A quick glance at our recent top 10 articles of 2021 email offers a unique overview of the major themes of the last 12 months. Since most of those issues are ongoing stories, they bring with them a useful insight into some of the things we can expect in 2022 – an insight that can be summarised by these three words: acquisitions, consolidation and sustainability.
Following our coverage of Yokohama’s offer for Trelleborg Wheel Systems, the tyre and wheel manufacturer’s Swedish parent company Trelleborg AB has confirmed that “external parties have shown interest to acquire Trelleborg’s business area Trelleborg Wheel Systems”. At the same time, Titan International offered its view on third-party interest in Trelleborg Wheel Systems.
Prices for Trelleborg Wheel Systems (TWS) products will increase by up to ten percent as of January 2022. Trelleborg says the price rises apply to all TWS brands and products and is a consequence of the escalating energy, logistics and raw materials costs in all markets.
Tyre makers have a lot on their minds these days. In addition to experiencing an extraordinary couple of years that began with a virus and then mutated into a succession of rising input prices, they also need to think far beyond the traditional product development cycle. Legislation and end user expectations are driving manufacturers to explore new materials and achieve greater sustainability, while at the same time evolving technology means a growing focus upon connectivity and services. We recently caught up with Paolo Pompei to find out how Trelleborg Wheel Systems (TWS) is addressing these key issues.
On 14 December, Tyrepress.com shared information from sources who anticipate a Yokohama Rubber bid to acquire Trelleborg Wheel Systems. While the parties involved have neither confirmed nor denied such a transaction, the chairman of Titan International Inc. (TWI) has commented on a deal he apparently views as problematic.
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.
Germany’s Continental AG has signed an agreement to purchase a Trelleborg business – but this particular transaction has nothing to do with Trelleborg Wheel Systems or even tyres. The deal will see Trelleborg’s printing solutions business changing hands for an undisclosed sum. Continental says the acquisition will complement its surface solutions and printing technology portfolio, enhancing the company’s presence with industrial customers.
Sweden’s Trelleborg AB shares that its Trelleborg Wheel Systems business achieved “strong” organic sales growth during the three months to 30 September 2021, with significant growth in all product categories and in most geographies. Overall net sales were up 14.2 per cent year-on-year, to SEK 2.37 billion (£201.36 million).
Trelleborg Wheel Systems has announced price increases up to five per cent on all brands and segments. The increase will take effect in November and the company stresses that this is the last price rise for the current year. The tyre maker says it is adjusting prices in light of “continuous increases along the entire value chain in all markets.”
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 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 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.
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