Looks Like Truck Tire Production Will Rise in the Next 5 Years

Bob Ulrich
Posted on December 20, 2017
Ding Yuhua (right), Triangle Tire chairman, talks with Tony Copeland, North Carolina Dept. of Commerce secretary (center) and Phil Berger, state senator. Triangle Tire USA VP of Sales Rick Phillips and CEO Manny Cicero are in the background behind Ding.
Ding Yuhua (right), Triangle Tire chairman, talks with Tony Copeland, North Carolina Dept. of Commerce secretary (center) and Phil Berger, state senator. Triangle Tire USA VP of Sales Rick Phillips and CEO Manny Cicero are in the background behind Ding.

For all of you commercial truck tire dealers and manufacturers, remember the first quarter of this year? No? I’m guessing that is the result of selective memory. It was pretty slow, and that is an understatement.

Market demand has picked up since then, to the point where shipments in the U.S. will be higher this year compared to last year. Much higher.

The turnaround may have started when the International Trade Commission voted against imposing tariffs on truck and bus tires manufactured in China and imported into the U.S. last February. But increased imports from China wouldn’t increase shipments if not for demand.

The U.S. Tire Manufacturers Association predicts domestic replacement truck tire shipments will finish 2017 at 19.4 million units, not only a 4.3% increase over last year, but also a record.

New players are taking notice. The Dec. 19, 2017, announcement by Triangle Tyre Co. Ltd. to build a new consumer tire plant in Edgecombe County, N.C., will lead to two plants built in two phases. The first is consumer tire production. The second, to be completed by 2023, is a truck tire plant, to be built next to the first facility.

The importance of Phase Two is not surprising. Earlier this year, Triangle Tire USA hired Rick Phillips away from Yokohama Tire Corp. to be its vice president of sales. Phillips was instrumental in the building of Yokohama's new commercial truck tire plant in West Point, Miss.

When Hankook Tire America Corp. held the grand opening of its consumer tire plant in Clarksville, Tenn., in October, future medium truck tire production was mentioned to me as a possibility by more than one Hankook employee (although Hankook Tire Co. Ltd. CEO Seung Hwa Suh said the company is not looking beyond the first two phases, which center on consumer tire production).

USTMA also estimates domestic original equipment truck tire shipments will be up 8% this year. With overall demand for truck tires at an all-time high, maybe we’ll see more manufacturers building truck tire plants in the U.S.

Related Topics: Clarksville, Edgecombe County, Rick Phillips, Seung Hwa Suh, truck tire plants, Truck tire shipments, truck tires, USTMA

Bob Ulrich Editor
Comments ( 1 )
  • HALUK KIZILAY

     | about 4 months ago

    I fully agree. TBR production will be sharply increased in the next 5 - 10 years by having such investments. It would also effect all industry including testing and field engineering.

More Stories
The top reason buyers attend AAPEX is to find the latest new products in the global automotive aftermarket industry. 
News

Survey Respondents Give AAPEX High Marks

Ninety percent of buyers who attended the 2017 Automotive Aftermarket Products Expo (AAPEX) said they are likely to attend this year’s event, according to the associations that present it.  

The Globestar WT was developed to meet the need for wide-tread tires.
News

GRI Takes New Tires to International Fairs

The work by Global Rubber Industries Pvt. Ltd. (GRI) to expand its reach into the agricultural and construction industries continues with the launch of new material handling tires, construction tires and skid steer tires.

News

Ricky Benton Racing Is Headed to Talladega

The last time Timothy Peters partnered with Ricky Benton Racing (RBR), the pairing resulted in a seventh-place finish in the NASCAR Camping World Truck Series (NCWTS) at the half-mile Martinsville Speedway. The team and driver are renewing their partnership in a bigger way.  

News

Maxxis Sponsors Future Tire Contest for College Students

Maxxis International is sponsoring the Future Tire category of an innovation contest open to any undergraduate or graduate student in the U.S. The company wants to encourage promising science, technology, engineering and math (STEM) students to consider entering the tire industry.  

S.U.R.&R. says The process for applying Oil Baron is the same as with conventional soap-based and acid-based products, but is more effective, safe, less expensive and lasts longer.
Product

S.U.R.&R. Has New Oil Surface Cleaner

The new Oil Baron product line from S.U.R.&R. is designed to eliminate hydrocarbon spills and stains, making them nonflammable and nonhazardous in a matter of minutes.

Be the First to Know

Get the latest news and most popular articles from MTD delivered straight to your inbox. Stay on top of the tire industry and don't miss a thing!