Merger-and-acquisition activity soared to unprecedented heights in 2018, especially in the North American wholesale and retail sectors.
Why are retreaders getting squeezed with lower production and profit margins? The tire trade journals have been splashing the effects of cheap “Chinese” Tier 4 tires for many months as the primary cause of production and financial stress for retreaders.
This is no doubt a major influence and major contributor to this decline. To quote recent media on other political national topics, “This is fake news.”
The major Tier 1, Tier 2 tire manufacturers also are contributing in this shrinkage with the advent of the wide-base super-single (WBSS) tires that have been heavily marketed for nearly 18 years now.
From Tire Review
Marangoni Tread North America will expand its manufacturing plant in Tennessee, President and CEO Bill Sweatman announced.
“With unit sales up this year, production had to be increased right away,” Sweatman said. “Independent retreaders’ business remains strong and we expect demand to continue to increase as we move into 2019. We will be adding additional capacity to manufacture the XP Extreme Performance wide-base Ringtread here in the U.S.”
Continental reports that it is “further enhancing its support services to strengthen its partnership with ContiTread cold retread shops”. This development is being led by John Cox, Global Head of Technical Services Retread and will centre on the enhancement of support services.
Bridgestone Americas has launched a new Bandag BDM3 retread for refuse applications.
A next-generation retread for the drive position, the Bandag BDM3 retread is designed with a new proprietary tread compound for extended wear life, enhanced traction and cut/chip resistance compared to the Bandag BDM2 retread, Bridgestone said in a news release.
Vipal Rubber, a tire retreading manufacturer, was present in another edition of the IANA Intermodal Expo, held on September 16-18, in Long Beach, California. This is the third consecutive year that the brand attended the convention, aimed at carriers of the intermodal sector in the United States.
Leader Rubber Co. is moving from a reseller of TRM Tyre Retreading machinery to a full-service provider with a complete management of spare parts and preventive maintenance package for its customers.
The announcement comes after Brett Sproson, CEO of Leader Rubber Co., visited TRM headquarters to assess the company’s relationship with TRM and to inspect the buffers ready to be delivered to the African market.
Continental has added a pre-cured tread (PCT) manufacturing facility to its existing campus in Mount Vernon, Illinois. The new plant, which began start-up production in January, will produce tread rubber for the ContiTread premium retread line. It is expected to be fully operational by the end of the first quarter of 2018.
Continental Tire the Americas has added a Pre-Cured Tread (PCT) manufacturing facility to its facilities in Mount Vernon, Illinois.
The new plant, which began production in January, will produce tread rubber for the ContiTread premium retread line. The company expects the plant to reach full operation by the end of the first quarter of 2018.
Magna Tyres has reopened its OBO Tyres factory, which will launch its tire production operations in the Netherlands.
Magna’s OBO factory, located in Hardenberg, will allow the tiremaker to lower transportation costs and import duties on its tires and invest in more production capacity, the Dutch manufacturer said. Magna Tyres that will be produced at the plant inclide the Magna MA02, M-terrain and AG24.