Retread Industry Update

Dealers should educate fleets about the possible environmental and economic benefits of using retreaded tires.

Although uncertain and with hard times lying ahead of the global retread industry, there are still bright spots and opportunities for further growth within the industry and in many markets.
The mission of the retread industry has always been to deliver a product of high quality at an advantageous price and along with that to also contribute to the environment.

However, the economic savings part of retreading is facing continually increasing short-term pressure because of the ever greater supply and over-supply from China of cheap third- and fourth-tier products.

The retread industry may soon be receiving help from the Department of Commerce, because of their preliminary affirmative finding in their countervailing duty investigation of imported truck and bus tires from China and their continued anti-dumping investigation.

Nevertheless, the retread industry cannot rely only on these measures and must continue to innovate in the industry and to educate people about the economic and environmental benefits of retreaded tires.

The idea behind using retreaded tires, as a part of a fleet’s entire tire management program, is to manage an asset of a value over multiple lives in order to reach the best return on investment and to deliver the lowest cost-per-mile to the business.

However, in the U.S., European and Latin American markets retreaded tires have started to increasingly compete directly with lower-tier new tires. Because of this the Global Retread Symposium in November last year has been jointly hosted with the tire Industry Association (TIA) during the Global Tire Expo.

Similarly, a new Asian Retread Conference in October of 2016 is intending to bring together the best minds in the retread industry and to share best practices, technological developments and pave the way for future growth of retreading.

The Tire Retread & Repair Information Bureau’s (TRIB) mission is “to promote and defend retreading worldwide”, which is considered not to be very difficult, since people quickly understand the great benefits in renewing tires and thus saving raw materials, reducing carbon emissions, reducing landfills and saving considerable amounts of money.

In order for retreading to continue to grow around the world, there must be continued focus on quality and establishing and adhering to recommended practices for tire retreading.
Moreover, overly burdensome regulations rarely bring around anything positive. In the U.S., the retread industry has done well with self-regulating and ensuring that safety and reliability remain top priorities. Keeping a focus on quality is often directly connected to keeping up with technological advancements. Retreaders need to keep investing in order to develop superior compounds and tread designs, as well as in equipment (for example non-destructive testing (NDT) equipment), and to improve both the inspection of tire casings and the finished product itself.
Article source and for more information: Tire Review http://www.tirereview.com/retread-industry-update/?eid=333443039&bid=1518431

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