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Tyres can’t function without this critical raw material. Whether its natural or synthetic rubber you are interested in, articles bearing this tag feature this indispensable polymer.

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Goodyear workers join forces with USWA

About 130 Goodyear Tire & Rubber workers in Statesville (North Carolina) have reason to celebrate today after an independent arbitrator confirmed on Wednesday that a majority of production and maintenance workers have signed United Steelworkers of America (USWA) authorisation cards. They join more than 19,000 USWA members already working at Goodyear facilities in the United States and Canada. The workers, who produce tyre moulds for Goodyear, were organised through a neutrality agreement in the 2003 USWA-Goodyear labour agreement. It says the Union will be recognised as the workers’ bargaining agent if a majority of workers sign USWA authorisation cards.

13th February 2004/by Tyrepress Editors

Yokohama Rubber’s New Belgian Sales Company

Yokohama Rubber Co. established N.V. Yokohama Belgium S.A. in Antwerp to reinforce passenger car tyre marketing in that nation and Luxembourg.

13th February 2004/by Tyrepress Editors

Iran tyre cord player emerges

Saba Tire Cord Manufacturing Complex of Iran has established a nylon tyre cord production facility about 15 km north east of Zanjan, Iran. The operation, which started up in April last year, is the largest such facility in the Middle East region, the company claims. Saba’s 600-employee facility has an annual production capacity of 15,000 tonnes of different tyre cord fabrics. Saba is owned by Rubber Industries Investment & Development Co., an Iranian holding company.

13th February 2004/by Tyrepress Editors

Yokohama to invest in Thai plant (update)

Yokohama Rubber Ltd. plans to invest 5.8 billion yen on a new truck and bus radial tyre factory in Thailand according to Hisakuni Yamashita, president of Yokohama Tyre Manufacturing (Thailand). The Thai unit was set up in January and will commence production in April 2005, with initial annual capacity of 315,000 tires and a final target of 600,000 tires in the second phase. Japan’s Yokohama Rubber owns 95 per cent of the Thai unit while the remaining 5 per cent is owned by T Siam Commercial Ltd., the Yokohama tyre distributor in Thailand.

12th February 2004/by Tyrepress Editors

Goodyear Announces Proposed Private Secured Notes Offering

The Goodyear Tire & Rubber Company has announced its intention to commence a private offering of approximately 650 million US dollar aggregate principal amount of senior secured notes. The final principal amount and note maturities will be determined by market conditions. The senior notes are expected to be secured by junior liens on certain of the collateral securing the company’s senior secured US credit facilities. Goodyear intends to use the proceeds from the offering to prepay its US term loan facility, to reduce a portion of the commitments under its US revolving credit facility, to repay other indebtedness of the company, including temporary reductions of outstanding balances under its revolving lines of credit, and for general corporate purposes.

12th February 2004/by Tyrepress Editors

Fire At Thai Goodyear Plant

A fire that started early Wednesday at a tire factory owned by Goodyear (Thailand) PCL damaged a raw material warehouse, but other operations weren’t affected, a policeman told Dow Jones Newswires.

6th February 2004/by Tyrepress Editors

Goodyear outsourcing 100 jobs

In its latest move to cut costs, Goodyear Tire and Rubber Co. has transferred 100 human resources jobs in Akron to a sub contractor. The company has signed a 10-year agreement with Affiliated Computer Services Inc. of Dallas. All employees affected have been offered jobs at similar conditions with ACS. Some human resources functions will stay in house under the agreement, ACS will provide a wide range of human resources services, including payroll, medical benefits administration, training, recruiting and staffing for all Goodyear employees in North America.

5th February 2004/by Tyrepress Editors

Delphi’s Rodney O’Neal Elected to Goodyear Board

Rodney O’Neal, the president of Delphi Corporation’s Dynamics, Propulsion, Thermal and Interior Sector, has been elected to the Board of Directors of The Goodyear Tire and Rubber Company. “Rodney has demonstrated outstanding leadership throughout his many business management successes at General Motors and Delphi,” said Goodyear Chairman and Chief Executive Officer Robert J. Keegan. “We are confident he will make significant contributions to our board.” In his present position, which he has held since 2003, O’Neal is also responsible for Delphi’s operations in Europe and South America and serves as executive champion for its Ford Motor Company customer team. He is a member of the Delphi Strategy Board, the company’s top internal policy-making group. The election of O’Neal brings the size of Goodyear’s board to ten members, nine of whom are independent..

