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Luca Mai returns to Triangle Tyre as OTR director Europe

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Triangle Tyre Europe

Luca Mai has returned to Triangle Tyre in Europe to lead the Chinese manufacturer’s off-the-road tyre segment. OTR specialist Mai left his position as OTR director Europe at the end of August 2021 having joined the company in 2019. The OTR tyre expert previously spent two decades at Marangoni. He reassumed his tenure as part of the European Triangle team, managing the OTR segment, at the start of the year. Corrado Moglia, CEO of Triangle Europe said Mai’s “skills, experience, and knowledge of the sector, with the passion that sets him apart, will help us achieve our goals.”

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  1. Triangle Tyre Europe appoints UK sales director, OTR technical & sales manager
  2. Luca Mai joins Triangle Tyre as OTR director for Europe
  3. Luca Mai leaves Triangle
  4. Triangle Tyre appoints new European team
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EC provisionally reduces Chinese truck tyre tariffs to €38.87 for most manufacturers

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S. Hermann & F. Richter; Pixabay

The European Commission has provisionally recalculated anti-Chinese-produced truck tyre import tariffs to between €21.12 and €61.76 per tyre, equating to a reduction of between 0 and 51 per cent, depending on the manufacturer. Consultation on the provisional recalculation is now open until 23 January, before the final determination will be made on 25 January 2023.

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  1. Chinese tyre makers off-shoring in Southeast Asia
  2. EU publishes definitive anti-subsidy and updated anti-dumping rates
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Top 10 Chinese tyre industry events in 2022

In 2022, several significant events took place in China’s tyre industry. These things had a profound impact on the tyre industry not only in 2022, but for a long time.

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  1. Serbia open for business
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Sailun rising: China’s listed tyre companies ranked in 2022 Q3

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Sailun

Based on stock market reporting for the third quarter of 2022, the top nine Chinese listed tyre companies ranked by revenue are Sailun, Linglong, Triangle, Huayi (the holding company of Double Coin), Guizhou Tyre, Sentury, Aeolus, Jiangsu General, and Doublestar. (The leading Chinese tyre company according to Tyrepress global rankings is ZC Rubber (Hangzhou Zhongce), but it is not listed.) The figures show that Sailun has completed a meteoric rise this year to become the Chinese tyre industry’s stock market leader, with an income of more than 6 billion yuan in the quarter, putting it within reach of the global top 10 tyre manufacturers.

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  1. The top 10 listed Chinese tyre companies 2022
  2. Chinese listed tyre companies release third-quarter results
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Chinese listed tyre companies release third-quarter results

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Linglong

At the end of October, several listed companies, including Linglong, Triangle, Sailun, Aeolus, Jiangsu General, Guizhou Tyre (Advance), Doulestar and Sentury, released their operating results for the third quarter. In the third quarter, Linglong produced 17,015,900 tyres and sold 16,623,600 tyres, with a revenue of about 4.37 billion yuan (about 520 million pounds, 600 million euros) and a net profit of about 110 million yuan (about 13.1 million pounds, 15.22 million euros).

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  1. The top 10 listed Chinese tyre companies 2022
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Stapleton’s presents Triangle tyres distribution deal to dealers at PalmerSport event

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Stapleton's

In September, Stapleton’s Tyre Services became the exclusive Great Britain distributor of Triangle passenger car and van tyres. The deal, which has been in the making for the last couple of years, will build on the strengthening relationship between Triangle Tyre and the UK’s largest tyre wholesaler. It was finalised after comprehensive testing of the Triangle range by Stapleton’s and its ultimate parent company Itochu. In recent years, the company has become the largest distributor of Triangle products in Europe. Stapleton’s states that Triangle is a “strong strategic fit in the economy segment” of its portfolio. It will make the brand available to “all customers in every channel.” Unveiling the deal, Stapleton’s hosted key dealer customers and European representatives of Triangle at PalmerSport at the Bedford Autodrome. Tyres & Accessories also attended the event, taking the opportunity to speak to Stapleton’s managing director Andy Fern, who took the reigns in the first quarter of 2020 just before the Covid-19 pandemic disrupted business as usual, about the new deal and the evolution of the Stapleton’s business under his leadership.

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  1. Stapleton’s becomes Great Britain distributor of Triangle car and van tyres
  2. Blackcircles and Dmack agree exclusive UK supply partnership
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Stapleton’s becomes Great Britain distributor of Triangle car and van tyres

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Triangle Tyre

Triangle Tyre has signed an exclusive Great Britain distribution agreement with the island’s largest tyre wholesaler, Stapleton’s Tyre Services. The deal means Stapleton’s gets sole distribution rights for Triangle branded passenger car and van tyres within Great Britain, building on the strengthening relationship between the two companies. In recent years, Stapleton’s has become the largest distributor of Triangle products in Europe.

