USA Archives - Page 114 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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Kumho creditors considering Daewoo share sale

Creditors of South Korea's Kumho Asiana Group, parent company of Kumho Tires, are said to be considering selling a 1.46 trillion won (₤818.8 million) stake in Daewoo Engineering & Construction Co Ltd held by the group's affiliates via a block trade. Group company Kumho Industrial Ltd holds 14.6 per cent of Daewoo Engineering & Construction and other units own the remainder, and the sale of a 24.7 per cent share in the contractor, as reported by Reuters, would join a number of other restructuring efforts aimed at aiding the cash-strapped company.

8th February 2011/by Tyrepress Editors

Kumho USA to raise prices on 1 March

Kumho Tire USA is raising its prices on some of its rannge by an as-yet undisclosed amount on 1 March. Kumho said increases will affect all passenger, light truck/SUV and medium truck tyres. The company concluded its statement by saying the exact details of the increase "will be provided to our clients in the near future.”

7th February 2011/by Tyrepress Editors

TPMS Sensor Starter Kit Released

Across the Atlantic, Bartec USA has launched its new EZ-Sensor starter kits, which include the new programmable TPMS replacement sensors from Schrader.

3rd February 2011/by Tyrepress Editors

Motovan to partner Ride-On Canada in distributing two-wheel and ATV balancer/sealant

In the US Inovex Industries, Inc., the manufacturers of the Ride-On tyre protection system (TPS), have partnered with Motovan (Canada's largest distributor of motorcycle accessories) to distribute the company’s balancer/sealant product.

2nd February 2011/by Tyrepress Editors

Dumped tyres create Lincolnshire flooding risk

The Lincolnshire village of Swaton was threatened with flooding thanks to the actions of tyre dumpers. On January 31 the Environment Agency was notified that around 150 used passenger cars dumped in the Swaton Eau had blocked the river channel, causing a back up of water.

2nd February 2011/by Tyrepress Editors

Gajah Tunggal joins Indonesia’s LQ45 stock index

The Indonesia Stock Exchange reports that tyre maker PT Gajah Tunggal Tbk has been added to its LQ45 list as of February 2011. The list recognises 45 companies that have fulfilled a number of criteria, including highest market capitalisation within the last 12 months and highest transaction value in a regular market during the same timeframe. The company’s market growth has also been witnessed in its 2010 financials; for the first time, Indonesia’s largest tyre manufacturer exceeded US$1 billion in net sales.

2nd February 2011/by Tyrepress Editors

Porsche drivers win N-spec Pilot Sport PS2 tyres in Michelin promo

Porsche fanatics David and Veronica Teer from Bodmin, Cornwall have won a set of Michelin’s N-specification Pilot Sport PS2 tyres for their Porsche 996 Carrera 2 Coupe, having entered a Michelin promotional competition run in collaboration with Porsche Centres. The competition required entrants to identify the N-marking Michelin puts on the sidewall of tyres designed specifically for Porsche.

2nd February 2011/by Tyrepress Editors

Toyo Tire USA appoints new COO

Toyo Tire USA (TTC) has hired former Pentel of America chief operating officer Marty Furman as the company’s new COO. In his new role, Furman will manage all functional departments at TTC, including Technical Services, Sales, Marketing, and Pricing. He will report directly to company president and CEO Yasushi Takagi.

1st February 2011/by Tyrepress Editors

Maxxis sponsors 2011 SATS Cosworth Euro Drifting Team

Maxxis has announced that it will take its MA-Z1 Drift tyre onto the European drifting circuit, with the sponsorship of reigning European Drift champion Mark Luney in the SATS Cosworth team. The SATS Cosworth Supra combines the drifting expertise of the SATS Motorsport team with an engine capable of pushing over 800bhp provided by Cosworth. Mark Luney, who has won the championship two years in a row and was also a contender for the title of Maxxis British Drift Champion in 2010, has signed to drive the car over the course of the year at major championships both in the UK and across Europe.

31st January 2011/by Tyrepress Editors

Japanese Tyre Machinery Manufacturer Forms Indian JV

Japan’s Kobe Steel has formed a joint venture with India’s Larsen & Toubro Limited to manufacture and sell tyre production machinery in India. Called L&T Kobelco Machinery Private Ltd., the joint venture will make rubber mixers and twin-screw rollerhead extruders used in manufacturing tyres. Plans call for construction of the plant to begin in February 2011 and production to begin in October 2011. Approximately 500 million rupees (900 million yen) will be invested in the facility.

25th January 2011/by Tyrepress Editors

Riccardo Cichi Becomes President of Pirelli Canada

Riccardo Cichi has been named president of Pirelli Canada. Hired at Pirelli Canada in 1989 as market analyst, Cichi moved to Pirelli Tire North America in 1992 as operations director. He was later promoted to marketing director and then vice president of sales and marketing for the US and Canada. Departing Pirelli Canada president Marco Zambiachi has taken on new executive responsibilities with PTNA at its New York City offices. (Tire Review)

25th January 2011/by Tyrepress Editors

Cooper Increases US Car, Light Truck Prices

Cooper Tire & Rubber Co. is raising prices on all of its passenger and light truck/SUV tires as of 1 February, reports Tire Review. The increase will reach a maximum of 2.5 per cent, the company told dealers.

25th January 2011/by Tyrepress Editors

Brodsky Reports Retread Tire Association Growth

The Retread Tire Association (RTA), formed following Harvey Brodsky’s departure from the Tire Retread & Repair Information Bureau, reports the addition of another 12 members to its ranks. New member companies include: AME International, Black’s Tire Service, Frasier Tire Service, Jirah Inc., Malerba’s Consulting LLC, Purcell Tire, Tesla Electronics and Tire Stamp, all US-based. New from Canada are Kirk’s Tire and West End Tire, while Earthmover Tyres of Scotland and Makepeace Agencies from Australia also have joined.

19th January 2011/by Tyrepress Editors

Yokohama Tire Corporation Announces Management Promotions

Several strategic management promotions have been implemented by Yokohama Tire Corporation in the US, including the promotion of Dan King from vice president of sales and marketing to senior vice president of sales and marketing. “Dan has been highly instrumental in securing strong performances for Yokohama, including a record year in 2010,” remarked Yokohama Tire president and CEO Takao Oishi. “This promotion reflects Dan’s continued high level of performance, as well as his expanded role since the retirement of Jim MacMaster (former executive vice president and chief operating officer) last year.”

17th January 2011/by Tyrepress Editors

New Equipment to Upgrade Cooper Tupelo Efficiency

A US$9 million upgrade at Cooper Tire & Rubber’s Tupelo, Mississippi passenger car and truck tyre plant will, according to plant manager Patrick Jodon, make the facility “stronger, more flexible and more competitive.” Jodon explained that the Tupelo plant will receive new equipment that will aid in improving its efficiency; this new equipment will be installed within the next 12 to 14 months. The upgrade is expected to add 35 new jobs to the plant’s 1,300 strong workforce.

14th January 2011/by Tyrepress Editors