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Bridgestone steelworkers talks break down

Talks between the United Steelworkers of America and Bridgestone/Firestone broke off in St. Louis yesterday. ”We told them the offer that was on the table is not something we could work from,” said Chuck Armstrong, co-ordinator for the union’s Bridgestone/Firestone Council. The company’s offer sought concessions on pension and health-care benefits and did not address key items found in the Steelworkers’ labour agreement reached with Goodyear Tire and Rubber this past summer. Bridgestone/Firestone spokes-man Dan McDonald declined to go into details but said the company and the union faced many ”hard issues” that needed to be discussed to reach a consensus.

13th November 2003/by Tyrepress Editors

Bridgestone to supply Airbus with plane tyres

Bridgestone Corp, Japan’s biggest tyre maker, said on Wednesday that European plane maker Airbus will use its tyres on all its aircraft. Bridgestone, which already supplies tyres to Airbus’s rival Boeing, said in a statement that it had certified its tyres for use on all aircraft models, ranging from the long-range A330 to the single-aisle A320 planes. The deal follows an announcement in June that Bridgestone will supply tyres for Airbus’s A380 — a next-generation super jumbo that is being touted as the world’s biggest passenger plane and is due to go into service in early 2006. A Bridgestone spokeswoman said the latest agreement would help boost sales of Bridgestone’s aircraft tyre business but would have a negligible impact on its earnings outlook. Bridgestone has one-third of the global market for passenger aircraft tyres, and its annual aircraft tyre sales came to around 10 billion yen (80 million euro), or 0.5 percent of total revenues, in 2002/03.

5th November 2003/by Tyrepress Editors

SmarTire appoints Chinese distributor

SmarTire has appointed Beijing Boom Technology Co. Ltd. as the master distributor for its tyre pressure monitoring systems in China. Under the agreement, the Chinese company will purchase $1.5 million worth of aftermarket TPMS over the next twelve months and $3.9 million worth in the twelve months commencing 1st September 2004.

23rd October 2003/by Tyrepress Editors

SmarTire signs contract with Korean electronics company

SmarTire has signed a contract manufacturing services agreement with Hyundai Autonet Company (HACO), a Korean automotive electronics company, whereby HACO will manufacture SmarTire’s tyre pressure monitoring systems for global sale and distribution by SmarTire. HACO is a subsidiary of the Hyundai Group.

22nd October 2003/by Tyrepress Editors

Lex buys millionth tyre from Kwik-Fit Fleet

Six years after signing a solus tyre and battery agreement with Kwik-Fit Fleet in 1997, Lex Vehicle Leasing purchased its millionth tyre. Lex operates a fleet of 100,000 vehicles and the company has signed an extension to the contract until December 2005. For the record, the one millionth tyre was a Michelin 7.50 R16, fitted to an RAF-operated Land Rover Defender.

22nd October 2003/by Tyrepress Editors

Bridgestone/Firestone signs deal with Paccar

Bridgestone/Firestone North American Tire have signed a ten-year agreement to continue to supply tyres as OE on Kenworth and Peterbilt trucks and other Paccar vehicles. Bridgestone was named as “standard OE tyre” by Paccar back in 1991 and are supplied on all new vehicles in the USA unless the customer specifies otherwise. In Europe, Paccar supplies vehicles under the DAF, Foden and Leyland names.

17th October 2003/by Tyrepress Editors

SmarTire signs agreement with Haldex

SmarTire Systems Inc., announced today that it has signed a co-development and marketing agreement and a supply agreement with Haldex Brake Products Limited. Under the terms of these agreements, Haldex and SmarTire will engage in a joint development program to integrate SmarTire’s tire pressure monitoring systems with Haldex’s brake systems and create commercial vehicle products for marketing and resale by Haldex. These new, innovative products will be available for both OEM and aftermarket applications involving trucks, trailers and buses.

15th October 2003/by Tyrepress Editors

Goodyear announces Huntsville closure plans

Goodyear has announced plans to close its factory at Huntsville, Alabama, by December 5th, affecting around 1,100 associates. The closure of Huntsville was widely expected, following the recently-ratified labour agreement with unions. Meanwhile, union representatives at the Kelly-Springfield plant in Tyler, Texas, say that tyre production has been cut by 11,000 units a day and up to 200 workers could be laid off by mid-November, hopefully only temporarily, says the union.

