Staff at the company’s facility in Stawell, Victoria, were told on Aug. 1 that the company’s facilities would cease operating, effective immediately. The decision affects 34 staff in Stawell, along with a further eight in Melbourne.  

In a statement released on Aug. 2, the company cited difficult trading conditions for the closure. Tyre imports, along with increased materials and distribution costs, were named as key factors. “Over the past three years, management has injected several million dollars into the business, to improve efficiencies in the production and distribution of remoulded tyres and truck treads,” said company director John Bresnehen. “During this time there were also significant efforts made by staff to improve the efficiency of the business.

“Despite the efforts of management and staff the tyre remoulding business is simply not cost-competitive,” he added. “Over the past six months, management has explored a number of ways to keep the business running as a going concern. Unfortunately these options have not been successful.”  (Tyres & Accessories/Staffordshire, U.K.)