Vaculug’s second Sustainable Thinking Fleet Forum of the year is officially sold out. Vaculug representative report that they are “excited to be hosting this exclusive event, as it demonstrates their commitment to promoting sustainability and driving positive change within the tyre industry and fleet management sector”.
Vaculug has raised financing from Queens Road Capital in what the company describes as a world-first Sustainability Linked Financing Package (SLFP) for any retreading company. Vaculug will use these proceeds to fund its significant expansion and growth.
Craig Rudkin has been promoted to the position of national accounts director at Vaculug. Rudkin has been part of Vaculug for 31 years and has experience in many aspects of the business. According to the company, this appointment comes at a time when Vaculug is experiencing “major growth and making investments in strengthening the…team ready for another successful year.”
On 1 September 2022, the global crypto currency market was valued at a trillion dollars, but that figure actually peaked at $2.8 trillion in November 2021. And therefore, whichever way you look at it, cryptocurrency is now a huge economic entity in its own right. With roughly 38 and 18 per cent market share respectively, Bitcoin and Ethereum are the two largest out there. Digital currencies bring with them two main features that suggest they are the future: Firstly, because they work on highly encrypted blockchain networks outside the established financial system, they offer the potential for greater efficiency and securing; and secondly, the operate as decentralised entities, taking governments and state banks out of the equation and empowering businesses and individuals with the margins that were only previously available to banks.
Vipal and one of its “most solid partners in Europe”, Vaculug celebrated the success of their partnership on 10 September by holding a Brazilian Day. The festive event promoted integration between Vaculug and the Vipal Rubber commercial team and was held at the headquarters of Harrowby United Football Club, in Grantham. The meeting also commemorated the bicentennial of Brazil’s independence, celebrated on 7 September. During the festivity, participants enjoyed a barbecue and played football, pool, and darts. Everyone was given a t-shirt prepared especially for the event in the colours of the Brazilian national flag.
During June Vaculug invited partners, suppliers and media to a high-profile event in Oxford based at the former prison (now Malmaison hotel) and including an exclusive dinner within one of the Oxford University colleges. The overall message is clear, the company is not only reaching out in the increasingly post-Covid environment – its growing team of experienced key industry personnel is positioning itself to capitalise on the company’s status as one Europe’s largest independent tyre retreaders.
Vaculug Limited has become the first retreader to pledge alignment to the Tire Sector SDG Roadmap, the WBCSD Tire Industry Project (TIP) framework for action that “outlines impactful pathways” for the entire tyre sector in relation to the United Nations’ Sustainable Development Goals (SDGs).
Probably a world first for Vaculug – the laregest independent retreader in Europe will now accept Bitcoin and Ethereum for all payments for tyres and related services. Vaculug will also sign its PPK and PPV fixed price contracts in CPK (Crypto per Kilometre) and CPV (Crypto per Vehicle) formats if customers want to fix or link their contracts to the price of Bitcoin or Ethereum.
Tructyre founder Glenn Sherwood is the new Chief Growth Officer at Vaculug. In this role, he will be responsible for the firm’s new growth initiatives both on the fleet side as well as the technology and product side of the business.
Following the news that Goodyear has retained the UK police fleet tyre contract, Tyres & Accessories contacted Crown Commercial Services in order to confirm which other tyre firms have succeeded in winning their part of the two government tyre supply contracts which together are worth an estimated £200 million.
Vaculug is introducing a new dealer network strategy from 1 August 2021 onwards. According to the company, the new strategy focuses on “developing new and innovative products and dealer initiatives that provide an advantage to the network in the sales process of Vaculug range of products.”
Grantham-based retreader Vaculug has achieved a world-first with the launch of its KT01. Testing at the Applus+ IDIADA testing ground in Spain has verified that this latest addition to the Vaculug portfolio has a lower rolling resistance coefficient than is required for a new tyre to gain an EU label rating of A for this criterion.
Vaculug has signed an exclusive five-year agreement with CAM International, which will allow its service partners subscribed to the e-jobsheet tablet app for truck, bus, van, industrial and car fleet work to be integrated with its systems via the TiDaeX platform.