fbpx
Connect with us

Wennemer: Retreading Is Not Continental’s ‘Core Business’

(Clacton, U.K./Tyres & Accessories) Following the news of Bandag’s sale to Bridgestone, Continental AG CEO Manfred Wennemer told journalists that a strategic acquisition of Bandag would have been too expensive and did not fit into the company’s strategy.

Advertisement

Speaking to a group of journalists, Wennemer added: “Retreading is not core business for Continental.”

Advertisement

While company executives may be trying to distance Continental from the retreading side of the commercial vehicle business, the exact effect Bridgestone’s acquisition will have on Continental’s partnership with Bandag remains to be seen.

During a central London media briefing, presented by Continental UK commercial product marketing manager Jill Rodgers and truck and remould brand manager Mike Nyrem, Nyren stated that Continental research shows precure retreads only make up 25% of the U.K. retread market. Tyres & Accessories’ research, based on 2005 statistics and published in the June 2006 Retreading Special suggests that the precure share of the market was around 57%.

Advertisement

At the briefing, the day after the news of Bandag’s sale broke, Nyren told Tyres & Accessories that he saw it as an “interesting development” that follows Bridgestone’s active development in the commercial vehicle market.

Advertisement
Click to comment

POPULAR POSTS

TPMS-Light-1400 TPMS-Light-1400

TPMS

Tips for Turning Off the TPMS Light

Agrimax RT765 BKT Agrimax RT765 BKT

Sponsored Content

BKT’s Tips to Deal with Ag Tires on Steep Slopes

Tires

Continental Tire Launches ExtremeContact Sport02

Sponsored Content

New Skid Steer Radial Designed With Dealers and Operators

Connect
Tire Review Magazine