USA Archives - Page 102 of 268 - Tyrepress

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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High commercial tyre demand to continue in North America, says Yokohama’s Phillips

Looking back on 2011 and forward to the coming year, Rick Phillips, Yokohama Tire Corporation’s director of commercial sales, states that the tyre maker expects the strong demand it has experienced in the North American market this year to continue. “Demand has continued to outweigh supply so we have literally sold everything that we are able to build,” he commented. “As an industry, we will go into 2012 with very little beginning inventory, much like we did in 2011…we see the demand continuing to be greater than supply, at least through next summer. Despite reports on the economy being on the brink of another recession, the trucking industry remains strong.” Phillips believes that high levels of demand, particularly within the OEM segment, may lead to further pressure upon the replacement market.

30th November 2011/by Tyrepress Editors

Casumina to construct new pcr plant

Vietnam’s Southern Rubber Industry Joint Stock Company, or Casumina, has reportedly signed a Memorandum of Understanding with a US partner and will erect a new passenger car tyre factory. Work on the new plant should begin before the end of the year and the project’s stated total cost is VND3.7 trillion (around £112 million), including an investment of some £19 million from the US partner. The factory is expected to enter operation late in 2012 and have an annual output of 1.5 million tyres per annum. Two thirds of the new factory’s output is said to be earmarked for the US market; other named export markets are Canada and Australia.

30th November 2011/by Tyrepress Editors

Conti partners MLS in US schools Solar Project

Continental Tire has joined Major League Soccer’s community outreach initiative and the Bonneville Environmental Foundation to provide a $50,000 solar installation to a school in the community of MLS Cup 2011 winner, the LA Galaxy, as part of the Bonneville Environmental Foundation Solar 4R Schools program, reports Tire Review. “We are thrilled to be working with MLS W.O.R.K.S and BEF to put a solar installation in a school in the hometown of the LA Galaxy, MLS Cup champions,” said Travis Roffler, director of marketing, Continental Tire.

29th November 2011/by Tyrepress Editors

CZ Tire completes purchase of Hangzhou Zhongce share

The sale of China Enterprises Limited’s share in Hangzhou Zhongce Rubber Company to CZ Tire Holdings Limited for RMB600,000,000 or approximately US$94.41 million has been closed, China Enterprises reports.

29th November 2011/by Tyrepress Editors

Aeolus to place greater focus on main brand

Chinese tyre maker Aeolus Tyres Ltd. states it recently ended the practice of simultaneously developing and promoting multiple brands of tyre. As of now the company is concentrating its efforts on the Aeolus tyre brand, a decision it believes will have a “positive impact” on the brand in the European market.

Aeolus recently discussed the potential opportunities and growth that may result from the decision with one of its main distributors, Netherlands-based Heuver Tyrewholesale. “During recent discussions with Aeolus Tyres, the board announced its decision to terminate the duplicate policy, which involves multiple brands launching the same tyres on to the market,” commented Heuver Tyrewholesale director Bertus Heuver. “In the near future, the B brands at the Aeolus factory will start to feature significantly different profiles and profile markings. The main outcome of the decision is that, in terms of development, delivery and availability, Aeolus will be given the highest priority to honour its position as the factory’s leading brand.

29th November 2011/by Tyrepress Editors

Buyer for Sibur tyre business may emerge by year’s end

A buyer for Sibur Holding’s tyre business may be announced before the end of this year, Bloomberg reports. New owners Leonid Mikhelson and Gennady Timchenko are apparently “close” to securing buyers for Sibur-Russian Tyres plus the company’s Sibur-Fertilizers business; their sale forms part of the owners’ new focus on specialty chemicals, Bloomberg states.

