Agricultural and Industrial Tyres

Giti Tire’s successful start to the shortened 2020 BTRC truck racing season continued at Snetterton (September 19-20), securing four podium finishes in five races. 

PALATINE Private Equity, the leading mid-market private equity firm, has completed the maiden investment from its fourth buyout fund (Fund IV) with the acquisition of a majority shareholding in NRG Fleet Services Ltd, a fast-growing provider of specialist services to the commercial vehicle sector. 

DSV Road Holding NV has signed a 5-year contract with ZC Rubber Group Co. for the exclusive distributor rights to sell Westlake tyres in Denmark, Norway, Sweden & Finland.  

UK light commercial vehicle (LCV) registrations decline by -16.1% during the traditional ‘quiet’ month for registrations. 19,407 vans registered as businesses await plate change month and clarity over economic outlook. YTD sales down -36.4%, equivalent to almost 90,000 units. 

New bus and coach registrations fall -77.1% in Q2, with 328 vehicles joining UK roads. Single-deck demand plummets -93.3% to just 51 units, down from 757 last year. 1,731 vehicles registered in first six months, down -34.6% year on year. 

UK heavy goods vehicle market shrinks by -73.4% in second quarter. Markets for both rigid and artic trucks in decline, with a total 4,151 vehicles joining UK roads. Year-to-date demand halves, down -51.4% with just 13,344 vehicles registered in the first six months. 

Michelin has extended its X Multi truck tyre range, popular for regional haulage, with the addition of 315/80 R22.5 X Multi Z (multi-position) and X Multi D (drive) fitments. It is also introducing two new 385/65 R22.5 high load carrying capacity tyres: the X Multi HLZ (multi-position) and X Multi HLT (trailer), primarily for logging trucks and crane-mounted tractor units. 

July production up 3.6%, with 5,234 commercial vehicles manufactured, giving manufacturers a glimmer of hope. The uptick is largely due to orders from Europe, with 53.4% of all units produced in July destined for EU markets.  

MAXAM presents the all-new MS453 53/80R63 open pit mining tire to their range of large mining tyres. 

The Yokohama Rubber Co., Ltd., announced that it will build a new plant in India’s Special Projects Zone, Atchutapuram Industrial Park, Visakhapatnam, Andhra Pradesh for the purpose of expanding production capacity of Alliance Tire Group (ATG), a Yokohama Rubber Group company engaged in the manufacturing and sale of off-highway tyres.