By Sharad Matade

What prompted you to acquire the TyreXpo series? How does the TyreXpo compliment Tarsus' events?

Our approach at Tarsus has always been to pursue growth through a careful blend of strategic acquisitions and organic growth. Since being acquired by Charterhouse Capital Partners last year, we have set ourselves some ambitious growth targets and have been focused on opportunities that will enable us to accelerate the pace of growth.

TyreXpo presented an attractive opportunity for us – we already have a strong automotive and aftermarket event portfolio in China and Southeast Asia, along with a strong footprint in the region. TyreXpo is well respected within the market and we could see plenty of scope to further develop the Singapore show in particular, especially through increased focus on our customer’s customers and bringing key international buyers to the show.

The acquisition comes at a time when the global automotive industry is going through a tough time. Many expos and events in the industry are either getting postponed or even cancelled? How do you see this as a challenge?

It’s vital that events and tradeshows continuously evolve to meet the needs of the industry and the customers that they serve. We pride ourselves in staying close to the markets we operate in, listening to the key operators and delivering events that meet our customers’ objectives. Whilst it’s true that many of the more established automotive shows have faced challenges in recent years, we have also witnessed the automotive sector increasing its presence at other “non-traditional” shows such as CES in Las Vegas. This really demonstrates that the industry wants to be where the customers are and that’s what we will deliver at TyreXpo going forward; along with really great content and a highly focused environment that’s conducive to doing business.

How different will TyreXpo be from the past, and what will be the focus?

The focus will be on delivering a show that truly meets the industry’s needs. We will actively recruit key buyers to attend the show as well as placing lots of emphasis on event content, working in tandem with relevant associations, media and partners to deliver thought-leading content for the exhibitors and buyers. We’re also moving TyreXpo Asia to a fantastic venue – the Marina Bay Sands in Singapore.

A significant challenge for any organiser is to get visitors from diversified regions/ markets. We also see growing numbers of expos and other events across the globe. What will be your efforts to get visitors from different markets for the TyreXpo?

We plan to focus investment on a best-in-class hosted buyer programme to attract the top 150 tyre buyers from across the globe as well as developing an innovative affiliate programme to encourage personal recommendations and invitations. Interested buyers can find out more about the hosted buyer programme on our website.

What are the challenges in organising expos for the auto industry?

In our experience the challenges in organising B2B events are the same across most industries. We operate globally, in numerous verticals including aviation, medical, labels, travel and housewares – and our approach is the same irrespective of the industry we are delivering events for – there can be numerous shows competing for the same “dollar” so we always focus on our customers’ ROI and delivering quality, relevant buyers. Ultimately that is how the value of an event is always measured and ensures customers come back to us year after year.

How do you evaluate the global tyre market?

Undoubtedly the tyre industry is facing a challenging time and is being affected by rubber prices, US-China trade relations and the current Covid-19 situation impacting production. Nonetheless, we consider the tyre industry to be a particularly resilient one and the demand for tyres is typically quite well insulated against economic downturns. Overall, we are very optimistic about the market; the outlook for consumption along with growth in both applications and end users looks very promising.

Apollo Tyres Ltd has secured a one-season shirt-sleeve sponsorship agreement with AS Monaco, one of French football's most successful clubs, to increase awareness for its premium Vredestein brand.

This partnership will leverage Ligue 1's ranking as the fifth most watched football league in the world to raise awareness of Vredestein's award-winning products among a large audience in France and abroad. On November 22, AS Monaco's home league game against Brest will have the new sleeve branding for the first time. The Vredestein brand will be heavily promoted at Stade Louis-II for the 2024–2025 season, including on player sleeves and LED screens around the field. Exclusive social media initiatives will further help make the brand prominent, reaching a large and interested audience.

Yves Pouliquen, Vice President – Commercial, Europe, Apollo Tyres, said, “This partnership is an exciting opportunity to strengthen Vredestein’s presence in one of our key markets. AS Monaco’s rich history and commitment to excellence mirror our focus on performance and innovation. We look forward to building a successful relationship with the club and celebrating its achievements this season.”

