Magna Tyres Singapore (MTS) mainly specialises in the port handling and mining market segments while also offering tyres to the construction, industrial and truck sectors across the Asia-Pacific (APAC) region, incorporating 40 countries. These countries also include Malaysia, Thailand, Vietnam, India, Japan, Australia, New Zealand and Singapore.

As for Singapore, it has been only over five years since the Netherlands-based Magna Tyres Group opened a sales and administration office in Singapore to better serve the APAC region, it claims.

The port handling sector is a relatively new market for the OTR and industrial tyres company in the APAC region. According to them, the company is now benefiting from ongoing opportunities in the growing industry, and has already established itself as a popular brand by working with many leading important ports throughout Asia. Whilst in the industrial sector, it is primarily active in the sales of solid and super solid tyres, continually increasing market share in this niche sector.

“Initially, we started within the mining sector, where Magna Tyres already operated a distributor network in Indonesia and Australia," said Olga Matveitshyk, Singapore General Manager, Magna Tyres and went on, “Over time, we have successfully increased our customer sales into the Philippines, Malaysia, Myanmar, Cambodia, New Zealand and Mongolia. At the same time, we have progressively widened our product range and ensured an impressive brand image in this highly competitive market segment.”

However, the port handling market is equally important to Magna Tyres, as per the OTR and industrial tyre company. Asia encompasses around 60 percent of the world’s current population, resulting in demand for products being continually high. Also, Magna Tyres states that mining equipment is a flourishing exporting commodity that adds to the growing port development industry. At the same time, APAC consists mostly of islands, making the port network and its services key to the region’s further development and sustainability. In truth, in the port handling segment, Magna Tyres’ new further improved 16.00-25 M801 and 310/80R22.5 M-Terminal tyres, with antistatic capabilities, will be launched at the Tyrexpo Asia 2023 show in Singapore in March 2023, claims the OTR and industrial tyre company.

Matveitshyk added, “There is no doubt that our strongest OTR markets are mining and port handling in the APAC sector, which are being driven by the fact that Indonesia and Australia are two of the largest and most successful coal-producing and gold mining countries in the world. We are well placed to provide technologically-advanced products and solutions advice to customers to satisfy individual tyre requirements.”

Looking towards the short term future, Magna Tyres Singapore aims for further growth of its trading network and customer base, and fully intends to widen its supplied product range. Matveitshyk said, “At the same time we are eager to “challenge ourselves” by looking to eventually enter the OEM market in this region.”

In fact, according to Magna Tyres, the company was confirmed as one of the fastest growing companies in the world in 2021. As per them, they have achieved this position by studying and following market demands closely, and adjusting to new trends as they develop.

Matveitshyk added, “Initially, it was a challenge to introduce tyres into an established market with a deep knowledge of the tyre industry. However, Magna Tyres is now a recognised and growing brand in the mining, port handling, construction and industrial segments throughout Asia. Our partners/customers fully appreciate that we can provide solutions through being totally flexible and forward-thinking. In effect, Magna Tyres makes a difference when it comes to customer satisfaction on OTR tyres.”

MarketsandMarkets has said in its latest report that the tyre recycling market is expected to grow from USD 7.44 billion in 2024 to USD 8.92 billion by 2029 at a CAGR of 3.7 percent.

The report titled ‘Tire Recycling Market by Product (Rubber, TDF, TDA, Carbon Black), Process (Mechanical Shredding, Ambient Grinding, Pyrolysis), Type (Service, Material), End-use Industry (Automotive, Construction, Manufacturing) and Region – Global Forecast to 2029’ attributes the growth in this market to increasing environmental awareness and the implementation of stringent government regulations in different countries in reducing waste and pollution in the environment. Key players in the tyre recycling market, according to the report, are Liberty Tire Recycling (US), GENAN HOLDING A/S (Denmark), ResourceCo (Australia), GRP LTD (India), Lehigh Technologies, Inc. (US), Entech Inc (US), Emanuel Tire LLC (US), BDS Tire Recycling (US), Contec (Poland) and CRM (US).

