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Goodyear plant to be built in Mexico

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According to numerous news sources, including Reuters and The Wall Street Journal, Goodyear Tire & Rubber will later today announce its decision to locate the company’s new factory for the Americas in Mexico’s San Luis Potosi state. Mexico was on a shortlist of potential sites for the new plant that reportedly also included Brazil, Columbia and, initially at least, the USA. Mexico’s President, Enrique Peña Nieto, will apparently announce his country’s selection by Goodyear together with senior company executives.

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  1. Mexico plant our ‘most technologically advanced’, says Goodyear
  2. U.S. Senator to Goodyear: Workers are ‘tired of this corporate race to the bottom’
  3. Groundbreaking held for Goodyear’s Mexican tyre plant
  4. Goodyear launches fleet servicing platform at CES
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Cooper appoints ex-Apollo exec Ceneviz

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Cooper Tire & Rubber Company has appointed ex Apollo Verdestein European president Luis Ceneviz as its managing director – Latin America Tire Operations effective 1 March 2015. In this new role, Ceneviz will be responsible for the company’s business throughout Latin America, including Central and South America, as well as Mexico, where Cooper has a sales and marketing organization and participates in a joint venture tyre manufacturing operation near Guadalajara. He will report to Brad Hughes, Cooper’s chief operating officer.

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Bridgestone tyre factory gains two Wildlife Habitat Council certifications

The Wildlife Habitat Council (WHC) has granted Bridgestone Americas’ Monterrey tyre factory in Mexico Corporate Lands for Learning and Wildlife at Work certification. The passenger car and light truck tyre manufacturing facility thus becomes the first Bridgestone plant outside the US to receive these two certifications. In addition, the Monterrey plant was a runner-up for the Corporate Lands for Learning 2014 Rookie of the Year award.

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Brembo to invest €32 million in Mexico caliper plant

Leading Italian brake brand, Brembo, has announced plans to invest 32 million euros in an aluminium brake caliper manufacturing facility in Escobedo, Nuevo Leon, just outside of Monterrey, Mexico. According to the company, the plant will include a new aluminium foundry and machining facility capable of producing two million calipers per year destined for the company’s customers in the NAFTA region. The foundry will have a melting capacity of 14,000 tons. The facility will cover 31,500 square metres and when fully operational is expected to generate an annual turnover of 100 million euros. The plant is expected to commence initial production in 2016 and be fully operational by the end of 2018.

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Further details on Goodyear’s Americas investments

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At the end of May, Goodyear Tire & Rubber shared details of its plans to increase its consumer tyre capacity in the Americas by 12 million units a year between 2013 and 2019 by erecting a new factory and upgrading existing plants. Further details on these projects have been published by “agência latinapress”; on 27 June, it reported Goodyear’s Latin American region president Jamie Szulc as saying the tyre maker is looking at sites in Brazil, Columbia, Mexico and the US for its greenfield facility, which will have an annual capacity of 6 million tyres. Szulc is also quoted as saying that investments in Goodyear plants in Venezuela, Peru and Columbia are on the cards.

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Mexico tyre market grew at 19% CAGR 2009-2012

Tyre market revenues in Mexico grew at around 19 per cent compound annual growth rate (CAGR) between 2009 and 2012, according to a report published by Research and Markets.

The combination of Mexico’s relatively cheap skilled labour, proximity to the United States, membership of NAFTA and 12 free trade agreements with world’s growing economies such as EU, Japan, Canada, and the United States, are said to have made the country “an ideal production centre for automobiles and components”. However the report also suggests that the automobile population in Mexico is underperforming with only 275 cars per 1,000 people as of 2012.

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Toyo establishes Mexican subsidiary

Toyo Tire & Rubber reports it has expanded its automotive operations in the Americas with the establishment of Toyo Automotive Parts De Mexico S.A. DE C.V. The subsidiary specialises in automotive anti-vibration products and began operation in January. The Japanese company says the opening of Toyo Automotive Parts De Mexico will enable it to bolster sales of automotive anti-vibration rubber products in the global market through the creation of an optimal supply structure in Mexico, a location it expects will continue to grow as a global production and export base for motor vehicles.

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What the rise of BRIC and MINT economies means for the tyre market

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MINT economies

OK so the fact that China is the world’s largest tyre producer, the largest car maker, has the largest population and is likely to be the largest economy soon means that it is massively premature to write off the People’s Republic. Rapid growth and the huge scale of Brazil, Russia and India means these markets are still should be the focus of much attention. However, many international businesses have already latched onto this. So if everyone is competing for what they perceive as the same low-hanging fruit other opportunities could be going missing…or at least that is the question that is being raised in banking circles.

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Popular travel blogging family prefers Avon Tyres

A motorcycling blogger and his family have fitted the Avon Distanzia to their two Triumph Bonnevilles and single-cylinder Yamaha XT660R for their holiday circumnavigating the globe. Aad Schram, his wife Jeannette and son Mike are currently in South America, and are uploading dispatches from their adventures, which began in 2012, to popular website earth-roamers.blogspot.com. Aad […]

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Team Toyo racer wins Baja 1000

This year’s Baja 1000 was won by BJ Baldwin, racing for Toyo Tire U.S.A. Corp. Commenting on his win in the 883.1 mile race held on Mexico’s Baja California Peninsula, the tyre maker describes Baldwin’s race time of 18:36:10 as “impressive”. Toyo says Baldwin “blazed the course” in a Chevy Silverado Trophy Truck equipped with size 39×13.50 R17 Toyo Open Country off-road tyres.

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Robert Harrelson named VP of HR at YTC

Yokohama Tire Corporation (YTC) has named Robert Harrelson as its new vice president of human resources and administration. With his appointment, Harrelson will be responsible for the integration of human resources strategies, plans and programs across all of YTC’s North American operations. Harrelson replaces Rex Simpson, who retired in September.

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Mendoza head of Conti’s ‘CAMEXCA’ region

Continental Tire the Americas’ head of Commercial Vehicle Tire sales, Javier Mendoza, has taken on a new role within the company. On 1 August, he began as head of the CAMEXCA (Mexico, Caribbean and Central America) market for Continental Tire de Mexico. In addition to this role, he also will be responsible for heading up the company’s Passenger and Light Truck tyre replacement sales business.

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Tornel operation gives JK Tyre quarter profit a boost

In its financial results for the March to June quarter – the first quarter of its current financial year – JK Tyre posted a net profit of Rs 540.4 million (£5.7 million), a year-on-year increase of 265.9 per cent. Quarter net sales came to Rs 18,669.4 (£196.0 million), 3.3 per cent higher than in the first quarter of 2012.

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Yokohama to make air-con hoses in Mexico

The Yokohama Rubber Co., Ltd. subsidiary YH America, Inc. (YHAI) will produce automotive air conditioning hoses in Mexico next year. According to the company YHAI plans to begin delivery of the hoses to a Japanese car maker in Mexico from summer 2014. To limit the investment burden, YHAI will consign assembly to a local company rather than build its own plant. It also aims to use the Mexican output to expand transactions with Japanese car makers and with the US Big Three. Local Mexican production will be located in the suburbs of the west central Mexican city of Aguascalientes, where a number of auto makers have established plants.

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