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Across the Atlantic they are called tires, while over here we use a “Y” and say tyres. This tag provides the latest tyre business news emanating from the United States of America (USA), whichever way you spell it.

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SKS buys Mehler EP’s Martinsville plant assets

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AB Svenskt Konstsilke (SKS), the Swedish-based global leader in single-end cords for tyres, has announced the acquisition of the assets from Mehler EP’s 153,500-square-foot Martinsville plant in SC, USA. According to the company, the equipment will significantly enhance SKS’s production capacity at its facilities in Estonia, China, and Mexico, adding an additional 3,000 tons of single end cord capacity annually. The assets include multiple dipping lines, twisting machines, winders, and a fully equipped laboratory.

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Related news:

  1. What Is The Future For Goodyear?
  2. Analysts: Goodyear break-up is bad news for Sumitomo
  3. Dunlop Aircraft Tyres announces North Carolina as preferred site for US plant
  4. Kumho’s US plant nearing completion
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Tariff talk likely to impact shipping costs

We have already reported how Donald Trump’s second term as US president is likely to result in wide-ranging import tariffs. The kind of 20 per cent general import tariffs and 60 per cent China-specific import tariffs are significant enough, but market analysts are highlighting the secondary impact of tariffs on shipping costs.

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Related news:

  1. Will Europe impose tyre import tariffs?
  2. US imposes Chinese tyre import tariffs
  3. Trump puts 25% import tariff on Chinese aircraft tyres
  4. US puts 10% import tariffs on all Chinese tyres
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Yokohama Tire will fit Advan A005 slicks at Porsche Endurance Challenge North America Finale

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Yokohama Tire will complete the 2024 Porsche Endurance Challenge North America series in Austin, Texas when it fits its Advan A005 slicks exclusively to the grid. The one-make racing event takes place on 22-23 November at Circuit of The Americas (COTA), closing the four-race inaugural season with a six-hour finale following three 60-minute races. For this six-hour event, teams of two to three drivers compete for class wins in a Porsche 718 Cayman GT4 RS Clubsport or a 911 GT3 Cup (Type 992) race car. A coveted overall series championship is also at stake for the stacked field of drivers.

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Related news:

  1. Yokohama control tyre for Porsche Sprint Challenge North America
  2. Yokohama renews title sponsorship of Porsche Sprint Challenge North America and USA West
  3. Yokohama Advan tyres complete inaugural F4 season in expanded 2013 lineup
  4. Yokohama Launches New Ads in US
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Anyline’s tyre sidewall scanner and tread reader solutions deployed at 480 Sun Auto Tire locations

Anyline has announced a partnership with US tyre retailer Sun Auto Tire & Service, under which the company will integrate Anyline’s Tire Sidewall Scanner and Tire Tread Reader technology across its 480 domestic market retail locations. Anyline said the partnership would help elevate data-backed communication and strengthen customer relationships.

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Related news:

  1. Goodyear implements direct online sales in US
  2. Giti wins Walmart award
  3. SimpleTire grew 1197% in three years
  4. Discount Tire opens 1,000th branch
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SRI reports strong business profit growth amid global challenges

Sumitomo Rubber Industries, Ltd. (SRI) has announced its financial results for the nine months ending 30 September 2024, showcasing moderate revenue growth and a significant increase in business profit, despite ongoing challenges in the global economic landscape and sluggish tyre sales in key markets.

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Related news:

  1. SRI closing USA tyre plant
  2. SRI to “optimise” tyre business portfolio
  3. Sumitomo Rubber reports strong Q1 2024 profit growth
  4. New year, new business structure – SRI making changes in North America
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Zynga partners with Toyo on racing game CSR2

Zynga Inc. has partnered with Toyo Tires to bring a custom-built vehicle into the mobile drag racing game CSR2. Fans have been given the chance vote for their favourite custom car showcased at Toyo Tires’ Treadpass event during the SEMA Show in Las Vegas (5-9 November). The winning vehicle will then be implemented into CSR2 as a playable car in 2025.

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Related news:

  1. Dunlop’s Triple Tyre Launch
  2. Final determination given in Toyo design infringement claim
  3. SEMA awarded federal grant to pursue export market growth
  4. US tyre makers urge climate change action
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SRI closing USA tyre plant

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The days of Falken and Dunlop tyre manufacture in North America are numbered. During a Board of Directors meeting held today, Sumitomo Rubber Industries, Ltd. (SRI) resolved to end production at the Tonawanda, New York-based plant operated by its Sumitomo Rubber USA, LLC (SRUSA) subsidiary, and to dissolve the subsidiary after “making the necessary preparations.” This decision affects up to 1,555 employees.

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Related news:

  1. New year, new business structure – SRI making changes in North America
  2. SRI to “optimise” tyre business portfolio
  3. SRI to stop Dunlop production at US plant, focusing on Falken brand
  4. Falken tyre prices going up in North America
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ZC Rubber launches new Westlake truck tyres and Arisun car tyres at SEMA

ZC Rubber showed four of 13 new designs of its Westlake Gen II truck tyre lineup at SEMA 2024 (5-8 November 2024), setting the stage for a “comprehensive North American launch”. At the same time, ZC Rubber has also expanded its ARISUN passenger tyre lineup with two additions.

