Tire Business - Tire Industry News, Manufacturing News & Analysis
WEBMichelin's Tweel tire changes game, challenges industry. With Tweel, Michelin took nonpneumatic tires from concept to prototype to practical. It brought to the market a very real, very relevant airless tire that has just about every other tire maker imagining its own version of airless tires. Executives.
Global Tire Report - Tire Business
WEBTire makers commit more than $6.5 billion to capex spending. Of the $6.5 billion tracked, more than 40% — $2.85 billion — is earmarked for projects in North America and 15% for Europe. Global Tire Report.
Michelin, Bridgestone, Goodyear top tire makers again - Tire …
WEBAug 25, 2023 · For the annual Top 75 Tire Makers ranking, Tire Business looks at the tire makers' revenue generated from the sale of tires they've manufactured, in order to achieve a more equitable apples-to-apples comparison. Excluded are items such as third-party sales of materials (steel cord, synthetic rubber, carbon black, etc.) as well as any non-tire-related revenue and non-tire revenue (auto service ...
Mavis leads Top Independent Tire Retail rankings
WEBOct 21, 2023 · Discount Tire's recent purchase of Dunn Tire was unprecedented on several levels. Only one other time has the Scottsdale, Ariz.-based company acquired another dealership. It puts the dealership into the automotive service/repair business for the first time (Dunn Tire derived 30% of its revenue from auto service), and it adds another retail brand name to the company's portfolio (the Dunn Tire ...
Myers Industries acquires Mohawk Rubber Sales | Tire Business
WEBJun 1, 2022 · Mike McGaugh, president and CEO of Akron-based Myers Industries, said the acquisition "bring complementary geographic coverage, additional sales and customer service capability, and meaningful scale to our distribution segment.". He said Mohawk has a similar business model, and the acquisition demonstrates Myers' "ability to find accretive opportunities to expand and grow our businesses ...
U.S. AutoForce shakes up wholesale tire industry
WEBMar 15, 2022 · AKRON, Ohio — There was a seismic shift in the balance of clout among U.S. wholesalers in the past few months, as U.S. AutoForce solidified its position as the No. 2 independent wholesaler in the U.S. with its acquisitions of Treadmaxx Tire Distributors and Max Finkelstein Inc.. Those deals, carried out in October 2021 and January 2022, respectively, nearly doubled U.S. Auto-Force's ...
Mavis acquires Tuffy, expands reach to 35 states | Tire Business
WEBDec 16, 2021 · Mavis acquiring Tuffy Tire, expands reach to 35 states. MILLWOOD, N.Y. — Mavis Tire Express Services Corp., the nation's No. 3 indepenedent retail tire dealership, is ending the year with a major acquisition.
Data shapes annual Global Tire Report
WEBSep 28, 2022 · AKRON — The five largest tire manufacturers worldwide, as ranked by Tire Business in the 37th annual Global Tire Report, remained unchanged from the 2021 ranking.. Group Michelin continued to top the charts with an estimated fiscal 2021 global tire-manufacturing revenue of $26.3 billion.
Acquisitions change retail tire landscape - Tire Business
WEBDec 23, 2021 · On the commercial side of the ledger, there were two deals of note: • Kal Tire bought 15 GCR Tires & Service stores, two retread plants and one off-the-road (OTR) tire repair shop in eastern Canada from Bridgestone Canada Inc. The deal covers GCR stores and retread plants in Newfoundland, Nova Scotia, New Brunswick, Ontario and Quebec, which serve consumer customers alongside the commercial ...
Tire Business ranks Top 75 global tire makers in 2022
WEBAug 26, 2022 · Tire Business ranks Top 75 global tire makers in 2022. The 37th annual Global Tire Report rankings, based on 2021 tire sales, showed record year for the industry. If 2020 was the global tire industry's "asterisk" year — due to COVID-19 and the associated global economic impact — 2021 might be viewed as a statistical anomaly, gaining back ...