5th February 2004/by Tyrepress Editors

Bridgestone raises tyre prices

Bridgestone Corporation has announced that it has begun raising tyre prices by around 5 per cent in Asia, Oceania, the Middle East, Africa and Russia to offset the rising cost of natural rubber and other raw materials. The price increases vary by product and by market and largely apply to radial and bias tyres for passenger cars, light trucks, trucks and buses sold under the Bridgestone and Firestone brands.

21st January 2004/by Tyrepress Editors

Cooper Tire Increases Investment

Cooper Tire and Rubber has announced increased capital equipment investments in three of their four US tyre manufacturing facilities. This increase provides additional production capacity of more than 2.4 million units. The 32.1 million US dollar investment will include the purchase of new tyre building machinery and presses and add 116 additional manufacturing employees.

20th January 2004/by Tyrepress Editors

“Spirit of America” to be rebuilt

Goodyear Tire & Rubber Co.’s newest blimp, the “Spirit of America”, which crashed during a landing six weeks ago, will fly again. The company has announced that it will rebuild the damaged airship and return it to the skies by late summer. The rebuilding project will take place at Goodyear’s Wingfoot Lake airship hangar in Suffield Township. The blimp will keep its name, and will not undergo any design changes. The blimp’s envelope sustained a large gash when it hit a fence. Workers will replace the damaged envelope with a spare envelope, which the company already has on hand, spokeswoman Jennifer Arnold said. The gondola suffered minor damages, and will be repaired, she said. The engine, fins and propellers were undamaged, she added.

19th January 2004/by Tyrepress Editors

Goodyear Patents Devulcanizing Process

Goodyear’s process preserves the rubber’s chemical composition and molecular weight, leaving the rubber suitable for re-compounding and re-curing into new products. It uses an environmentally friendly, recyclable solvent. “Initial tests resulted in a 40 percent recovery rate of the raw polymer with its structure essentially preserved, and through process improvements, we’ve been able to achieve an 80 percent recovery level. This demonstrates that the chemistry to recover polymer close to its original state is possible.”

14th January 2004/by Tyrepress Editors

New Bridgestone CEO Eyes Profit-Making

Mark Emkes says his top priority as the new chief executive of Bridgestone Americas Holding Inc. is to make the division he headed the past year turn a profit. As the Nashville-based business continues its turnaround from a devastating tyre recall in 2000, three units are making money. Not Bridgestone/Firestone North American Tire, which includes tyre manufacturing and sales of wholesale and original equipment. “We’ve made nice progress over the last 12 months, but the goal for 2004-2005 is to make that business profitable,” said Emkes, who will continue heading that division even as he takes over the entire company after John Lampe retires on March 31st.

12th January 2004/by Tyrepress Editors

Goodyear majors with Volvo

The Goodyear Tire & Rubber Company has announced that it has reached global supply agreements to become a major tyre supplier to the Volvo Group in Europe and Brazil. Last month, Goodyear was named standard equipment tyre supplier for the Volvo Group’s Volvo and Mack truck operations in North America. Goodyear, with the three-year contracts, will now be a key supplier to the Volvo Group’s three major truck brands – Mack, Renault and Volvo – on three continents. “Reaching this global agreement with a world-class customer such as Volvo is a major accomplishment and a testament to Goodyear’s product quality, technology and customer service – not only on one continent, but on three,” said Robert J. Keegan, Goodyear’s chairman and chief executive officer.

19th December 2003/by Tyrepress Editors

Toyo’s first half figures down

Toyo Tire & Rubber has published its figures for the first half fiscal 2004 (six months ended 30.9.2003), which show a decrease in turnover to 900 million Euro. For the year as a whole, Toyo anticipates a turnover of 1.93 billion Euro, with tyres accounting for 1.233 billion, or 64 per cent. The full year operating income is predicted to be half the previous year’s level, at 50 million Euro, of which 75 per cent will come from tyres.

18th December 2003/by Tyrepress Editors