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.
Kumho Tire USA Corp. has taken a $151 million credit line, arranged by GE Capital Corporate Finance. The Rancho Cucamonga, Calif.-based tyre company plans to use the line for working capital. GE Capital has worked with Kumho since 2006.
Michelin North America will host the US National School Bus Maintenance Competition. Co-sponsored by the National Association of Pupil Transport (NAPT) and the South Carolina Department of Education, the 23-25 September event will be held at MNA’s training center in Donaldson, South Carolina.
Vacu-Lug Traction Tyres Ltd has renewed its national distribution contract with leading specialist delivery business Nightfreight and further extended its scope to include work previously handled in-house. As part of the new deal Nightfreight has renewed its dedicated 12-strong Vacu-Lug trailer fleet, all of which are fitted with Vacu-Lug Duramold WRE2 super-single tyres. Nightfreight has also taken responsibility for the operation of two specialist crane-equipped vehicles, which offer a nationwide tyre delivery and collection service for operators of earth movers and off-road vehicles.
The Brazilian Chamber of Foreign Commerce has imposed an additional tax of US$ 0.75 on each kilo of tyres imported from China. The decision was taken, says the CFC, as an anti-dumping measure to protect domestic markets and the new tax will come into force immediately. However, it could have been worse; at the same meeting the CFC also imposed a levy of US$ 12.47 on each pair of shoes imported from China.
In the USA, Team Toyo Off-Road drivers had a huge weekend during the 40th Anniversary BorgWarner World Championship Off-Road Races at Crandon International Off-Road Raceway recently. More than 40,000 fans at the Raceway, and thousands more watching the live broadcast by ABC television, saw Toyo-sponsored drivers set new track records in Pro 2WD and Pro 4X4, as well as winning the headline events including the BorgWarner World Championship for Pro 2WD and the BorgWarner Cup, which carried a prize of $40,000. In fact, Toyo-sponsored drivers scored a 1,2,3 in the prestigious Pro 4×4 race.
Double Coin distributor, Kirkby Tyres Ltd, has announced that the Chinese tyre manufacturer is expanding its truck tyre range. According to Kirkby Tyres, the size expansion means the sole distributor (UK and Ireland) can now offer an “all-encompassing
truck tyre line to meet the needs of the most demanding tyre retailer or end user.”
This morning the 7th China International Tire Expo (CITEXPO) opened in Shanghai. This year’s event has played host to more than 300 companies in the domestic and international tyre trade. The organisers, Reliable International Exhibition Services, don’t anticipate this year’s event will set a new attendance record, with visitors from the US particularly lacking as a result of the threat of punitive tariffs market for importing Chinese products into the American market. Nevertheless, they are confident the show, running through till Friday, will be a success. Tyres & Accessories/tyrepress.com (along with sister publication Neue Reifenzeitung) is represented with a stand at the exhibition. A detailed report on this leading Chinese tyre trade fair and its exhibitors will follow shortly.
Pirelli has initiated a recall of any 285/35 ZR19 PZero Corsa tyres manufactured from May 2007 to July 2009. The tyres in question equip the Ferrari 430 Scuderia and 430 Scuderia Spider 16M. Company representatives explained that owners of these cars have been contacted any that have rear tyres marked with the "XB" identification mark are advised that these may need substituting. Only the rear tyres on these specified models are affected.
In the US, Pirelli is recalling 1,680 Pirelli Pzero Corsa tyres, size 285/35 ZR19 (99Y) K1, manufactured between June 2007 and July 2009.
Nitto Tire USA expanded its NT850 Premium line to include sizes specifically developed for crossover utility vehicles.
Goodyear has hired recruitment firm The Right Thing to help it recruit and hire future employees nationwide.
'Dog bites man' might not be a newsworthy story, but how about 'dog bites tyres'?
Two 11-year old girls were arrested on suspicion of starting a fire which destroyed a warehouse storing shredded tyres ready to be recycled. The warehouse, owned by Joliet, Illinois-based tyre recycler Tire Grinder Transporters, was ablaze for five hours before firefighters brought it under control.
Researchers at Oregon State University (OSU) in the US have come across a potential replacement for silica as a reinforcing filler in tyres. Microcrystalline cellulose, which can be produced from almost any type of plant fibre, is a micrometer-sized type of crystalline cellulose that can be produced through the low-cost process of acid hydrolysis using cellulose, the component that comprises about 40 to 50 per cent of wood.
Faced with weak global demand for tyres during the first half of 2009, Indonesian manufacturer PT Gajah Tunggal has reported a year on year decline for this period. According to the company, sales fell in the first six months of 2009 by 2.9 per cent to nearly 3.8 trillion rupiah (about £232 million). Operating margin […]
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