Thibaut Chatelard, Marketing and Revenue Director, AS Monaco, said: “We are delighted to welcome Apollo Tyres and its Vredestein brand to the family of AS Monaco partners. This collaboration makes sense in view of the values we share, such as the constant pursuit of performance and excellence. There’s no doubt that this new support will be precious for the rest of our season, which promises to be thrilling.”

Nexen Tire, a leading global tyre manufacturer, has launched the Nexen N´Blue S tyre, adding to its range of summer tyres and providing drivers with advanced safety, energy efficiency and superior driving stability in wet and dry conditions.

Developed using highly dispersed silica and equipped with an optimised structural design, the Nexen N´Blue S tyre provides reduced road noise and improved driving stability. The tyre features an innovative tread compound, formulated with hydrophilic fillers and microstructure-controlled polymers, and provides lower rolling resistance and exceptional dry and wet grip. The tyre also excelled in test results by demonstrating an 11 percent improvement in wet braking distance compared to its predecessor.

Apart from providing excellent performance, the Nexen  N´Blue S also scores high on the sustainability index. The tyre provides an eco-friendly solution for environmentally conscious drivers by minimising fuel consumption and CO2 emissions. The Nexen N´Blue S summer tyre is available in 58 sizes, which makes it compatible with different types of vehicles.

Kumho Tire Vietnam Co., Ltd. is all set to expand its investment project in Binh Duong province of Vietnam, with the phase 3 of expansion commencing in early 2025. This was discussed at a recent meeting between Vo Van Minh, Deputy Secretary of the Provincial Party Committee and Chairman of the Provincial People's Committee (PPC), and Kim Hyun Ho, General Director of Kumho Tire Vietnam Co., Ltd.

The meeting was held on 13 November at the Administrative Centre of Binh Duong province, as per an official statement. Apart from the company’s investment till date and the planned investment for phase 3, the two also discussed about the challenges and obstacles regarding procedures and processes to have more land funds to expand the manufacturing plant, along with taking measures to tackle the obstacles. Kim Hyun Ho also conveyed to the PPC Chairman that Kumho Tire Vietnam Co., Ltd. belongs to South Korea's Kumho Tire Group and is currently ranked 10th in the car tyre manufacturing industry.

The company had invested in a tyre manufacturing plant in My Phuoc 3 Industrial Park in 2007 with a total initial investment of USD 308 million, which was supplemented by another USD 300 million in 2021. This extended the factory scale to six hectares and increased the production capacity to 12.5 million tyres annually. With the expansion in early 2025, the company will raise its total investment to USD 908 million and increase the factory's production capacity to 17 million tyres annually. The expanded capacity is expected to be operational by early 2026.

Yokohama-ATG, a leading manufacturer of all-terrain and off-the-road tyres, has expanded its Galaxy MFS 101 SDS range of forklift tyres with the launch of white, non-marking tyres.

The Galaxy MFS 101 SDS range consists of puncture-proof SDS tyres with extended wear limits designed for high-intensity working shifts and long durability. These are premium, solid rubber tyres developed for tough demands, a long service life and high driving comfort. The addition of white, non-marking tyres is specifically aimed at clean working environments.

Marked by a 3-stage construction process, the forklift tyres feature reduced heat build-up, effective shock absorption and minimised vibrations. The pattern design guarantees a smooth ride and good steerability thanks to its continuous centre lug and circumferential grooves. Furthermore, the flat walls and wide flat profile offer excellent stability when using a forklift for vertical stacking. The tyres are also equipped with anti-slip steel beads for improved rim fitment

In a case study on a CAT 2.5-tonne forklift that was used for handling heavy pallets on asphalt, the Galaxy MFS 101 SDS outshone the competitors with impressive performance. The tyre delivered an approximate 900 working hours before replacement against competitors’ 500 working hours.