Yokohama Rubber: Acquiring Trelleborg AB's Wheel Systems Business Link...
Yokohama Rubber Co., Ltd., has entered into a share purchase agreement with the Swedish-based Trelleborg AB to acquire all outstanding shares of Trelleborg Wheel Systems Holding AB, a company engaged in the manufacture and sale of off-highway tires for agricultural and industrial machinery. The acquisition is scheduled to be completed in the latter half of 2022, after completion of necessary procedures required by the competition laws of the European Union and other countries.
The acquisition will contribute to the expansion of Yokohama Rubber’s OHT business, which YX2023 (Yokohama's Transformation 2023 medium-term management plan) has positioned as a future growth driver for the Company’s commercial tire business. According to Yokohama, the ratio of consumer tires to commercial tires in today’s global tire market is 1:1, but Yokohama Rubber’s tire business sales are more heavily weighted toward consumer tires, with a 2:1 ratio versus commercial tires. To bring the sales composition of its tire business more in line with the overall market and secure the business’ stability and earnings growth, one of the key challenges facing Yokohama Rubber’s commercial tire business is the growth of an OHT business capable of securing stably high earnings. The TWS acquisition will not only help Yokohama Rubber’s tire business achieve a more optimal sales composition, but it will also strengthen the Company’s commercial tire business in each of the four thematic areas set forth in YX2023—product lineup, cost, service, and digital transformation. Meanwhile, the consumer tire business will continue its effort improve its profitability by expanding sales of its ADVAN, GEOLANDAR, and winter tires.
Trelleborg A.B.: Marketing Concept Carbon-Free Tractor Tire Link...
Trelleborg alongside Massey Ferguson has unveiled the MF NEXT Concept Tractor fitted with new TM1000 Progressive carbon-free tires in a totally white compound. The new concept tire aims to demonstrate Trelleborg's commitment to reducing the carbon footprint of modern farm equipment.
Trelleborg A.B.: Initiating Cost Cutting Measures Targetting Wheel Systems and Industrial Solutions Businesses Link...
Trelleborg A.B. is intiating cost cutting measures targetted mainly at its Wheel Systems and Industrial Solutions business segments. This is in response to a trend shift observed in Q2 2019 coupled with intensified political tensions and global trade conflicts which are negatively impacting agricultural tire sales in Europe and APAC in particular.
Trelleborg A.B.: Investing in India for Production of Tires for Two-Wheeled Vehicles Link...
Trelleborg has, through its Trelleborg Wheel Systems business area, decided to invest in a production facility in India for the manufacture of tires for two-wheeled motor vehicles, thereby creating a platform for global growth and increased production capacity. The investment forms part of Trelleborg’s strategy to strengthen its positions in attractive market segments.
Trelleborg's existing manufacturing base for two wheeled motor vehicles is concentrated in Europe, with products including enduro, motocross, scooters, mopeds and motorcycles. This investment will allow continued growth in Europe and also in regions such as North America and selected parts of Asia.
Trelleborg A.B.: Planning Major Investment in Tire Operations in Serbia Link...
Board decision of major investment in Trelleborg Wheel Systems’ tire operation in Serbia, to improve footprint and increase production capacity to accommodate additional future sales - details pending.
Trelleborg A.B.: Acquires Standard Tyres Group, Brazil Link...
Trelleborg has acquired the Brazilian industrial tire maker Standard Tyres Group.
Trelleborg A.B.: Starts Production in Spartanburg Link...
Trelleborg has started production at its new Spartanburg agricultural tire plant.
Trelleborg A.B.: US Investment for Agricultural Tires Link...
Trelleborg has, through its business area Trelleborg Wheel Systems, decided to invest in a production facility for agricultural tires in the U.S., thereby creating a platform for local presence and growth in North America, and a global position in the market. The investment forms part of Trelleborg’s strategy to strengthen positions in attractive and profitable market segments. “North America is the largest agricultural market in the world and it is highly attractive for us. The market for extra-large agricultural tires, where Trelleborg is a market leader, is growing in the region. Although we already sell our products in the U.S. and Canada, local production offers considerably more favorable conditions, thus enhancing our competitiveness. An expanded presence in North America is central to our growth strategy,” says Maurizio Vischi, President of the Trelleborg Wheel Systems business area. The production will be located in an existing Trelleborg facility in Spartanburg, South Carolina, U.S. Trelleborg will invest a total of approximately SEK 325 M during 2014-2018, mainly in production equipment. The investment for this year is within the previously announced framework for capital expenditures for 2014. It is estimated that production will be able to gradually commence as of the second half of 2015.
Trelleborg Wheel Systems increases Brawler range to include large OTR solid tires Link...
The Brawler range includes specialist tires for the most demanding environments of waste, recycling and underground mining. The range perfectly complements Trelleborg’s existing range of premium tires for materials handling applications and develops the company’s already successful presence in the construction segment.