According to the report, the Asia Pacific region is expected to be the fastest growing market for tyre recycling during the forecast period because of rapid industrialisation, urbanisation and economic growth in the region. Apart from this, government regulations in the Asia Pacific region are also playing a big role in shaping the tyre recycling market.

The report explains that govt incentives and regulatory benefits created by policies around sustainability and carbon reduction are significantly boosting opportunities in this sector. The report cites the Extended Producer Responsibility or EPR programme, which makes it mandatory for the producers of tyres to collect and recycle the tyres at their end-of-life. Additionally, the availability of government incentives and grants for the tyre recycling plants plays a favourable role for the sector.

The report further highlights that construction is the fast-growing end-use industry segment in the market for recycling tyres, explaining that the demand is partly driven by the growing use of recycled tyre products in infrastructure and building projects. These tyre-derived products are used in road construction and as building foundations, insulation and roofing materials. The demand for shock-absorbent, low-maintenance and durable materials in public space and recreational facilities, as well as sports fields, also plays and important role, says the report.

A new survey by OnePoll for Apollo Tyres has revealed that all-season tyres are preferred by a majority of drivers across Europe.

The findings, which took into account 1,000 respondents in each market, point to a constant increase in the popularity of tyres designed to perform throughout the year, including in dry, wet and snow conditions. Spain took the lead among the European countries with 82 percent respondents voting in favour of all-season tyres, followed by France (78 percent), the Netherlands (74 percent), Poland (72 percent) and the UK (65 percent).

For the customers of Apollo Tyres, its Vredestein brand’s Quatrac portfolio offers a lineup of tyres designed for a range of vehicles in a wide choice of sizes. The lineup includes the Quatrac, the Quatrac Pro and Pro+ for muscle cars and SUVs and the Quatrac Pro EV all-season tyre specifically designed for electric vehicles (EVs). All Quatrac tyres come with the ‘Three-Peak Mountain Snowflake’ mark and are fit for year-round use.

Yves Pouliquen, Vice President – Commercial, Europe, Apollo Tyres, said, “All-season tyres are becoming increasingly popular among motorists who want the reassurance of being able to safely tackle fast-changing weather conditions, year-round. With over three decades of expertise in all-season products, drivers can trust the Vredestein brand.”

Vaculug Limited, a leading commercial tyre retreading specialist based in Grantham, UK, has reshuffled its senior management team with the appointment of three new roles. The reshuffle is done with an aim to enhance the organisational structure and drive sustainable growth while prioritising employee development.

As part of the reorganisation, Philip West, Vaculug's Commercial Director, will now be responsible for managing all sales and RTM activities in addition to operations, marketing and customer service. West has been in the business for more than 42 years, and his leadership and depth of expertise make him a great fit for this position.

In his new role as Sales Director, Craig Rudkin will oversee the team responsible for sales and national accounts. Rudkin began working for Vaculug in a position located in a factory and has been with the firm for more than 33 years. Jason Humphries is now the Director of IT and Logistics. Humphries has over 20 years of experience in operations, logistics and IT and has played a key role in putting strategic plans into action since joining Vaculug in 2001.

Professor Joseph Adelegan, Secretary-General of the International Rubber Study Group (IRSG), has been confirmed as a featured speaker at the 2nd Edition of the Global Labour Market Conference (GLMC), which is slated to be held in Riyadh, Saudi Arabia, on 29-30 January 2025.

The theme of this year's edition is ‘Inspiring Innovative Global Solutions to Labour Market Challenges’, which will further delve into six important topics related to the complex issue. The main points slated to be discussed in the conference include upskilling and reskilling of the workforce, bridging the gap between young workers’ aspirations and expectations, formulating smart policies to help identify and signal in demand skills, rolling out drivers of productivity universally to create a more level field, improving the supply of green skills through enhanced demand forecasting and training to create more green jobs and the role of SMEs in generating more meaningful and productive jobs.

The GLMC is a leading platform bringing together policymakers, employee representatives, business leaders, researchers and youth to tackle critical labour market challenges. This collaborative approach is essential for establishing a more equitable and advantageous environment for everyone, since the workforce is being impacted by rapid worldwide developments. Professor Adelegan's experience will be important in addressing the intricate problems that the global workforce faces.