Made from 65 per cent recycled and biomaterials, the TM1 Eco Power is described as “a testament of…on-going commitment to a more productive and sustainable future for agriculture, aiming at decreasing fossil fuel dependency and increasing product circularity, while vastly improving customer’s operational performance”. Engineered for the new generation of electric tractors, the TM1 Eco Power tyre “prioritises sustainability” and but also features ultra-low rolling resistance properties for low energy consumption.
In May, Yokohama officially completed the acquisition of Trelleborg Wheel Systems. As a result, the well-respected off-highway tyre and wheel manufacturer rebranded as Yokohama TWS. With any acquisition, questions of integration are front-and-centre. In Yokohama’s case, the previous acquisition of Alliance Tire Group, which now runs under the Yokohama Off-Highway Tires (YOHT) banner, brings with it further questions relating to the integration of the businesses and their respective brand portfolios as well as how the different operations will be organised and practically structured in relation to one another. With all this in mind, Tyres & Accessories recently spoke to Paolo Pompei, president and CEO of Yokohama TWS, in order to hear the latest on the integration process.
Next month, the Steinexpo raw materials and building materials industry trade fair returns after a long absence. Around 400 brands are expected to be present at the show in Germany from 23 to 26 August, including a number of familiar names.
As of today (2 May 2023) The Yokohama Rubber Co. Ltd. has completed the acquisition of Trelleborg Wheel Systems Holding AB (TWS), the Swedish off-highway tyre (OHT) manufacturer, news of which we broke on 14 December 2021 and was confirmed three months later on 25 March 2022. Following the successful completion of regulatory requirements, the combined business will now be known as Yokohama TWS and Yokohama Rubber’s consolidated accounts will include TWS business from the second quarter of the 2023 financial year.
Trelleborg CX940 is a new tyre for equipment such as reach stackers, straddle carriers and top picks. Trelleborg Wheel Systems says the tyre is “made for maximum resistance in handling high intensity jobs” and reports that it “brings greater stability and comfort to operators.”
At the start of April, Richard Lyons became executive managing director of Kumho Tyre UK. Lyons joins the company after roughly seven years with Trelleborg Wheel Systems in a variety of roles, latterly as managing director UK and Ireland. Before that, Lyons spent around 11 years with Giti where he oversaw significant growth at the company and rose to the role of managing director Europe and director – International sales and marketing, passenger car.
As of this morning, The Yokohama Rubber Company has received clearance from all relevant authorities to acquire the Trelleborg Wheel Systems business from Trelleborg. The final hurdle, approval by the Competition and Markets Authority in the UK, has now been cleared and Yokohama and Trelleborg can begin finalising the necessary documentation required to formally close the transaction.
On 24 March, the European Commission granted The Yokohama Rubber unconditional antitrust clearance to acquire all outstanding shares in Trelleborg Wheel Systems. The Competition and Markets Authority in the UK is currently reviewing the proposed acquisition and will announce its decision soon.
Trelleborg Group has moved its 2023 Capital Markets Day from 21 March to 23 May. We don’t normally report on such perfunctory announcements, but the reason for the above postponement is what makes this particular news of greater interest. According to an official statement published on 9 March, the reason is that “the divestment of group’s tyre operation” that is Trelleborg Wheel Systems (TWS) “is not yet finalized”.
Trelleborg TM900 High Power is the tyre of choice for the Magnum Black limited-edition tractor which Case IH created to celebrate 20 years of the line’s production in Brazil. The agricultural equipment manufacturer launched the tractor this week during the Show Rural agricultural exhibition in Brazil. Magnum Black wears TM900 High Power tyres in 600/70R30 at the front and 800/70R38 at the rear.
Following the news that the UK Competitions and Market Authority (CMA) has opened an investigation into Yokohama’s acquisition of Trelleborg Wheel Systems (TWS), Trelleborg representatives have clarified that – in their view – “…there are no reasons why this deal should not be approved.”
The Competition and Markets Authority (CMA) has opened an investigation into the proposed merger of Yokohama Rubber Co. Ltd of Trelleborg Wheel Systems Holding AB (TWS). Writing in a statement published on 31 January, CMA officials stated that “pursuant to section 96(2A) of the Act that the merger notice provided by Yokohama [and TWS]…” meets “the requirements of section 96(2) of the [relevant] Act.” In other words, the CMA investigation is a formality for a merger of this kind.
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.”