Norwegian tyre business Norgesdekk has bought 67 per cent of the shares of Valla Dack AB as part of a move into the Swedish market. The Swedish business, which turns 40 this year, had a turnover of more than SEK 190 million in 2021 (£15.444 million; 18.330 million euros).
Scandinavian Enviro Systems (Enviro) has received approval as an intermediate for its pyrolysis oil according to EU chemicals regulation REACH, and will thus now execute the previously announced order for pyrolysis oil to the subsidiary of a leading US oil firm. The company also reports it has gained an environmental permit for the planned recycling plant in Uddevalla, Sweden.
Product testing at the Pirelli Sottozero Centre in Lapland, Sweden is now taking place in summer as well as winter. Pirelli says it switched the facility to year-round testing in response to increased demand for product development on both wet and dry roads, particularly for all-season and winter tyres. The team at the Sottozero Centre recently wrapped up its winter test programme for the season and is now beginning the summer programme.
In its recent test of ten summer tyres in the performance size 245/40 R19 98Y, Auto Bild reports that an original equipment tyre tested “by chance” alongside the aftermarket models delivered an “alarming result” in the wet braking test. Elaborating on this strongly worded evaluation, the motoring magazine explains that the OE specification tyre had been tweaked for optimally low rolling resistance – and thus minimal fuel consumption and CO2 emissions – at the expense of stopping distance on wet roads.
Yokohama Off-Highway Tires (YOHT) has an additional partner in Sweden. In addition to its four-decade old strategic partnership with NDI, the tyre maker is now also working with Broson Wheels. Introducing its new partner, YOHT shares that Broson Wheels is the “market leader of the OE2 business and leading supplier of tyres, rims, wheels and accessories for off-highway vehicles in Sweden.”
Swedish retreader and tyre distributor Colmec Group has appointed former vice-president Patrick Sjölin to the position of chief executive officer. He succeeds company owner Peter Eckerström, who will now support the organisation as a senior advisor and chairman of the board. At the same time, Mats-Johan Adner joins Colmec as its head of sales for all markets in which the company is present.
Scandinavian Enviro Systems shares that it has received a recovered pyrolysis oil order worth SEK 2 million (approximately £158,000) from the subsidiary of a leading US oil company. The purchaser hasn’t been named but Enviro describes it as “one of the five largest oil companies in the US.” The oil company intends to carry out production tests with the oil at one of its refineries in Europe, with this testing determining the oil’s suitability as feedstock for producing various biofuels.
Swedish tyre wholesaler is now the exclusive distributor of the Vredestein range of car, light commercial and classic tyres in Sweden and Finland. Apollo Tyres will end direct sales to retailers of these Vredestein tyre categories as of 1 March 2022 and instead actively support Amring in further building the brand’s market share in these two markets. Apollo Tyres Nordic AB will continue selling Apollo TBR and OHT products directly in all Nordic markets.
With the appointment of Fredrik Alpner as Site Manager for its plant in Åsensbruk and future facility in Uddevalla, Swedish firm Scandinavian Enviro Systems says it has made a “strategic recruitment”. Alpner will take office in mid-April and initially work as site manager of Enviro’s Åsensbruk plant. Enviro intends for him to later assume responsibility for the future plant in Uddevalla in the role of site manager.
Yokohama Tire has bid around $2 billion for Trelleborg Wheel Systems in a move that could further expand the Japanese company’s growing off-highway tyre business. Sources close to the bid told Tyres & Accessories that Yokohama is currently in a due diligence process that is likely to be completed during the next month or so. Yokohama previously bid for Prometeon, the ex-Pirelli industrial/off-highway tyre business at the end of 2019. Despite ongoing discussions over the following year or so, that deal wasn’t completed. Yokohama appointed the former global head of Prometeon, Gregorio Borgo, as its European president earlier this year. Trelleborg Wheel Systems executives declined to comment on the reports.
A business that claims a nearly endless market to conquer with projected EBITDA margins approaching 70 per cent is either deluded or on to a good thing. And as the deluded don’t receive substantial investment from firms such as Michelin, the latter must apply in the case of Scandinavian Enviro Systems (Enviro). The company aims to be the leading player in the circular economy for tyres and wants to secure a 15 to 30 per cent share of the global market for recovered carbon black. The UK is tipped to be an early beneficiary of these ambitious growth plans.
The Board of Scandinavian Enviro Systems (Enviro) decided today on the final location for establishing its previously announced recycling plant in Uddevalla, Sweden, and also approved the company’s environmental permit application. The company intends to formally submit the application this Friday and anticipates that the application process may take up to one year.
Valla Däck AB; Norgesdekk
Trelleborg
Niso Tech