Cooper Tire & Rubber Company has completed the acquisition its Mexico joint venture tyre manufacturing facility, Corporación de Occidente S. A. de C.V. (COOCSA). The agreement to increase its shareholding from 58 to 100 per cent was announced on 1 November 2019.
Yokohama Rubber has announced another original equipment supply agreement, this time for North America. Its Yokohama Avid S34RV has been chosen as an original equipment tyre for 2020 Chrysler Voyager models sold in the US and Mexican markets. The Voyager will wear the tyre in size 235/65R17 104T.
Retreading machinery manufacturer TRM reports that it has just delivered “the most modern OTR retread plant” to Kal Tire Mexico operation. The factory, located in the desert of Sonora, close to the biggest open-pit copper mine in Mexico and one of the largest mines in the world, was put in operation via the collaboration of Kal Tire’s Mexican field team TRM’s technical team.
Cooper Tire & Rubber Company intends to completely acquire its joint venture tyre manufacturing facility in Mexico. It currently holds a 58 per cent share in Corporación de Occidente S.A. de C.V. (COOCSA), but has entered into a definitive agreement with partner Trabajadores Democraticos de Occidente S.C. de R.L. de C.V. (TRADOC) to acquire its 42 per cent stake. On Friday, a majority of TRADOC members voted in favour of the agreement.
On the other side of the Atlantic Galgo and Cooper Tires have partnered to “increase productivity, meet customer needs and provide cost savings, by collaborating to align product warranties on new tyres”.
The U.S. Senator representing the home state of Goodyear Tire & Rubber Company has written to the tyre maker, imploring it to improve the renumeration and treatment it gives workers at its plant in San Luis Potosí, Mexico. Sherrod Brown, Senator for Ohio, urged Richard Kramer, Goodyear’s chairman, president and chief executive officer, to “take immediate steps” to improve both. He also criticised Goodyear’s decision to recently prevent Members of the United States Congress from touring the facility.
A number of US lawmakers have criticized Goodyear Tire & Rubber over its treatment of workers at its San Luis Potosi, Mexico tyre factory in a letter to CEO Richard Kramer. Democratic Representatives Rosa DeLauro, Terri Sewell and Jimmy Gomez signed the letter and complained that their access to the site was limited.
Galgo has earned the distinction of being an ESR “Socially Responsible Company” for the eighth consecutive year. This award is given by the Mexican Center for Philanthropy (Cemefi) and the Alliance for Corporate Social Responsibly (AliaRSE) and is presented to organizations that are committed to engaging with and supporting social and environmental protection programs within their community.
Vipal Rubber Mexican partner Llanco recently opened its second unit in the country, in Nuevo Laredo, in the state of Tamaulipas.
At a ceremony held at the Mexican Embassy in Rome on Monday, the Águila Azteca (Order of the Aztec Eagle) was bestowed upon Marco Tronchetti Provera. The Pirelli executive vice-president and chief executive offer received this, the highest honour the government of Mexico grants to foreigners, for services rendered to the country.
After 52 years in the tyre industry, including 19 at Yokohama Tire Corporation, Gary Nash is retiring on 31 March. His position as president of Yokohama Tire Mexico (YTMX) has been handed over to Humberto Gomez, who began in the role on 1 January 2018.
Bridgestone Americas (Bridgestone) and NRGene, a genomic big data solutions company, are collaborating on research efforts to enhance the company’s US alternative domestic natural rubber breeding programme. They will be working in tandem to sequence and assemble multiple genomes of guayule, a rubber-producing plant indigenous to the hot, dry environments of the Southwestern United States and North Central Mexico, to develop new, high-yielding varieties. The first-ever, two guayule genomes have already been sequenced and completely assembled and a physical and genetic map are being developed which will provide a high level of accuracy and efficiency for breeding improvement.
Yokohama Tire Corporation (YTC) has become the title sponsor of the 2018 Sonora Rally. The fourth running of the popular “hardcore off-road rally” in Mexico’s Sonora desert takes place 19-24 March.
Some of the closest World Endurance Championship racing of the season was witnessed at the 6 Hours of Mexico, as Dunlop supplied the tyres to the winners of all three classes in which the brand was present. In addition all three steps on a GT class podium were claimed by Dunlop drivers for the first time since the WEC was formed in 2012.
Chinese tyre maker Shandong Linglong Tire co. Ltd. has opened new subsidiaries in Luxembourg and Mexico City. According to Linglong Tire the Mexico tyre unit, Elite Faith Mexico, S.A. DE C.V., and Luxembourg investment unit Linglong Luxembourg S.à r.l, will engage in the import and export of tyres and raw materials required for their manufacture.
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