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Related news:

  1. Arisun and Westlake tyres gain SmartWay accreditation
  2. Tyre makers bring wares to SEMA
  3. Sailun raising prices in North America
  4. Triangle opening first US warehouse
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Hubtrac offering Serbia-made tyres to the US market

In 2025, Hubtrac plans to enter the U.S. market through both online and offline channels, offering 24/7 tyre replacement and maintenance services. Following the completion of its Serbia production base, the Hubtrac brand has announced that tyres made by its German and US design teams are being specifically tailored for the U.S. market.

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Related news:

  1. Hubtrac Europe raises third-quarter 2024 sales forecast
  2. Linglong’s Serbia factory produces first tyre
  3. USA to decide on Thailand tyre duties in March
  4. Hubtrac’s European production base gets $645 million more investment
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Kumho unveils 3 UHP tyres for North America

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The SEMA 2024 show debuts today in Las Vegas, and at the event Kumho Tire U.S.A. is launching no less than three ultra-high-performance tyres for North American customers. The new arrivals are the Kumho Ecsta Sport All-Season PA71, Ecsta Sport PS72 and Ecsta Sport S PS72, tyres that “bring next-generation compound and tread design technology for superior performance without compromise.” Kumho plans to make these tyres available in the local market by spring 2025.

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Related news:

  1. Dunlop’s Triple Tyre Launch
  2. Kumho supplies new Dodge Viper ACR with bespoke Ecsta V720 UHP tyre
  3. Hercules Tire to highlight new products at SEMA
  4. Momo previews 2020 UHP tyre launch at SEMA
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Pekka Natri heads Cimcorp North America

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Cimcorp has named Pekka Natri as its new Head of Region, North America. With nearly 30 years of experience in global business development, Natri has been “a dedicated member” of the Cimpcorp team since 2018.

In his new role, Natri will “align North American teams, functions, and partners. His focus will be on serving our customers locally while supporting global growth.”

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Related news:

  1. TIA elects John Evankovich as secretary
  2. Cimcorp appoints new leadership
  3. Toyo USA promotes Roy Bromfield to president and CEO
  4. Magna Tyres Group expands into North America
/by

Goodyear reports net loss of $34 million in third-quarter of 2024, EMEA recovering

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The Goodyear Tire & Rubber Company has reported third quarter 2024 sales of $4.824 billion, down 6.2 per cent year-on-year, resulting in a net loss of $34 million compared with a net loss of $89 million a year ago.

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Related news:

  1. Goodyear to cut 5% of salaried staff globally, $80 million 4Q loss expected in EMEA
  2. Integration on-track: Goodyear reports 16% growth plus greater synergies from Cooper Tire acquisition
  3. Europe to bear 40% of Goodyear’s global job cuts
  4. Goodyear reports losses of $104 million in Q4 2022, points the finger at Europe
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US final ruling on Thai-produced truck tyre tariffs, ups rates for Bridgestone and Prinx

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The U.S. Department of Commerce has issued a final ruling to impose anti-dumping duties of 12.33%-48.39% on truck and bus tyres imported from Thailand. Among them, Bridgestone Corporation, a company located in Thailand, was subject to a tax rate of 48.39 per cent. Prinx Chengshan (Thailand) needs to pay an anti-dumping duty of 12.33 per cent. Other manufacturers and exporters located in Thailand also need to pay a tax rate of 12.33 per cent.

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Related news:

  1. Chinese officials welcome US duty decision
  2. US puts 10% import tariffs on all Chinese tyres
  3. USITC: Chinese truck tyres materially injure US
  4. USA: No antidumping and countervailing duties on Chinese truck & bus tyres
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Cordiant – under new ownership & in US crosshairs

On 30 October, approximately a month after gaining a new owner, Russian tyre maker JSC Cordiant found itself on a list of US sanctions affecting a total of 275 individuals and entities said to be “involved in supplying Russia with advanced technology and equipment that it desperately needs to support its war machine.”

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Related news:

  1. S8 Capital paid €78 million for Continental assets; also owns Cordiant
  2. Bridgestone joins Continental & Cordiant within Russia’s S8 Capital
  3. Russia’s Cordiant working to reduce rubber import dependence
  4. Goodbye Continental & Bridgestone – hello Gislaved
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Let’s go round again – what’s next for ATD?

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On 22 October 2024, American Tire Distributors, Inc. (ATD) filed for Chapter 11 bankruptcy protection with the U.S. Bankruptcy Court for the District of Delaware. It was the second time in around six years that the large – if not the largest – US tyre distributor made such a petition. And ATD did so leaving more than half-a-billion dollars outstanding with some of the world’s largest tyre manufacturers as well as some of some of the fastest-growing tyremakers (see Tyrepress.com and page 27 of the November edition of Tyres & Accessories magazine for further details relating to both the Chapter 11 announcement and how much money is outstanding with which tyremakers).

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Related news:

  1. Goodyear implements direct online sales in US
  2. Tire Pros adds 7 branches in USA
  3. Are the wagons or vultures circling at Goodyear? Analysing Elliott Investment Management’s case for change
  4. ATD up for sale as large US tyre wholesaler enters bankruptcy proceedings
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