The Society of Motor Manufacturers and Traders (SMMT) has welcomed the unveiling of the trade agreement between the UK and the USA. The SMMT said the deal “should be recognized as a significant achievement” for UK leaders, adding that the deal would represent a “huge reassurance” for the country’s automotive sector.
Hubtrac Tires officially unveiled 10 new tread patterns designed specifically for the European market during the recent Autopromotec exhibition. According to the company, the showcase was “a milestone in Hubtrac’s strategic localization efforts, reinforcing its long-standing commitment to the philosophy: ‘Europe is Home.’”
The booth – double the size of its 2024 appearance at the Tire Cologne trade event – featured an open layout and a giant branded installation, designed to create a high-impact visual experience. The exhibit drew “strong interest from global buyers and partners”, company representatives reported, adding that the product launch attracted “large crowds and numerous partnership inquiries”.
Dunlop Aircraft Tyres Limited (DATL) is enhancing its manufacturing capabilities through significant factory upgrades at its location in Birmingham. DATL, which is a key player in the global aircraft tyre market, has invested £2,451,000 in capital expenditure, money which has been spent on factory upgrades including a new duplex cold feed extrusion line and a multi-phase roof cladding renovation, both designed to improve operational efficiency and sustainability, according to DATL’s most recent annual report. These upgrades come as the aviation industry recovers strongly, with Dunlop reporting a 5.4 per cent increase in turnover to £57,026,000 in 2024, driven by rising demand.
Supertracker has launched a ‘Proudly British’ campaign, which renews the wheel alignment firm’s “commitment to supporting UK garages and workshops through high-quality, homegrown engineering”.
Brett Emerson, who is currently Consumer Business Unit Director Bridgestone NV/SA (North Region) within Bridgestone EMIA has announced that he is bidding a fond farewell to the company for the third and final time, effective 31 March 2025.
Transense Technologies plc has partnered with German software firm Tiretask GmbH to release an “all-in-one tyre management solution to the UK, North America and Australia”.
According to the two companies, the collaboration introduces “a powerful, integrated tyre management system that combines Translogik’s highly respected tyre inspection tools with Tiretask’s advanced digital management software”.
Industrial tyre manufacturer Atire reports that its range of solid tyres has been certified carbon-neutral. Indeed, according to Atire, the tyremaker is “the first company in the world to launch a carbon-neutral solid tyre range.”
Following their launch in Egypt at the beginning of May 2024 and their UK debut at the end of May, Prometeon Tyre Group has started producing Prometeon-branded tyres for the UK, European and Turkish markets. On 4 October 2024, Prometeon Tyre Group launched its first Serie 02 Prometeon-branded tyres for the main European main markets, the UK and Turkey. The launch, which took place in Turkey, continues the expansion that began with the production and distribution of Serie 02 tyres in Egypt earlier this year, which was aimed at the African and Middle Eastern markets. The transition to the new product brand will be gradual in Europe, Turkey and the UK, with the new R02 line, developed for regional applications, set to be available starting from October.
Livio Magni, previously Pirelli UK CEO, has now been appointed as the new CEO of Pirelli Europe. This expanded role includes his recently assumed position of chairman of Pirelli UK. As a result, Dimitrios Papadakos has now been welcomed as the new CEO of Pirelli UK.
On 24 September 2024, RH Claydon announced that the well-known wholesaler has been appointed as amn official wholesaler of Michelin agricultural and industrial products, supporting its network of accredited Michelin Exelagri dealers. According RH Claydon representatives, the partnership will allow RH Claydon to stock “a comprehensive range of Michelin farming tyres” across the firms “eight strategically located warehouses throughout the UK, enhancing Michelin’s wholesale coverage across England, Scotland, and Wales.”
Oak Tyres, part of Oak Group Holdings, has partnered with Linglong Tire to exclusively distribute its products across the UK and Ireland. According to the company, the new partnership and extension of Oak’s brand portfolio is “a strategic move to facilitate growth, whilst reacting to increased market demand in the value tyre category”.
SharkEye, the UK manufacturer of laser wheel aligners, is teaming up with FASEP and the Garage Equipment Group (GEG) to offer 33 van-based sales and service franchise investment opportunities across Britain and Ireland. The goal is for the trio of well-known garage equipment brands to be “a major new player in the automotive sector”.
The news that the UK’s Trade Remedies Authority (TRA) has decided to recommend import tariffs of up to £110.11 per tyre on imports of Chinese-produced truck and bus tyres to the secretary of state has attracted understandable interest. A couple of days after the initial recommendation was made, Tyres & Accessories has discovered further details both of the recommendations themselves and about how tariffs came to be recalculated.
Nexen Tire has “restructured” the prices of its summer and all-weather tyres effective 1 September 2024. The move, which amounts to a price increase, will be implemented across the European market, including the United Kingdom and Turkey. It will apply to all goods ordered from that date onward.
With consumers increasingly opting for eco-friendly products, and with tyres made with sustainable materials and energy-efficient production methods – known as green tyres – fitting the bill, already-good sales levels are set to rocket in the next few years. Specifically, the so-called “green” tyre market is projected to generate annual revenue of US$85.79 billion by 2033, up from $33.68 billion in 2023, reflecting a robust compound annual growth rate (CAGR) of 9.8 per cent from 2023 to 2033. The annual green tyre market value reached $31.13 billion in 2022, with a CAGR of 8.2 per cent from 2018 to 2022. So the latest figures are projecting significant ongoing growth.
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