Business News

This news section will allow you to find out about takeovers, mergers, acquisitions and other business news within the global retreading sector.

Bandvulc has announced the measures it has taken as the company deals with the COVID-19 outbreak.

 

With close to a million units sold, the Nokian Hakkapeliitta Truck E tyres and compatible Noktop Hakkapeliitta E retreading materials have been a benchmark for winter traction tyres for over a decade. While the grip, safety and comfort of the original Nokian Hakkapeliitta Truck E is still hard to beat, the new demands set by changing work, trucks and legislation call for an improved version.

 

Indian retreading machinery manufacturers are increasingly focusing on Africa, as the acceptability of their machinery remains high due to the retread industry being largely controlled by the Indian diaspora. The Coimbatore based machinery producer Glisen Equipments Pvt Ltd is planning to strengthen its base further in the African market.

 

Major waste management group, CSG, has committed to a further two years with Bandvulc, the specialist retread subsidiary of Continental, as it seeks to reduce both capital expenditure and management time on its vehicle fleet operations, while maintaining high safety and environmental standards.

Following an extensive period of investment at its manufacturing facility in Klang, Malaysia, Maxrubber Industries Sdn Bhd, the fast-growing manufacturer of tyre retreading materials, has announced that it will be embarking on a targeted export drive with a view to developing a strong presence in the European market.

Indo-Italian retreading JV MGPL is further strengthening its presence in India by appointing another franchisee in the southern part of the country. The JV opened a retread site through new franchisees in Hyderabad, Capital of Telangana in December 2019.

The retreading industry in Russia has been experiencing a strong inflow of investments during recent years but is far from fully materialising its potential. The share of used tyres ending up at retreading plants is still far below than that of Europe or North America, although the market is well-protected against cheap imports.

 

During the annual Gala dinner at the Tire Technology Expo on February 26th 2020, VMI was honored with the Tire Manufacturing Innovation of the Year award. The award was received by Mr Harm Voortman, President and CEO of VMI Group.

Deauto Recycle & Retread Industry Sdn Bhd has committed itself to a strategy of diversification as the retread environment continues to prove to be a complex battleground.

Chichester District Council has extended its tyre supply and management contract with Bandvulc, part of Continental Tyres, for its fleet of 26 Mercedes-Benz ‘Econic’ refuse collection vehicles.

Make sure you don't miss a single issue

Click here to subscribe and we'll make sure of it.