The 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 (TWS), a company engaged in the manufacture and sale of off-highway tyres (OHT) for agricultural and industrial machinery. TWS’s enterprise value is EUR 2,040 million. 

Yokohama Rubber said in a statement that the acquisition is scheduled to be completed in the latter half of 2022. The acquisition’s impact on Yokohama Rubber’s consolidated financial results is currently under examination, it said. 

Yokohama Rubber is currently implementing its Yokohama Transformation 2023 (YX2023) medium-term management plan for fiscal years 2021–2023.  

The TWS acquisition will contribute to the expansion of Yokohama Rubber’s OHT business, which YX2023 has positioned as a future growth driver for the company’s commercial tyre business. The ratio of consumer tyres to commercial tyres in today’s global tyre market is 1:1, but Yokohama Rubber’s tyre business sales are more heavily weighted toward consumer tyres, with a 2:1 ratio versus commercial tyres, the release pointed out. To bring the sales composition of its tyre 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 tyre business is the growth of an OHT business capable of securing stably high earnings. The TWS acquisition will not only help Yokohama Rubber’s tyre business achieve a more optimal sales composition, but it will also strengthen the company’s commercial tyre business in each of the four thematic areas set forth in YX2023—product lineup, cost, service, and DX, the company said. 

TWS sales in fiscal 2021 totalled about YEN 129.0 billion, accounting for about 30 per cent of Trelleborg AB’s consolidated sales. Over the past 10 years, TWS has expanded its sales by 2.6 times and more than tripled EBIT (earnings before interest and taxes). While expanding sales it has sustained stably high profitability, with its EBIT ratio continuously above 10 per cent, the release said. 

Of tyres manufactured and sold by TWS, agricultural tyres account for about 60 per cent and industrial tyres about 20 per cent, with the remainder being tyres for construction machinery and motorcycles. TWS has 14 manufacturing plants in nine countries — seven in Europe (Italy, Latvia, Serbia, Slovenia, and three in the Czech Republic), two in the United States, one in Brazil, and four in Asia (two in China and two in Sri Lanka). About 70 per cent of its sales are in Europe. (TT)

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Tyres Europe has formalised cooperation agreements with Assogomma, the Consorcio Nacional de Industriales del Caucho (Consorcio) and elanova, officially incorporating the Italian, Spanish and French National Associations as members. These bodies will now represent their respective domestic tyre industry interests within the European umbrella organisation.

The pacts, inked during a Brussels ceremony, establish a structured platform for enhanced policy coordination, merging national expertise with Tyres Europe’s continental advocacy efforts. This strategic alliance aims to foster a unified dialogue regarding the manufacturing sector’s competitiveness and the essential conditions for investment, innovation and local production. The signing ceremony was attended by the associations’ delegates, alongside Tyres Europe’s President Livio Magni, Vice President Paolo Pompei and Secretary General Adam McCarthy.

Livio Magni, President, Tyres Europe, said, “With Assogomma, Consorcio and elanova joining Tyres Europe as Association Members, we are taking an important step towards a stronger and more representative voice for Europe’s tyre industry. At a time of profound industrial transformation, closer alignment between national and European perspectives is essential to foster investment and innovation and support a competitive and resilient manufacturing base in Europe.”

Roberto Forresu, President, Assogomma, said, “Assogomma and its member companies have always believed in the value of European integration and cooperation. By joining Tyres Europe, Italy is ready to place its expertise at the service of a stronger and more coordinated representation of the tyre sector at both European and national level. We are confident this is in the interests of tyre companies and, more broadly, of all our member companies.”

Julio Fernandez, President, Consorcio Nacional de Industriales del Caucho, said, “Joining Tyres Europe represents a strategic opportunity for Consorcio Nacional de Industriales del Caucho. It will strengthen our European policy and regulatory discussions while facilitating the exchange of expertise and best practices with peer associations across Europe. All of this contributes to increasing the visibility, representativeness and influence of the association and its members, strengthening their competitiveness in an increasingly globalised environment”.

William Cazzoli, President, elanova, said, “The adhesion of Elanova, together with its counterparts Assogomma and Consorcio, to Tyres Europe confirms our common ambition to strengthen our contribution to the European debates and to raise the industrial challenges of our members within the framework of the co-construction of European policies for the development of our industries in Europe. Combining our expertise, capitalising on our specificities and jointly promoting the common needs of our companies are essential to win the battle for competitiveness and sovereignty in the face of international competition.”

