Yokohama Tire Receives Platinum Supplier Award from Caterpillar for 7th Straight Year

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Yokohama Tire Corp. has earned Caterpillar’s premier supplier award for the seventh consecutive year. The award – Platinum Level Recertification in its Supplier Quality Excellence Process (SQEP) – went to Yokohama’s factory in Onomichi, Japan. The plant produces OE and replacement off-the-road (OTR) tires for a wide range of equipment.

Read the source article at Tire Review

OTR tires at heart of Ponzi scheme that cost investors $50 million

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COLUMBUS, Ohio — An Ohio man has agreed to plead guilty to orchestrating a Ponzi scheme involving OTR tires that defrauded at least 46 investors of an estimated $50 million.

Read the source article at Tire Business

Goodyear to upgrade, expand Luxembourg tire plant

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Munich, Germany — Goodyear has disclosed plans to invest $36 million to increase production of OTR tires and make process improvements at its factory in Colmar-Berg, Luxembourg.

Goodyear announced the investment during Bauma construction industry trade fair in Munich, where it’s an exhibitor.

“The demand for premium OTR tires continues to grow worldwide, ” said David Anckaert, vice president of Goodyear’s commercial tire business in Europe.

Read the source article at European Rubber Journal

Continental to Showcase ContiLogger Cosultancy Concept at 2019 Bauma

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Continental will be showcasing its latest ContiLogger consultancy concept that incorporates tires, hardware, software and data in an innovative service concept, at this year’s bauma in Munich.

The event is to take place from April 8 to 14 in Munich. The Contilogger consultancy concept allows Continental to effectively link the company’s expertise and its end user even more closely.

ContiLogger service concept

Read the source article at Autosphere.ca

Tight tire supply impacting rebound in mining sector

The mining tire market is enjoying continued growth in sales as the mining industry rebounds in the U.S. supported by favorable government policies.

Read the source article at Rubber and Plastics News

Forestry equipment tires market set to grow

New York – The global market for forestry equipment tires is estimated to grow at CAGR of 5.7% through to 2028, according to a recent market research.

According to a study titled “Forestry equipment tires market: global industry analysis 2013 – 2017 and forecast 2018 – 2028”, by Persistence Market Research, the market is estimated to create ‘an incremental opportunity of $920.8 million (€809 million) during the period’.

Read the source article at European Rubber Journal

Caterpillar selects Maxam tire for Cat Medium Wheel Loaders

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Maxam Tire North America has secured an original equipment deal with Caterpillar for the Cat Medium Wheel Loaders, which will be shod with Maxam MS302 L3 tires in size 23.5 R25 MS302.

The tire is available optionally on the Cat 950GC, 950L, 950M, 962L and 962M in certain regions. The Maxam MS302 tire has also been approved for fitment on additional Cat Medium Wheel Loaders in futher sizes.

Read the source article at Tire Technology International

OTR Tire Manufacturers Share Plans for 2019, Trends in OTR Market

Several manufacturers of off-the-road tires shared their company’s plans for 2019 as well as where they see the OTR market headed at the Tire Industry Association’s 2019 OTR Conference at the Saddlebrook Resort outside Tampa, Florida.

Representatives from OTR tire companies took part in a Tire Manufacturers’ Panel, where they teased new products coming from their companies in 2019 and shared what new initiatives their companies had for the upcoming year.

Read the source article at Tire Review

Michelin finalizes Camso purchase

Michelin has completed its acquisition of Camso under the terms released on July 12, 2018, having obtaining all of the necessary approvals for the transaction. Michelin purchased the solid tire maker for US$1.36bn.

With net sales of US$1bn, Camso has been developing OTR mobility solutions since 1982, including rubber tracks for farm equipment and snowmobiles, solid and bias tires for material handling equipment, as well as track and tire solutions for small heavy equipment.

Read the source article at Tire Technology International

Trelleborg acquires tire service provider and distributor in Canada

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Trelleborg Wheel Systems announced it has signed an agreement and finalized the acquisition of Pneus ICM Inc – a specialized industrial tire service provider and distributor in Montreal, Canada.

Pneu ICM is the second largest industrial tire dealer in the Montreal area, and a main service provider for eastern Canada. With annual sales of approximately C$3.39 Million, this bolt-on acquisition is part of Trelleborg’s strategy to strengthen its positions in attractive market segments.

Read the source article at Traction News