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)

Comments (0)

ADD COMMENT

Link Copied!

The second round of ABB FIA Formula E World Championship's Season 12 concluded with the Hankook Mexico City E-Prix, a vibrant festival of motorsport held at the iconic Autódromo Hermanos Rodríguez. Hankook Tire's iON Race tyres were integral to the spectacle and strategy at the celebrated venue, where intense racing met a uniquely challenging environment. The high-altitude circuit, located over 2,200 metres above sea level, placed a premium on thermal management and consistent grip, demands met by the predictable performance of the iON Race compound throughout the evolving conditions.

Across this demanding circuit, all teams competed on Hankook's race-proven iON Race tyres. These tyres provided a stable and reliable platform, crucial for managing the unique energy and heat constraints of the high-altitude event. The iON Race tyres delivered predictable warm-up and consistent grip, allowing drivers to push with confidence through both high-speed and technical sections of the lap. Their ability to maintain a steady contact patch and effective thermal control supported strategic flexibility and vehicle balance as track conditions evolved throughout the race distance.

The event, which also marked Formula E's 150th race, was ultimately won by Nick Cassidy, securing a maiden victory for Citroën. He finished ahead of Edoardo Mortara for Mahindra Racing and Oliver Rowland for Nissan. With the Hankook Mexico City E-Prix complete, the championship now looks ahead to Round 3, the Miami E-Prix, scheduled for 31 January 2026 at the Miami International Autodrome.

Manfred Sandbichler, Senior Director of Hankook Motorsport, said, “Mexico City once again proved how decisive stable tyre behaviour is at high altitude. Across a race that demanded constant adaptation, the iON Race delivered the confidence and consistency teams needed to manage energy, temperature and balance under challenging conditions.”

Comments (0)

ADD COMMENT

Link Copied!

Michelin has launched the new Anakee Adventure 2, a tyre aimed at the Trail motorcycle segment and engineered to deliver safety, pleasure and freedom for the modern rider. This product is a strategic pillar in the company's global vision for the Trail category, designed for those who navigate daily commutes but live for the spirit of exploration.

The MICHELIN Anakee Adventure 2 is developed for predominantly road-based use while retaining confident off-road capability. It meets the needs of discerning riders who demand safety in everyday conditions alongside the ability to spontaneously explore beyond paved surfaces. The tyre promises enhanced wet grip through advanced silica-based compounds and offers improved longevity, with significant increases in mileage over its predecessor. It also provides superior riding comfort through reduced noise perception, leading to less fatigue. Its versatility is confirmed by an M+S marking and a tread pattern optimised for effective traction on varied terrain.

These benefits are achieved through Michelin's latest technologies, including a dual-compound construction for durability and grip, reinforced casing architecture for stability and comfort, and a new tread design that balances on-road refinement with loose-surface traction. The tyre also features a premium sidewall design to complement the aesthetic of modern adventure motorcycles. It is available for a comprehensive range of flagship models from manufacturers such as BMW, Honda, Ducati, Triumph and KTM.

This launch completes Michelin's strategic Trail portfolio, which ranges from purely road-focused tyres to those with off-road bias. The introduction of the Anakee Adventure 2 is a key component of Michelin's broader ambition to become a leading force in the Trail segment by 2030. This strategy is built upon strengthening brand image through motorsport heritage, fostering a dedicated rider community via engagement initiatives, and expanding original equipment partnerships with major motorcycle manufacturers. The MICHELIN Anakee Adventure 2 is available globally through authorised dealers.

Comments (0)

ADD COMMENT

Link Copied!

Michelin will join Team Picnic PostNL as an official technical partner from 2026 onwards, signalling the tyre manufacturer's high-profile return to elite road racing. This alliance is founded on a shared drive to expand performance boundaries through dedicated innovation. Rather than a mere supply agreement, the collaboration entails a deep technical union between the brand’s engineers and the team’s performance specialists. The primary goal is to validate Michelin tyre capabilities under the most demanding race conditions and to jointly pioneer next-generation technologies.

Team Picnic PostNL, a leading World Tour squad with men’s, women’s and development rosters, will exclusively race on state-of-the-art tyres co-developed with Michelin, set to debut in competition this coming February. This partnership embodies a modern and ambitious sporting vision, uniting both entities under core values of elite performance and innovation. Data and feedback gathered across all racing programmes will fuel a continuous cycle of optimisation, aimed at propelling the team to the podium while simultaneously accelerating the development of future consumer tyre products.

For Michelin, this venture integrates competition directly into its global innovation strategy, using the rigours of world-class cycling as a dynamic proving ground and beacon for technological advancement.

Vincent Ledieu, Director – Cycling Programme, Michelin, said, “By partnering with Team Picnic PostNL, Michelin is showing its support for the world of top-level road cycling. Working closely with the riders and the whole team allows us to better understand the demands of competing at the highest level. This partnership allows us to continue to develop innovative tire technologies while supporting Team Picnic PostNL's ambitions in World Tour competition.”

Piet Rooijakkers, Team Picnic PostNL's R&D expert, said, “Our partnership with Michelin allows us to have very high-quality equipment that is perfectly suited to the demands of the World Tour. By working closely with their engineers, we quickly turn user feedback and performance data into actionable improvements. This process of continuous learning and optimisation is essential for Team Picnic PostNL, and we see this collaboration as an important step in pushing performance to the next level.”

Comments (0)

ADD COMMENT

Link Copied!

Toyo Tires has made its way to the annual A-List of CDP for its climate change mitigation efforts. This premier recognition, awarded for the first time to the company in the 2025 evaluation, reflects the company’s comprehensive decarbonisation efforts, which include validated science-based targets for cutting greenhouse gas emissions and a shift towards renewable energy at its production sites. CDP’s annual assessment is a key benchmark for corporate sustainability across climate, water and forests.

The assessment also highlighted Toyo Tires' commitment to transparency, as verified by independent third-party data reviews. Viewing its business activities as intrinsically connected to society and the future, the Toyo Tires Group treats reducing environmental impact as a top operational priority.

Moving forward, the company is dedicated to advancing decarbonization across all its manufacturing processes and broader supply chain, aiming to support a sustainable global society.

Comments (0)

ADD COMMENT

Link Copied!