London - Continental Tyre Group officials rolled into London on 22 Feb to show off recent UK acquisition Bandvulc and explain some of parent Continental AG’s plans for the retread tire sector.
Acquired last summer, the Ivybridge, Devon-based truck tire retreader is seen as representing a ‘missing piece in the jigsaw’ for the German group - a relative newcomer to this sector.
Embarking on a strategy to offer a ‘full life-cycle package’ to the tire market, Conti opened a retread plant for truck and bus tires at its site in Hanover-Stoecken, Germany in 2013. The €10 million, 100-employee facility is designed to link retreading with recycling operations at the site.
Then came the acquisition of Bandvulc - now a wholly owned subsidiary of Continental UK Group Holdings Ltd – in July 2016. The UK company employs around 460 people and has an estimated turnover of around £60 million (€71 million) – generated largely in the UK and Ireland but also from accounts in Europe.
As well as a retreads production unit in Devon, Bandvulc says it operates a large fleet management operation, managing 1 million wheels; three distribution facilities; and five service centres.