The most popular articles on Tyrepress in 2021 |
|
Halfords buys Universal Tyres and Autocentres for £15m
Halfords has extended its reach into the UK tyre retail space with the acquisition of Universal Tyre and Autocentres for £15 million. Kent-based Universal has 20 garages and 89 commercial vans operating in the South East and on the east coast of...
Read more
www.tyrepress.com
|
|
|
|
|
|
Halfords buys National Tyres and Autocare in £62m deal
Halfords is paying £62 million for National, the tyre and automotive servicing, maintenance and repair business, which operates under the National Tyres and Autocare, Viking Wholesale Tyres and Tyre Shopper brands. As a result, Halfords' garage...
Read more
www.tyrepress.com
|
|
|
|
|
|
Goodyear set to buy Cooper Tire for US$2.5 billion
The Goodyear Tire & Rubber Company and Cooper Tire & Rubber Company have made "a definitive transaction agreement" that will see Goodyear buy Cooper for roughly $2.5 billion. The combined company will have approximately $17.5 billion in pro forma ...
Read more
www.tyrepress.com
|
|
|
|
|
|
Bridgestone - 40% fewer plants by end of 2023?
Bridgestone Corporation has shared details of its Mid-Term Business Plan for the three-year period from 2021 to 2023, and this plan entails significant changes for the company's manufacturing footprint. In a presentation given by chief executive...
Read more
www.tyrepress.com
|
|
|
|
|
|
Tough ADAC summer tyre test rates only five tyres 'good'
Summer tyre tests in 2021 have highlighted the sometimes dazzling qualities of the best performing tyre products. However, the Allgemeiner Deutscher Automobilclub's (ADAC) most recent test appears to have been particularly demanding. No tyre...
Read more
www.tyrepress.com
|
|
|
|
|
|
Brand Finance: Michelin most valuable, strongest tyre brand
Following last month's preview of the 2021 report, Brand Finance has released its full Tyres 10 ranking. According to the 2021 table, the tyre sector has taken a hit over the last year, with all 10 brands losing brand value.
Read more
www.tyrepress.com
|
|
|
|
|
|
Michelin top, Conti moves up to 3rd - leading tyre companies
While the world is still adjusting to the repercussions of the Covid-19 pandemic, there has been no small measure of disruption in the standings of the world's leading tyre manufacturers, according to our latest top 25 table.
Read more
www.tyrepress.com
|
|
|
|
|
|
Toyo closes loss-making Malaysian Silverstone tyre plant
Toyo Tire Corporation is closing its loss-making wholly-owned Silverstone Berhad Malaysian tyre manufacturing subsidiary in June 2021. Established on 12 July 1986 and purchased by Toyo in 2011, Silverstone currently manufactures tyres for...
Read more
www.tyrepress.com
|
|
|
|
|
|
$250 million Ferentino tyre factory opens in Sri Lanka
Ferentino Tyre Corporation's Horana, Sri Lanka tyre factory was officially opened by Sri Lankan president Gotabhaya Rajapaksa on 14 January 2021. The facility was constructed with an investment of US$250 million and can reportedly produce 2.4...
Read more
www.tyrepress.com
|
|
|
|
|
|
Yokohama offers $2bn for Trelleborg Wheel Systems
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...
Read more
www.tyrepress.com
|
|
|
|
|
|
The top 10 UK tyre retail chains 2021
With a pandemic, an MOT extension and three lockdowns to contend with, describing the last year as "difficult" would be an understatement. Nevertheless, tyre retailers have demonstrated that they are not only key workers essential to keeping the...
Read more
www.tyrepress.com
|
|
|
|
|
|
Goodyear reaches tyre import agreement with De Klok, S&H
Goodyear and De Klok Banden have reached an agreement to increase the Dutch wholesale group's control over parallel imports, also known as "grey market" tyres. In a statement delivered exclusively to Tyrepress.com and its sister websites in the...
Read more
www.tyrepress.com
|
|
|
|
|
|
Why are ocean freight rates rising sharply?
A shortage of shipping containers and essential equipment at Chinese ports, exacerbated by fluctuating international trading environments in the Covid pandemic, has meant inflation in international shipping rates. In November, rates for...
Read more
www.tyrepress.com
|
|
|
|
|
|
Chinese government power rationing halves tyre production
As if the Covid-related troubles combined with complex shipping challenges and rising raw material costs weren't enough, Chinese government policy is now adding to the pressure on tyre manufacturers making tyres for export from the People's Republic.
Read more
www.tyrepress.com
|
|
|
|
|
|
50+ Chinese tyremakers increase prices
During January 2021 more than 50 domestic Chinese tyre businesses announced plans to increase prices. And, according to Robert Ho, marketing officer at Comforser Tire Co. Ltd., we can expect still further prices increases in February and March....
Read more
www.tyrepress.com
|
|
|
|
|
|
Pirelli 'maintaining' UK tyre manufacturing
Pirelli has reaffirmed its commitment to "maintaining industrial operations" at both its Carlisle and Burton-on-Trent UK factories after unions suggested the company was about to close its MIRS robotic production line in Burton. According to...
Read more
www.tyrepress.com
|
|
|
|
|
|
Tyre manufacturers to lose $2bn in 2021 OE revenues
Astutus Research says that the shortage of semi-conductors and other vital components will lead to $2 billion (around £1.5 billion) in lost original equipment tyre revenues in 2021. The analyst notes that demand for new cars is not a factor in...
Read more
www.tyrepress.com
|
|
|
|
|
|
10-year tyre trends show how UHP segment beat pandemic
The significant decline in revenue for global tyre makers based on headwinds from the Covid-19 pandemic was felt most keenly by companies with the greatest exposure to the consumer vehicle tyre markets. (For the effects of the crisis on...
Read more
www.tyrepress.com
|
|
|
|
|
|
How quickly is European electric car tyre market growing?
The rise of electric vehicles, continuing to set a good pace of growth in UK and European markets despite the difficulties facing new car sales over the last 18 months, is one of the central pillars of mobility's dominant megatrend, sustainability.
Read more
www.tyrepress.com
|
|
|
|
|
|
Beyond Covid-19: Buy Astutus Research Tire Market Forecasts
In the wake of the Covid-19 pandemic, demand for new cars has picked up significantly in 2021. However, the recovery in the volume of new vehicles produced, and therefore the original equipment tire market, has been held back by shortages in the...
Read more
www.tyrepress.com
|
|
|
|
|
|
Tyres & Accessories | Tyrepress.com |
|
|
|
|
|
|
