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Trelleborg – Higher Q2 2021 EBIT despite rising raw material costs
Trelleborg Wheel Systems enjoyed strong year-on-year organic sales growth in the three months to 30 June, reports parent company Trelleborg AB. The division noted marked growth in sales of its tyres for agricultural machinery in most markets. Sales of tyres for materials handling and construction vehicles were also significantly higher than in both the preceding quarter and the same period of last year.
Trelleborg reports ‘strong’ second quarter as agri tyres lead pandemic bounce
TrelleborgTrelleborg has reported a strong second quarter, representing both large sales growth on 2020’s Covid-19 affected second quarter and significant sales growth on the same period in 2019. The company’s three business areas – Industrial Solutions, Sealing Solutions, and Wheel Systems – contributed to this growth, with sales of agricultural and materials handling tyres notably showing a “significant upturn”. However, spiking raw materials costs in the tyre segment have simultaneously affected Trelleborg’s margin on such products. The manufacturer expects gradually implemented price hikes to offset these additional costs.
Trelleborg doubles range available via its Lydney wheel systems warehouse
TrelleborgTrelleborg Wheel Systems has taken steps to expand its stock and warehousing operation in Lydney, Gloucestershire in order to offer faster shipping across the UK. According to the company, the site previously only held Trelleborg’s range of material handling and earthmover tyres. Now it houses the Trelleborg’s entire range of agricultural tyres, allowing the company to store twice as many products and offer immediate delivery on a wider variety than ever before.
Trelleborg Wheel Systems increases tyre prices by up to 8%, rims up 20%
At the end of May 2021, Trelleborg Wheel Systems it is increasing the prices of its tyres globally by up to 8 per cent. Prices for rims will be increased by up to 20 per cent. The price increase is effective immediately “across all brands and segments”.
Customised Trelleborg tyres for Valtra’s anniversary T Series
Trelleborg Wheel Systems is celebrating the 70th anniversary of tractor and agricultural machinery manufacturer Valtra with its tyre personalisation service, YourTire. Among the initiatives to honour Valtra’s milestone, Trelleborg has employed YourTire to create bespoke TM1060 tyres with Valtra’s anniversary logo. These tyres will be fitted to a limited-edition version of the Valtra T Series tractor released to celebrate the occasion.
Trelleborg opens virtual tyre showroom
Trelleborg Wheel Systems has opened a new showroom that won’t be troubled by lockdowns or other unexpected disruptions. The new Trelleborg virtual showroom enables visitors to “enter the world of Trelleborg tyres to explore its products and smart solutions up close, at any time and in any place.”
50 by 25 – Trelleborg announces CO2 reduction target
The parent company of tyre maker Trelleborg Wheel Systems has launched a new climate goal, which it calls ‘50 by 25’. This is Swedish firm Trelleborg AB’s aim to reduce its CO2 emissions relative to sales 50 per cent by 2025. It will pursue this goal in conjunction with a vision statement to achieve complete climate neutrality, or net zero emissions, in its own operations by the end of 2035.
Trelleborg expands EMR radial range for loaders and dumpers
Trelleborg Wheel Systems is gearing up to release the newest additions to its EMR range of earthmover radial tyres for critical construction applications. Further sizes within the EMR 1042 and EMR 1051 ranges will be released into the market in early 2021.
Trelleborg Brawler HPS gains Comfort line
Trelleborg Wheel SystemsTrelleborg Wheel Systems has expanded its Brawler HPS (High Performance Solid) Telehandler Tire range to include the Comfort line, which offers tyres engineered to reduce vibration and improve the driving experience of telehandlers and compact wheel loaders in waste and recycling applications. The manufacturer says this new line of solid tyres maximises ride comfort, while delivering the best possible performance in demanding environments.
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.
Trelleborg launches next-generation PS1000 material handling tyre
Trelleborg Wheel SystemsTrelleborg Wheel Systems has launched the PS1000 material handling tyre. The manufacturer calls the tyre a next-generation, superior-quality, press-on solid forklift tyre. It incorporates TWS’s Pit Stop Line innovation, specialised compounds, and a new design to guarantee uptime, efficiency and safety for operators while reducing total cost of ownership and environmental impact.
Blue Skies: Trelleborg’s environmental investments in China
Trelleborg Wheel SystemsTrelleborg Wheel Systems is implementing new environmental measures at its facilities in China. These measures are linked to the country’s “three-year action plan for Blue Sky protection” to reduce air pollution, as per the 2016 Paris Agreement within the United Nations Framework Convention on Climate Change.
Trelleborg group sales relatively good, but tyre sales impacted
TrelleborgTrelleborg 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.
