Modern Tire Dealer

MAR 2019

Magazine for the professional tire industry

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Page 13 of 77

M T D M a r c h 2 0 1 9 12 N e w s / V i e w s Tenneco names spin-off DRiV Inc. is the name of the future publicly traded aftermarket and ride performance company that will launch in the second half of this year, following Tenneco Inc.'s separation into two independent companies. Nokian is honored Nokian Tyres plc earned the Silver Class distinction in the RobecoSam Sustainability Yearbook 2019, a report of how sustain- ability is implemented in companies around the world. More than 2,600 publicly traded companies were evaluated in this year's assessment. TBC Brands adds website TBC Brands LLC has combined its Power King and Harvest King commercial tire brands into a new website. Bridgestone will build plant Bridgestone Americas Inc. will begin building a race tire manufacturing plant in Akron, Ohio, in the summer of 2019. Production is set to begin in 2020 and pro- duction will reach about 30,000 Firehawk tires every year. GRI reaches milestone Global Rubber Industries Pvt. Ltd. (GRI) has released more than 100 unique tire sizes since opening its specialty tire plant in Sri Lanka in January 2018. Agriculture tires are about 70% of the factory's production; the remaining output is pneumatic construction tires and forklift tires. Zafco has new VP John Thomas, who has more than 35 years of experience in the tire industry, has joined Zafco International as west zone vice president of sales. Thomas has previously worked for YC Rubber Co. (North America) LLC, Nexen Tire America Corp. and Sentury Tire USA Inc. Michelin markets to associations Michelin North America Inc. is partnering with seven trade associations as part of its BFGoodrich Tires Tradesmen Support Pro- gram to raise awareness of its BFGoodrich brand. The associations represent 1 million tradesmen and women. Bites Icahn Automotive addresses technician shortage I cahn Automotive Group LLC and its more than 2,000 company-owned and franchise locations are preparing for in- creased demand for automotive service technicians. rough a new program, "Race to 2026," Icahn Automotive is encouraging more men and women to pursue viable careers in the skilled trades by rolling out partnerships with technical training schools; offer- ing scholarships, tuition reimbursement and apprentice programs; and creating internship programs, job placement and continuing education opportunities. LT275/65R18 cracks the top 10 replacement sizes list S ize LT275/65R18 finally made it into the Top 10 list of most popular replace- ment light truck tire sizes. It replaced LT285/75R16 as the 10th most popular replacement LT size. That is not surprising, given that LT275/65R18 has been one of the Top 10 original equipment light truck tire sizes for more than 10 years. The only question is, why did it take so long to crack the Top 10 replacement sizes? According to the preliminary edition of the latest U.S. Tire Manufacturers Associa- tion (USTMA) Factbook, size LT245/75R17 remains the most popular OE size — it has been No. 1 for the last eight years e top six OE sizes represented 59.3% of the total OE LT tires shipped by USTMA members in 2018. On the replacement side, LT265/70R17 replaced LT245/75R16 at the No. 1 spot by one-hundredth of a percentage point. LT245/75R16 had been the most popular replacement LT size since 2008. e top six replacement sizes represented 45.2% of the total replacement light truck tires shipped by USTMA members in 2018. — Bob Ulrich Top 6 OE LT tire sizes in the U.S. in 2018 1. LT245/75R17 13.1% 2. 235/65R16C 11.8% 3. LT275/70R18 10.3% 4. LT275/65R18 8.6% 5. LT225/75R16 8.3% 6. LT265/70R18 7.2% Top 6 replacement LT tire sizes in the U.S. in 2018 1. LT265/70R17 10.1% 2. LT245/75R16 10.0% 3. LT225/75R16 7.1% 4. LT265/75R16 6.4% 5. LT275/70R18 5.8% 6. LT245/75R17 5.8% 2 manufacturers raise commercial tire prices B ridgestone Americas Tire Operations LLC is imposing a double-digit increase on all Dayton-brand truck and bus tires sold in the U.S. e company says as of March 5, 2019, Dayton truck and bus tire prices will go up 20% due to "increased business costs and other market dynamics." e 20% hike follows a 10% increase in September 2018. Toyo Tire U.S.A. Corp. will increase the price of almost all of its commercial tires on May 1. e company says the base price for dealers to purchase Toyo commercial tires will go up by an average of 5% on May 1, 2019. However, the price of the Toyo M320 will remain the same.

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