How do you see the scope of tyre retreading industry and its future growth?

Our focus is on Europe, and the fact that Europe has a high density of population, the transport infrastructure depends heavily on road transport. Therefore, the potential in tyre demand remains at a high level. This assumption is also proven by the fact that over the past years the number of sold commercial vehicles has increased. And even the retreading market has shown a slight increase during 2018/2019 after many years of decline.  Analyst report there is an approximate share of 20% of truck retreads vs new tyres.

Needless to say, the current Covid-19 crisis has caused an eruption in the world, and nobody knows for sure which total effects this will cause, but one point is definitely sure – especially during the crisis, the key focus is trying to save resources and work most economically. On top we believe, that exactly this mindset will support the retreading industry, as retreading is unquestionably a part of the tyre industry which ensures the sustainability of resources.

We at NEROFORCE remain optimistically during these tough times.

What are your products/services to the sector?

Our goal is to offer the retreaders a full range of consumables, tools and equipment of high quality and performance. We are professionals in buffing & grinding tools and offering the widest range of different grinding tools. We re-develop and improve conventional tools, pushing the boundaries of state-of-the-art engineering. Focus during the production processes is to ensure the best performance & quality of our products and bring them to the market at the most economical and environmentally friendly level as possible.

From my own experience, many traditional companies are simply offering what they have offered for the past decades. Therefore, quite often the potential of modernisation, re-engineering or the upgrading of the tools & manufacturing to meet today’s standards has been missed.

Next to the NEROFORCE branded products, we also offer other brands, which have not neglected the above described evolution and are also able to offer modern and state-of-the-art quality products. With this complete offer, our customers can be assured, that they get the best of the best available in the market from NEROFORCE.

What gives your products the competitive edge in the market?

As mentioned above, it is the simple fact, that we do not offer conventional or “old-fashioned” products, but mainly re-engineered tools in terms of material, production process or improved usage scenarios. At all times, a high level of quality is our main driver.

How did you manage operations during the current pandemic slowdown?

As we are still a young company, we were surely struggling at some point. But since we have not yet built a big and costly organisation with a large overhead, it was probably easier for us than for bigger companies to apply saving processes or work most economically. Today, we have a very economic and healthy structure and surely can and will grow the company at a healthy speed.

 Do you think business operation processes will change in post-COVID times? If so, how?

It will change definitely. COVID forced us to reduce or even stop travelling, attend classic meetings, do sales calls and visits. Therefore, we were all forced to learn other ways of doing our business. And many people, not only in our but many other industries, found that these new ways actually work quite well and they learned that a big part of travelling around can be reduced considerably. We have been using the necessary technology for a long time, conducting online meetings, video conferences and chats, but not only from office to office, but also at a factory level, or to demonstrate something or show issues etc.  A lot of companies have not used these technologies, simply because of their old habits.

The same will also apply for the purchasing. Online shopping for tools and consumables in the B2B area was and is still not common in many areas of the industry. But this will happen, and it has to change now. Therefore, we at NEROFORCE are working at high speed on the introduction of our online B2B-ProShop for the Tyre & Retreading Industry. With this project, NEROFORCE will be a leader in presenting, demonstrating and selling the full range of high-quality products in the most convenient and easiest way.

Some details about your network?

Our base is in southern Germany, the geographical centre of Europe. Next to our office & warehouse team we also run a field engineering dept.

Service is our highest priority. And therefore, we work with a highly educated and very motivated team. Our manufacturers & suppliers from Germany, Italy, USA & Asia are selected carefully to ensure their service and quality complies with our philosophy.

 

Indian tyre manufacturer Apollo Tyres Ltd reported a 3% increase in annual revenue to INR 261.23 billion for fiscal year 2024-25, while its net profit fell 35 percent from the previous year.

The company, which markets its products under the Apollo and Vredestein brands, saw its operating profit decline to INR 35.71 billion for the full year, compared with INR 44.47 billion in the previous fiscal year.

For the fourth quarter ended March 31, Apollo Tyres posted a revenue of INR 64.24 billion, up 3% year-on-year, while quarterly net profit dropped to INR 1.85 billion from INR 3.54 billion in the same period last year.

"We acknowledge that our performance over the past few quarters has not met industry benchmarks and our own expectations. After a thorough internal review, we have identified the key challenges that contributed to this underperformance," said Onkar Kanwar, Chairman of Apollo Tyres.

"With targeted strategies now in place to address these issues, we are confident in our ability to deliver stronger results in the coming quarters," he added.

Apollo Tyres, which has manufacturing facilities in India, the Netherlands and Hungary, distributes its products in over 100 countries.

Elmer Wiemer, Chief Financial Officer and designated Chief Executive Officer of Heuver Group, has passed away. The group shared the sad news in a statement announcing that he passed away on 4 May at the age of 48 after a brief illness.

Wiemer has had a lasting impact on the Heuver Group since he took office in 2020. As CFO, he played a pivotal role in bolstering the course, advancing the organisation's professionalism and attaining long-term success. His strategic vision and astute financial sense were always bolstered by a strong sense of accountability and a kind, humane leadership style.