7th October 2003/by Tyrepress Editors

Extended steam agreement with Dayton Tire

Smith Cogeneration, of Oklahoma City has signed an agreement with Dayton Tire Company. The accord provides a seven-year extension of their agreement to provide low-cost steam as a byproduct of their electric power, cogeneration plant. The PowerSmith cogeneration power plant began service in 1989 supplying
low-cost steam to Bridgestone at a time when the tire plant was scheduled to be shutdown due to high costs. After the closure announcement, PowerSmith offered to provide low-cost steam by building a cogeneration
plant adjacent to the tyre plant. The plant would generate 110 MW of electric power and produce 80,000 lbs of steam per hour to be used in Firestone’s tyre making facility. Today the plant produces some 44,000 tyres per day and is one of the most efficient in the US.

3rd October 2003/by Tyrepress Editors

Amcast Refinances Casting Technology Company

Amcast Industrial Corporation has announced that its wholly-owned Casting Technology Company signed a credit agreement with The Provident Bank. This agreement provides for a three-year revolving line of credit of up to 5 million dollars and a five-year term loan of 3 million dollars.
Joseph R. Grewe, President and CEO of Amcast, said, “We are extremely pleased with this new credit facility for CTC. This demonstrates the confidence that The Provident Bank has in CTC’s continuing improved performance. CTC has implemented a number of initiatives under the Amcast Production System which has resulted in improved quality and delivery to our customers as well as improved profitability for our shareholders. We look forward to a lasting relationship with Provident.”

22nd September 2003/by Tyrepress Editors

Goodyear declares agreement with the steelworkers

Today at 10 a.m. (New York time) Goodyear CEO Robert Keegan and the president of the North American Tire Division, Jonathan Rich, will explain to journalists and analysts the details of the newly ratified contract agreement with the United Steelworkers of America (USWA). The management describes the agreement as being “fair and innovative”. It is expected that Keegan and Rich will comment on the company’s North American tyre business in quarter three where insiders don’t detect any improvements; and indeed the general conditions are not beneficial to the turnaround plan. For example the material costs are rising and will contribute to another quarter with high losses. All signs indicate that Goodyear’s figures will be worse than last year’s.

22nd September 2003/by Tyrepress Editors

Goodyear Labour Agreement Looks Set For Approval

The website of the United Steelworkers of America shows that, of the 10 Goodyear factories that have voted so far whether or not to accept the proposed new labour deal, thrashed out between the company and the union, nine have voted for acceptance. The lone dissenting voice is that of the factory at Union City, Tennessee, where 52 per cent of the workforce voted to reject the deal. In order to be ratified, the deal needs the support of the majority of the plants and of the majority of the union members.

10th September 2003/by Tyrepress Editors

Cooper To Sponsor Formula Ford 2000 Championship

Cooper Tire & Rubber has announced a five-year agreement in the USA with Formula Motorsports Inc to create the Cooper Tire Championship Series, which will be the home of the Formula Ford 2000 Zetec racing programme. There will be three categories, all using Cooper Zeon racing radials. Cooper chairman, president and CEO Thomas A. Dattilo said that the group has a rich racing heritage in Europe with Avon tyres and it wants to expand this expertise more aggressively in other markets.

8th September 2003/by Tyrepress Editors

Goodyear draws line in the sand

Goodyear Tire & Rubber Co. has set a deadline for reaching a tentative labour agreement with the United Steelworkers of America, a spokesman for the union said on Thursday. Goodyear has told union leaders that it will move forward with unspecified plans to secure the company’s future if a deal is not struck by midday on Friday, the union said.
Goodyear and the steelworkers have been unable to reach a compromise on key issues of job security, financial restructuring and health care for current and retired employees.

15th August 2003/by Tyrepress Editors

Goodyear/Steelworkers To Resume Talks

Goodyear is to resume talks with the United Steelworkers of America next week in Cincinnati, concerning a master contract agreement, covering some 16,000 associates at 14 facilities. Talks have been stalled since the USWA rejected a company proposal in June.

1st August 2003/by Tyrepress Editors