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ZC Rubber presented its comprehensive tyre portfolio at the China International Tire Expo (CITEXPO) 2026 in Shanghai, featuring an integrated display of its five core brands: WESTLAKE, GOODRIDE, TRAZANO, CHAOYANG and TIANLI. The exhibition booth was organised to cover a wide range of applications, including passenger car, commercial vehicle, agricultural and off-highway segments. Prominently featured were large-format TIANLI agricultural tyres alongside commercial vehicle offerings, effectively illustrating the extensive scope of the manufacturer’s production capabilities.

Beyond product displays, the company utilised the event to emphasise its expanding global footprint. Attendees were given insights into ZC Rubber’s international business network, strategic brand partnerships and ongoing initiatives in sustainable manufacturing practices. Throughout the expo, the company engaged in extensive dialogues with customers and industry stakeholders from diverse markets, addressing specific product inquiries, regional market demands and potential avenues for future collaboration.

The expo participation underscored ZC Rubber’s commitment to strengthening its worldwide presence across multiple dimensions, from manufacturing and branding to market development. Moving forward, the company reaffirmed its dedication to collaborating with international partners to adapt to changing global market requirements and to pursue emerging business opportunities.

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Hankook Tire has secured a three-year agreement to serve as the official tyre supplier for the RC2, RC3 and RC4 classes of the Kroon-Oil Belgian Rally Championship. Already the exclusive tyre provider for the FIA World Rally Championship and numerous other international series, the company continues to leverage motorsport to validate its high-performance competition tyres.

This new Belgian commitment expands Hankook’s rally portfolio following its Global Partner status with the FIA, while distribution will remain with Kronos Tires to ensure operational continuity. Celebrating its 85th anniversary, the South Korean manufacturer operates across 160 countries with eight production facilities. Its global motorsport footprint now exceeds 70 events, where it supplies tyres or provides team support, reinforcing its technological credentials.

Xavier Schene, Director General of RACB Sport, said, “Throughout 2027, 2028 and 2029, tyres for the RC2, RC3 and RC4 classes in the Kroon-Oil Belgian Rally Championship will be supplied exclusively by Hankook. For competitors, these tyres offer an attractive solution from a competitive perspective as the Korean manufacturer has been the exclusive tyre partner of the FIA World Rally Championship since 2025. From next season onwards, this will also give WRC drivers the opportunity to use Belgian Rally Championship events as test rallies in preparation for WRC events. Hankook tyres are also used in the Junior ERC.”

Manfred Sandbichler, Senior Director, Hankook Motorsport, said, “Naturally, we are very pleased and proud that Hankook will become the exclusive tyre partner of the Kroon-Oil Belgian Rally Championship for the next three seasons in RC2, RC3 and RC4 classes. The BRC is one of the strongest national rally championships in Europe and will provide an excellent showcase for the performance and quality of our asphalt competition tyres.”

 “As BRC Promoter, we are delighted that a global tyre brand such as Hankook has committed to becoming the exclusive tyre supplier of the Kroon-Oil BRC. The competitive package of the tyres is an important asset in this respect and will help us keep costs manageable for our teams,” said Stevy Courteyn on behalf of BRC Promotion.

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Doublestar Tire emerged as a standout exhibitor at the 21st China (Shanghai) International Tire & Wheel Expo (CITEXPO), which commenced on 2 September at the Shanghai World Expo Exhibition & Convention Center. The event, recognised as a premier professional gathering in the Asia-Pacific region, attracted over 400 international exhibitors displaying the latest industry innovations. Among them, Doublestar distinguished itself with a portfolio focused on high differentiation and added value, capturing significant attention from attendees.

In response to varied overseas requirements, the tyre manufacturer presented a comprehensive product range addressing commercial and passenger vehicle applications. For the commercial sector, the flagship TBR tyre D902 was engineered with an abrasion-resistant compound and an advanced tread design. This configuration ensures stability and longevity under high-temperature, long-haul conditions, offering fleet operators a balance of dependable performance and economic efficiency.

The passenger vehicle lineup featured the EV95 SAFORT tyre, a specialised product for new energy vehicles incorporating the company’s proprietary ‘Safort’ support technology. This innovation addresses critical new energy vehicle demands, including reduced rolling resistance and minimal noise levels. The exhibition also included additional differentiated products, underscoring Doublestar’s commitment to understanding and fulfilling evolving consumer preferences through targeted engineering.

Throughout the expo, the company’s booth drew sustained interest from domestic and international buyers, with the overseas sales team outlining technical benefits and application-specific advantages. These interactions led to substantive discussions and positive indications for prospective partnerships. Looking ahead, Doublestar intends to persist in developing safer, more energy-efficient tire solutions, reinforcing the competitive standing of Chinese tire manufacturers in the global marketplace.

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