“He was a true inspiration. Elmer’s legacy is tangible in the way we work together, in the culture he helped shape and in the ambitions he helped realise. We lose in him not only a leader, but also a warm personality, a dedicated colleague and a dear friend,” said Heuver Group management.

Goodyear has launched the award-winning Goodyear Eagle F1 Asymmetric 6 tyre in the United States and Canada. The premium summer tyre has emerged the winner in the 2025 AutoBild test for ultra-high-performance (UHP) tyres and is aimed at a wide range of sporty and luxury cars, crossovers and SUVS.

With its unique tread composition that optimises rubber-to-road contact, the Goodyear Eagle F1 Asymmetric 6 offers responsiveness and stability for dynamic driving. While the flexible tyre compound provides better grip in hot weather, the asymmetric tread pattern guarantees rapid responsiveness and traction in turns. To guarantee a peaceful, pleasant ride, the tyre pattern and lightweight design also reduce road noise. Goodyear's SoundComfort and SealTech innovations are two notable features found in certain Eagle F1 Asymmetric 6 fitments. For a more peaceful and elegant driving experience, SoundComfort reduces road noise, while SealTech successfully seals punctures up to five mm. Because of its high load rating and low rolling resistance, it is perfect for contemporary SUVs and electric cars, which require more from their tyres in order to maximise economy and range.

Nearly 90 percent of SKUs for the Goodyear Eagle F1 Asymmetric 6 are 18 inches or greater, with over 100 sizes available in the 17–23-inch range. Numerous well-known automobiles, such as the BMW M3/M4/X3/X4/X5/X6/X7, Audi A4/S4/A5/S5/A3/S3, Mercedes C-Class, Porsche Macan/Boxster/Cayman and Cayenne, and Tesla Model S, may be fitted with the Goodyear Eagle F1 Asymmetric 6. Customers may feel more secure about their purchase with the Goodyear Eagle F1 Asymmetric 6's 30,000-mile (50,000-kilometre) tread life limited guarantee. It is available at authorised Goodyear retailers across the United States and Canada.

Ryan Waldron, President, Goodyear Americas, said, "The Goodyear Eagle F1 Asymmetric 6 represents the next evolution of ultra-high-performance summer tyre, delivering precision, grip and comfort for drivers. As an award-winning tyre designed for a wide range of sporty and luxury vehicles, including the larger rim sizes on many of these vehicles, it provides a driving experience tailored to today's most premium enthusiasts. We're proud to introduce this globally recognised product to North America, bringing advanced technology and innovation that keeps drivers confident on the road."

Toyo Tires reported record first-quarter sales of 135.5 billion yen ($880 million), marking a 6.2 percent increase year over year and reaching its highest level since adopting its current accounting period in 2013. Despite the top-line growth, operating income fell 13.7 percent to 22.4 billion yen due to rising raw material costs and foreign exchange headwinds.

“Strong sales of large-diameter tyres in North America drove revenue growth but couldn’t fully offset higher production costs,” said the company in its earnings statement. The Japanese tyre maker saw a 7.7 percent sales increase in North America, which remains its largest market.

Profit Squeeze

Ordinary income plunged 42.7 percent to 18.3 billion yen, while profit attributable to owners dropped 41.4 percent to 13.5 billion yen, primarily due to foreign exchange losses from the yen’s appreciation. The Japanese currency strengthened to 154 yen per dollar during the quarter, compared to 146 yen in the year-ago period.

The company maintained its full-year forecast, projecting annual sales of 585 billion yen, up 3.5 percent from FY2024. Operating income is expected to reach 85 billion yen, down 9.6 percent , with operating margin declining to 14.5 percent from 16.6 percent last year. The annual dividend forecast is 125 yen per share, up from 120 yen in the previous fiscal year.

“Assuming tariff impact can be absorbed with appropriate measures, earnings forecasts for FY2025 remain unchanged,” the company stated, maintaining its dividend payout ratio target of 30 percent  or higher.

Production and Expansion

The tyre maker plans to increase production volume by 6 percent in FY2025 compared to the previous year, with significant growth in both Japanese and European operations. First-quarter global production volume was 59,100 tons, representing 98 percent of the previous year's level.

Capital investment for FY2025 is projected at 35.6 billion yen, up from 25.6 billion yen in FY2024, signalling continued expansion despite market headwinds. The company has invested 194 billion yen in capital expenditures over the past five years.

Market Conditions and Raw Materials

Raw material costs continue to pressure margins, with the company projecting a negative impact of 10.5 billion yen for FY2025. Natural rubber price increases are expected to cost 7.4 billion yen, while petroleum products will add 2.0 billion yen in costs, and other materials will contribute 1.1 billion yen to the cost pressure.

First-quarter sales volume showed strong recovery in the Japanese replacement tyre market, reaching 97 percent of the previous year’s level. In comparison, North America demonstrated robust growth at 105 percent year-over-year.

Product Innovation and Corporate Initiatives

The company recently launched premium tyres for high-roof kei cars in Japan with enhanced wet grip performance. These tyres feature eco-friendly materials that improve wet braking performance by 12 percent while reducing rolling resistance by 9 percent.

In March, the company introduced new SUV tyres designed specifically for quiet city driving that meet the “Low Car Exterior Sound Tyres" voluntary standard established by the Japan Automobile Tyre Manufacturers Association.