RH Claydon has today become the exclusive UK distributor of Triangle truck and bus and off the road tyres. The change of distributor for the brand follows Tym International’s decision to cease trading on 30 October. The specialist tyre importer-wholesaler, in which Triangle took a strategic holding in 2013, announced its liquidation in early September. Tym’s managing director, Steve Eke, has since been appointed UK & Ireland sales director of Triangle Tyre Europe. The Chinese tyre manufacturer, among the country’s top five according to Tyrepress data, set up a new European team headquartered in Milan in 2017 under general manager Corrado Moglia. Commencing its distributorship, RH Claydon stated that it looks forward to building a strong relationship with the brand.
Tym International will cease trading from 30 October 2020, effectively winding up the tyre import and wholesale business specialising in Far Eastern-produced and OTR tyres. Writing in a letter dated 8 September, managing director Steve Eke explained “the decision to cease has been forced upon the company by others that control the majority of the shares in the business”. Tyres & Accessories understands that the combination of recent business pressures caused by EU anti-dumping truck tyre tariffs and then coronavirus caused major shareholders to withdraw their investment.
On 7 May the European Commission announced that it is implementing provisional anti-dumping duties of between 52.85 euros and 82.17 euros per tyre on new and retreaded tyres imported into Europe from China. It is a landmark move that is already having a huge impact on truck tyre markets across Europe. Tyres & Accessories spoke with TYM International managing director, Steve Eke and Triangle Tyre’s general manager for Europe, Corrado Moglia (representative examples of affected importers and manufacturers respectively) in order to find out more.
Steve Eke, 52 of Kings Lynn, will be joining the fight against prostate cancer by running this year’s Virgin Money London Marathon for Prostate Cancer UK.
On Sunday 22 April Steve will be pounding the pavements across the capital’s fabled 26.2 mile course to support the leading men’s health charity against a disease that kills one man every hour. He will be a part of Prostate Cancer UK’s 180-strong squad, all raising money to stop prostate cancer being a killer.
When Triangle senior-vice president Lin Xiaobin told Tyres & Accessories that “TYM is doing a really great job in the UK”, you can tell that it was more than just encouraging words. TYM International’s sales (of which the Triangle brand tyre sales represent a large part) have totalled some US$40 million over the last three years. But to give some impression of the growth arc, 2013 sales are said to have generated $13 million alone.
So while production capacity and scale can be impressive, what most Chinese-based tyre manufacturers have failed to do is establish themselves as makers of quality products that command quality prices around the world. With this in mind, the fact that Triangle appointed a new global marketing vice-president (a European ex-Goodyear man Jenner Powell) in the middle of 2013 suggests that the company is taking steps to elevate perceptions of its products and consistently communicate its strengths to the market.
Various news sources are reporting that leading Chinese domestic tyre manufacturer Triangle Tire is taking its international operations to the next level with the investment of some 250 million euros in a new tyre factory in the Western Russian Republic of Bashkortostan. The unconfirmed reports suggest that the new plant will be built in one of two areas near Sterlitamak and that the government is offering Triangle a subsidy that will save the company as much as 10 years’ property tax.
Triangle and TYM International have jointly announced the Chinese tyre manufacturer’s purchase of a 10 per cent share of its UK distributor’s business. TYM International general manager, Steve Eke and Triangle Group board chairman, Ding Yuhua exchanged documents during the Triangle Group’s 2013 Global Business Summit at the Pudong Shangri-La Hotel, Shanghai on 18 May. The purchase is currently subject to ratification by the Commerce Department of the Chinese Government, though both parties are confident that the deal will proceed smoothly. This year marks the tenth anniversary of TYM’s distribution of Triangle passenger car, truck and bus, and off-the-road products and Eke told Tyrepress.com that he was very pleased to have converted “the customer-supplier relationship into a partner relationship.”
TYM International is signing up to Cameo from CAM Systems to go live at the beginning of January 2013. The purchase of the Cameo suite is intended to enable the Norfolk-based tyre wholesaler to meet customer requirements by delivering transactional efficiencies through real-time reporting and management views as well as streamlining its processes to reduce its reliance on paper, thereby saving costs.
Norfolk-based tyre business TYM International has secured its continuing relationship with leading Chinese tyre manufacturer Triangle Tyres. The deal was sealed following meetings between TYM International general manager Steve Eke and Triangle senior vice president and international export director Lin Bin at the manufacturer’s Weihai, Shandong Province headquarters at the end of November. Furthering a relationship that first began in 2004, the agreement sees the two companies aim to develop their growing mutual business in the UK earthmover, truck and passenger car tyre segments.
Tym International has continually improved its truck tyre sales in the last five years, by an average of 41 per cent. This year the company proudly boasts that Triangle brand sales are already up 72 per cent on 2006. Another key part of the company’s offering is its range of Matador truck tyres, which company representatives say can be sold on “name, reputation and quality.” The Matador portfolio starts from the 205/75R17.5 through to 385/65R22.5. The company produces three patterns on most sizes in both drive and steer fitments to meet the needs of customers.
Four years ago, Tym International was invited to discuss importing products produced by the Triangle Tyre Corporation. Like Matador, Triangle’s range is said to be comprehensive to the needs of the UK.
TYM is the only UK company to sign a three-year agreement for 2007, 2008 and 2009. Steve Eke (General Manager) informed Tyres & Accessories: “We at TYM International are continually impressed with the level of commitment Triangle has and with that and the depth of knowledge they have on their products, it is no surprise that the company, indeed the whole of the Chinese economy, is thriving the way it is.”
A new trading name has entered the UK tyre market with the launch of Tym International, formerly known as Motokov UK Limited. Following a management buyout of Motokov’s tyre operation, Tym International tyre division will continue to import brands into the UK from the existing headquarters in Kings Lynn, Norfolk.