US$ 750 million by the end of 2029, influenced by the cyclic trend of the automotive industry and new product launches. The wheel balancing weights market is expected to grow at a moderate compound annual growth rate (CAGR) of 6 per cent during the period.
In mid-June US president Donald Trump announced plans to impose 25 per cent tariffs on US$50 billion worth of Chinese goods. However, the above round of tariffs was actually an additional wave that followed as part of the Trump administration’s ongoing trade war with China. Steel is at the centre of this dispute, with President Trump suggesting that China is dumping steel in America. But now US tyre cord makers could close due to steel tariffs.
Vacu-Lug is supplying Kress Slab Carriers, which make up the heavy end of its customer’s 70-strong vehicle fleet operating from a steel works in Wales. Operating around the clock, the Kress Carriers transport steel slabs within the steel production plant which, together with its sister plant, elsewhere in Wales is capable of producing upwards of 5 million tonnes of steel slab per annum.
According to the company, the Kress Carriers are fitted with front, 37.25-35 and rear, 4000 x57 Yokohama tyres, each of which is supported by a ‘cradle-to-grave’ inspection and reporting process carried out by Vacu-Lug.