Trelleborg AB has been fined 9.6 million Swedish krone (roughly £750,000; 880,000 euros) by officials at Swedish stock market, Nasdaq Stockholm. Nasdaq Stockholm specifically sanctioned Trelleborg for reacting too slowly to international reporting of the – at the time – proposed sale of its Trelleborg Wheel Systems (TWS) business to Yokohama.
In addition to presenting its Adaptive Tire Management System (ATMS) at SIMA 2022, Trelleborg debuted its next generation implement tyre, the HF1000. Specially designed for increasing load capacity on large forage wagons and slurry tankers, Trelleborg HF1000 is the “perfect tyre with unrivalled efficiency for demanding applications.”
Upon officially launching its Adaptive Tire Management System (ATMS) at SIMA 2022 this week, Trelleborg comments that ATMS could “revolutionise today’s agriculture industry by increasing crop productivity while improving efficiency, alleviating the industry’s biggest challenge: feeding an ever-growing world.”
Trelleborg Wheel Systems says it has “stepped up to meet the growing demands of farmers looking to increase reliability and productivity in their ground spreading operations” with the release of its MPT100. It specifically conceived the radial for use on multi-purpose vehicles and fertiliser trucks used in ground spreading, and offers MPT100 in sizes 405/70R20, 425/75R20 and 445/65R22.5.
Mitas has expanded its Grip’N’Ride range of construction tyres with a larger size tyre for wheeled and backhoe loaders. Announcing this new addition, Mitas shares that it designed the 21L – 24 IND tyre to deliver improved performance even on softer terrain. The tyre features strengthened sidewalls for greater durability when handling increased load capacity, a tread pattern that delivers increased grip, and self-cleaning properties.
Michelin remains the world’s leading tyre company by sales turnover, but Bridgestone is close behind in one of three close battles distributed across the table. For the first time, our research ranking market-leading global tyre manufacturers in terms of sales turnover converted into euros, illustrates the impact of recent high-profile acquisitions as well as the ongoing disruption of pandemic on the wider market landscape.
Trelleborg Wheel Systems has released a new radial for earthmoving operations, the Trelleborg EMR1031. Designed to perform on the most demanding terrain, from sand to rock or extra hard surfaces, EMR1031 features a cut-resistant compound and a sidewall protector for damage protection and longer tyre life, along with a multi-surface tread design for superior traction.
Mitas’s newest two-wheeler tyre production facility in India has been formally inaugurated, following our early 2022 article that the factory was ready to commence production. The factory, which will serve global motorcycle tyre markets, is the result of a joint venture with the Mahansaria Group. The two companies are combining their expertise to bring Mitas tyre engineering into the two-wheeler tyre market. Both companies have been working throughout the challenges of the last two years, to test and produce tyres. The Mitas brand is part of Trelleborg Wheel Systems, whose sale to Yokohama for 2.1 billion euros was confirmed at the turn of the year.
Trelleborg Wheel Systems, in partnership with Agricolus, has launched a new integrated platform to provide digital solutions for smart and sustainable farming. The unified platform provides farmers with additional key information to help them increase yields and optimise farm management through a website and mobile app.
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.
Trelleborg Wheel Systems says it is looking to “significantly improve material handling operations” with the launch of its latest tyre for maximum intensity applications, the XP1000. It adds that the tyre provides customers moving materials around ports, warehouses, and shop floors with optimum traction and minimal vibration. The claimed result is greater comfort, increased safety, lower fuel consumption and a longer tyre life for more cost effective and sustainable operations. The XP1000 is also available in a non-marking version.
Trelleborg Wheel Systems (TWS) has confirmed a timetable of beginning volume two-wheeler tyre production at the SYAM Trelleborg Tires LLP joint venture factory “by early 2022” following the start of trial manufacturing last December. With the plant’s entry into operation, TWS looks forward to an increased production capacity of two-wheeler tyres that not only “contributes to consolidate market presence” in southeast Asia, a region where two-wheeled vehicles are in great demand, but also “augmenting motorcycle operations across Europe and North America.”