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Slight delay for Yokohama Rubber’s Trelleborg Wheel Systems acquisition

Trelleborg Wheel Systems will soon have a new owner, but not as soon as first announced. The Yokohama Rubber Co., Ltd. now anticipates completing its acquisition of all outstanding shares in Wheel Systems Holding AB in the first half of 2023, rather than during the originally planned second half of 2022. Narrowing this timeframe further, Trelleborg Group says its divestment of the business is “likely in the first months of the year.”

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Trelleborg appoints Olsson General Counsel

From the end of the second quarter of 2022, Katarina Olsson will succeed Charlotta Grähs as General Counsel of the Trelleborg Group. Grähs is stepping down from her position at Trelleborg to take a similar role at another company.

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Mitas raising two-wheeler, specialty tyre prices

Trelleborg Group brand Mitas has announced price increases for its motorcycle, scooter, go kart, trailer and aircraft tyres, as well as for its complete range of tubes and mousses. This increase, the second for 2021, takes effect from 1 October 2021 and is being implemented due to “significantly higher prices of raw materials and logistic services across the industry.”

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Trelleborg divesting Czech technical rubber business

Trelleborg Group has signed an agreement to divest a technical rubber products operation. It is selling the company, which has its main business located in Nachod, Czech Republic, to Kaprain, a Czech investment group.

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New Mitas EX-01 radial excavator tyre

The Trelleborg Group has launched a new Mitas-branded excavator tyre. It says the EX-01 is the first Mitas radial for wheeled excavators and features a non-directional tread pattern and reinforced sidewall construction exclusively designed for dual mounting systems.

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Mitas HC 3000 R for self-propelled slurry tankers

Trelleborg Group has made a new addition to the Mitas HC (High Capacity) radial tyre portfolio with the introduction of the HC 3000 R. Boasting the largest-ever tyre in the Mitas HC range – the VF 1000/65R32 CFO – the HC 3000 R tyre features Very High Flexion technology and rounded shoulder sections, denoted by the ‘R’ in its name.

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Trelleborg appoints Romberg SVP of combined Communications/HR function

Trelleborg Group has named Patrik Romberg its new senior vice president of Communications and Human Resources. Romberg, who joined the company in 2006 and has served as senior vice president of Communications since 2011, will initially hold this new position in conjunction with Paolo Astarita, Trelleborg Group’s current senior vice president of Human Resources. Astarita will then transition to an advisory role within the group upon his retirement.

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Mitas adds junior enduro sizes

Junior fitments are joining the Mitas extreme enduro tyre range. These new sizes have been developed for use on motorcycles with engine displacements of 50cc to 85cc, and Mitas says they “ensure incredible grip and stability in all conditions the rider can face in extreme enduro.” The Trelleborg Group brand adds that the tyres are suitable for riders of all levels of competence, from novices to competitive riders, due to their “excellent handling characteristics and grip.”

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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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