Online Tire Market Business Growth Statistics and Key Players Insights: Michelin, Bridgestone, BF Goodrich, Goodyear, Hankook

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Online tire sale platform
The online retailing helps in reaching out too many consumers without launching stores and this results in cost benefits which are ultimately passed on to the customers. Moreover, increasing spending on e-commerce platform by OEM’s due to high internet penetration rate will drive the online tire market during the forecast period as well.

Read the source article at openPR.com

Tyre maker Michelin confirms 2018 guidance despite China slowdown

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Tyre makers such as Michelin and its rivals Continental and Goodyear have been hit by weaker demand in China, whose economy has been slowing, and the impact of adverse foreign exchange movements and commodity prices.

But Michelin said growth in Europe and north America meant it would stick to its overall 2018 financial targets.

Xavier Caroen, an analyst at French brokerage Bryan Garnier, said the statement would reassure investors that the French company had not been as badly affected as other tyre makers.

Read the source article at Stock Market Quotes and News

Michelin launches new harvester tire, just in time for North American harvest

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Farmers are using ever-larger machines to perform at high-load capacities while maintaining low pressures in the field. The Michelin CerexBIB 2 with IF and VF CFO+ designations are said to innovatively push the load and pressure limits for combine harvesters and other large harvesting equipment. CerexBIB 2 is available now in nine front sizes and seven rear sizes.

Read the source article at Tire Technology International

Pirelli, Hankook bid for F1 contract; Michelin opts out

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PARIS — Pirelli Tyre and Hankook Tire Co. Ltd. have submitted bids to the Federation International de l’Automobile (FIA) to be the race tire supplier for Formula 1 racing for the 2020-23 seasons.

Read the source article at Tire Business

Michelin warns of job cuts at UK plant amid cheap tires’ influx

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Dundee, Scotland – French tire maker Michelin has warned of potential job cuts at its tire production plant in Dundee amid “extremely challenging trading conditions”.

In a 10-Sept statement, Michelin said it expected the plant’s output to fall “significantly below capacity” from 6.2 million units in 2017 to a maximum of 5.4 million per year over the next three years.

The company has cited an “influx of cheap tires from Asia and falling demand for smaller premium tires” for the decline in output.

Read the source article at European Rubber Journal

Michelin announces new roles for Couasnon, Bonardel

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As of 5 September, Pascal Couasnon has succeeded Alexandre Taisne as director of its Mobility Experience business line, a role he will carry out in addition to his supervision of the Motorsport business line (Competition). Matthieu Bonardel, formerly director of the Michelin group’s Connected Tires department, is Michelin’s new Motorsport director. He will act in this capacity under the supervision of Couasnon.

Read the source article at Tyrepress

People: Michelin announces management change

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Clermont-Ferrand, France – Groupe Michelin has announced the appointment of Pascal Couasnon as director of the mobility experience business line, effective 5 Sept.

The French tire maker said in a 4 Sept statement that that Couasnon will replace Alexandre Taisne while also maintaining the supervision over the motorsport business line which he is currently directing.

Read the source article at European Rubber Journal

Michelin restarting production at US giant OTR tyre plant

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According to local news sources, the Michelin earthmover tyre factory in Starr, South Carolina will reopen today. The Anderson Observer writes that the facility’s reactivation will be made official at an event held at the plant today.

Read the source article at Tyrepress

Michelin launching 2nd-generation CerexBIB for harvesters

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BOONE, Iowa — Michelin North America Inc. is launching a second-generation of its CerexBIB low-ground-pressure combine/harvester tire, the CerexBIB 2, which Michelin claims offers the best load capacity/lowest ground pressure on the market.

Michelin said the launch of the CerexBIB 2 at the Farm Progress Show in Boone is in response to the rising use of larger combines on farms throughout North America. The company is rolling out the new line in nine front-axle sizes and seven rear-axle sizes.

Read the source article at Tire Business

Michelin Tweel now available for select Mean Green Mowers

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Michelin’s X Tweel line is now available on select Mean Green Mowers ─ makers of the first all-electric, zero-turn-radius (ZTR) commercial mower.

The Mean Green Stalker stand-on ZTR model will be equipped with Michelin X Tweel Turf 18-inch drive wheels and 13-inch caster airless radial tires, and the CXR-60 ride-on ZTR will be fitted with Michelin X Tweel Turf 18-inch drive wheels.

Read the source article at Traction News