28th November 2011/by Tyrepress Editors

Advan OE for US A7

The US market 2012 Audi A7, winner of the Motor Press Guild’s “Vehicle of the Year” award at the 2011 Los Angeles Auto Show, will be fitted with Yokohama Advan Sport tyres as original equipment. Announcing the OEM supply deal, Yokohama Tire Corporation’s director of OE sales, Jeremy Kahrs, commented “the 310 horsepower Audi A7 is a sleek, stylish sporty five-door coupe. We couldn’t agree more with the award and are proud the A7 runs on our ultra high-performance Advan Sport tyres. They are a perfect fit.”

25th November 2011/by Tyrepress Editors

Point S enters Norway

Following its US launch, the point S network has announced its entry into another new market – this time in Scandinavia. On 23 November, point S Development management signed a contract with the independent dealer network “Fagdekk”, which is made up of 43 service centres throughout Norway.

24th November 2011/by Tyrepress Editors

Cooper, union negotiations ‘getting intense’

Unionised workers at Cooper Tire & Rubber’s Findlay plant in the US state of Ohio remain on the job, even as its leadership continues contract negotiations. Ohio-based industry publication Tire Review reports that workers represented by the United Steelworkers’ Local 207have been working for three weeks without a contract as the two sides continue negotiations – and these negotiations have been described as “getting intense.”

22nd November 2011/by Tyrepress Editors

Lanxess considering 4th SSBR plant

At its ‘Rubber Days’ event held in Japan and South Korea during November, chemical company Lanxess reported it currently working on a feasibility study regarding switching production at its Triunfo site in Brazil from emulsion styrene-butadiene rubber (ESBR), which is used in standard tyres to solution styrene butadiene rubber (SSBR). According to the German company, ESBR capacity at Triunfo is currently 110,000 tonnes per annum and a changeover to SSBR would “potentially require a medium-size, double-digit million euro investment.” A final decision on converting the Triunfo facility in order to supplement existing SSBR production in Cabo de Santo Agostinho (Brazil), Orange (USA) and Port Jérôme (France) will be made in mid-2012.

21st November 2011/by Tyrepress Editors

Bridgestone Americas acknowledged for habitat areas

Bridgestone Americas has been given the Wildlife Habitat Council’s 2011 William W. Howard C.E.O. (Conservation, Education, and Outreach) Award for its work in creating wildlife habitat areas at its facilities and its ongoing commitment to environmental education and outreach. As opposed to other recognition levels bestowed by the WHC, this particular award honours not a single programme, but rather an entire organisation for its combined efforts.

18th November 2011/by Tyrepress Editors

Third delay for Kumho’s US plant

Media reports in the US indicate it may be third time unlucky for Kumho Tire’s planned factory in Bibb County, Georgia. Macon-based newspaper The Telegraph states work on the US$225 million plant has been placed on hold for a third time, a move that allegedly has prompted local economic development officials to rethink the entire project’s future and mull over the prospect of putting the greenfield factory site back on the market.

15th November 2011/by Tyrepress Editors

Cécile Michelin passes away

Cécile Michelin, widow of Michelin chief executive Edouard Michelin, who died aged 43 in a boating accident five years ago, died of cancer in Clermont-Ferrant on Sunday. She was just 44 years old and leaves behind six children aged between 9 and 18 years.

14th November 2011/by Tyrepress Editors

Penny Hydraulics says more can be done to reduce handling injuries

Load handling equipment manufacturer Penny Hydraulics believes companies can do more to prevent injuries resulting from manual handling, following the publication of the latest official statistics by the Health & Safety Executive earlier this month. The figures for the year ending April 2011 showed that more than 36,000 workers suffered a reportable injury while manual handling. Almost 28 per cent of these injuries were directly linked to lifting or putting down items while a further 19 per cent could be linked to unspecified handling, lifting or carrying.

11th November 2011/by Tyrepress Editors

Tire Rack to expand HQ

US tyre distributor The Tire Rack plans to break ground this week on a 130,000 sq ft expansion to its South Bend, Indiana, headquarters, reports Tire Review. The expansion project will add warehouse and office space to the site, which already measures 532,000 sq ft.

11th November 2011/by Tyrepress Editors