Service Tire Truck Centers Inc. (STTC) opens retread plant in Millville, New Jersey
Michelin to expand its distribution
network in retread tire market with the assistance of Service Tire Truck
Centers Inc. (STTC)
United
States: Service Tire
Truck Centers Inc. (STTC) expands its network of retread tires, with the
opening of a retread plant in Millville, New Jersey. The plant employs Michelin
Retread Technology (MRT) which uses Oliver Rubber materials and processes.
Oliver Rubber Co. L.L.C. is a retread tyre subsidiary of Michelin North America
Inc. Currently, the dealer operates three MRT-based retread plants in its
Eastern Seaboard distribution, including the plant in Millville.
Walter Deal-trey, the Chairman of STTC
said,” adding the Oliver
product line, positions his company to provide the right tread for any type of
customer or government entity. Inter modal companies realize the importance of
having quality retreads to minimize their tire-related downtime. For us, Oliver
will fill that need.”
The recent report published by TechSci Research, “United States Tyre Market Forecast and Opportunities, 2020”
depicts that the United States is the second largest automobile market in the
world the country, with a motorization rate of more than 790 vehicles per 1,000
individuals (for passenger cars and commercial vehicles). Decline in the oil
prices and strengthening of dollar are anticipate to aid the expanding
automobile fleet, which would boost the tire demand in the country.
As per TechSci Research, the opening of
new retread plant in the country will strengthen Michelin’s hold in the United
States retread tire market. Further, commercial truck owners and inter modal companies would also get benefit from the new plant, on account of minimizing
the tire-related downtime.