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  1. Tiresur to distribute Triangle consumer tyres in Spain
  2. Stapleton’s Moves Forward in Wholesale Market
  3. Aeolus appoints KRT exclusive UK PCR distributor
  4. Giti extends Micheldever exclusive distribution of GT Radial, Runway tyres
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Triangle Tire publishes H1 2022 results

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On 30 August, Triangle Tire published its 2022 semi-annual report, and this shows that the company achieved revenue of RMB 4.277 billion (£535.5 million) and net profit of RMB 217 million (£27.2 million) in the six months to 30 June 2022. Revenue in the second quarter of this period amounted to RMB 2.426 billion (£303.8 million), a 31 per cent increase over the first quarter; Q2 2022 net profit of RMB 159 million (£19.9 million) was 172 per cent higher than in the first quarter of the year.

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Triangle adopts “quality strategy” in Europe

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Stephen Goodchild; Tyre Industry Publications Ltd

As markets and events have reopened during the course of 2022, Triangle has hit the road in a significant way, meeting with and communicating to existing and potential customers alike at events and exhibitions across the continent including: Tire Cologne in Germany, Autopromotec in Italy and the Hillhead OTR event in the UK. Tyres & Accessories met up with executives in Germany, Italy and on home territory in order to find out more about Triangle’s latest products and its increasingly quality-focused European strategy.

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Triangle presents Diamondback PCR, Triangle commercial tyres with Italian distributor

Triangle

Triangle Tyre presented its recently developed Diamondback PCR range and Triangle-branded commercial tyres with their Italian distributor Sunebo SRL at Autopromotec 2022. Sunebo has been Triangle’s partner in the Italian market for many years, distributing its TBR and OTR tyres. At the Hall 20 booth, Triangle’s new TRD09 truck tyre pattern in the size 295/80R22.5 was most prominently displayed. The range is soon to be extended with new 315/80R22.5 and 315/70R22.5 sizes. The new regional haul tyre features extended mileage and even wear thanks to its optimised tread design and enhanced casing durability.

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  1. Triangle Autopromotec 2019 product round-up
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Latest Triangle tyres displayed at Hillhead as RH Claydon partnership grows

Triangle

RH Claydon leveraged its recently formed partnership with prominent construction tyre manufacturer Triangle at Hillhead, the UK’s largest quarrying, construction and recycling exhibition, in Buxton (21-2 June). The companies welcomed jointly visitors to their 70 square metre booth, showcasing a representative sample of Triangle’s broad portfolio of off-the-road specialist tyres.

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  1. RH Claydon, Triangle Tyre exhibit at Hillhead Digital 2021
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RH Claydon opening warehouse in Carlisle

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BKT supplier and family-run tyre wholesaler RH Claydon (RHC) has announced the official opening date of its new depot in Carlisle’s Kingmoor Park North enterprise zone. From Monday 1 August the site will be open for deliveries and collections between 8 am and 5:30 pm Monday and for collection 9 am to 12 pm Saturdays. This depot is the company’s eighth site and will allow a greater coverage of the north and border areas.

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  1. RH Claydon commences Triangle UK distribution as Tym ceases trading
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Chinese tyremakers encouraging European customers to claim back truck tyre tariff payments

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On 4 May 2022 the European Court of Justice ruled that anti-dumping and anti-subsidy tariffs imposed against Chinese produced truck tyres in 2018 must be annulled. We take a close look at the ruling and the immediate impact on retreaders and Chinese tyremakers alike from page four of June’s bilingual Retreading Special supplement onwards. But what about the tariffs charges that have already been paid? And what about the ongoing impact of the tariff annulment?

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  1. US Imposes 35% Tyre Tariff, China Plays Chicken
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The top 10 listed Chinese tyre companies 2022

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Mylene2401; Pixabay

Chinese listed tyre companies have successively released their 2021 annual reports in recent weeks. Here, Tyrepress analyses these annual reports’ comparing developments in revenue, operating conditions and overseas factory strategy. And the short story is Linglong remains the largest tyremaker amongst the top 10 listed Chinese tyre companies and that Sailun is the fastest growing.

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Triangle to demonstrate global OTR position at Hillhead 2022

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Multi-segment Chinese tyre manufacturer Triangle Tyre is closing in on a top 20 position in Tyres & Accessories’ chart of the sector’s leading companies, but the brand has a particularly strong presence in the OTR tyre segment, in which Triangle claims a rank of fourth. The company has distributed earthmover products within Europe for more than 15 years, with this business supported via the establishment of a regional head office in Milan, Italy in 2017. It now claims a double-digit market share in the European OTR segment, which it has achieved via the introduction of new sizes to expand its already-wide range; the establishment of new partnerships, such as its UK distribution arrangement with RH Claydon, which commenced in late 2020; and participation in international fairs, the next of which will be the UK’s Hillhead 2022 show on 21-23 June. Triangle will exhibit its latest OTR products at the Buxton quarry from stand E23.

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