Tire Pros adds 7 branches in USA
In the USA, Tire Pros, a subsidiary of large wholesale operation American Tire Distributors (ATD), has added seven new branches in California, Alabama, Texas, Nevada, Arizona, and Pennsylvania.
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.
In the USA, Tire Pros, a subsidiary of large wholesale operation American Tire Distributors (ATD), has added seven new branches in California, Alabama, Texas, Nevada, Arizona, and Pennsylvania.
General Motors has announced that it is equipping the new 2020 Camaro range with its Tire Fill Alert System.
Goodyear Tire & Rubber says its decision to modernise two tyre factories in Germany, and in doing so lay off around 1,100 workers, will cut the tyre maker’s costs by US$60 million to $70 million a year. Chief financial officer Darren Wells anticipates that Goodyear will feel the “full benefit” of these additional earnings by 2022.
Michelin North America says that prices for selected Michelin and BFGoodrich passenger and light truck tyres will increase by up to five per cent from 1 September. Specific details haven’t been publicly announced – Michelin invites its customers to “discuss details concerning the price increase directly with account managers.”
Effective 1 September 2019, Birla Carbon will increase specialty carbon black prices in North America by 9 per cent. All shipments made on or after this date are subject to the price increase.
Bridgestone Americas says it is honoured to be one of FCA’s Supplier of the Year awardees in the North America region. The tyre maker was one of 19 supplier partners acknowledged at the 2019 annual Supplier Conference and Award Ceremony in Detroit.
Dave Zielasko, the former Tire Business editorial director and publisher, has been named as vice president of marketing and communications of the Tire Industry Association (TIA).
Thomas M. Conway has succeeded Leo W. Gerard as international president of the United Steelworkers union (USW). He became the eighth person to hold this position at a ceremony held on 15 July.
Cooper Tire & Rubber is investing a further $4 million into its plant in Tupelo, Mississippi. Local news sources, citing documents filed with the city said the money will be invested in upgrading the Tupelo plant’s mixing facilities.
The deadlines set out in two of the memoranda of understandings signed between Scandinavian Enviro Systems (Enviro) and firms based in Denmark, the USA and Canada last year may have passed, yet Enviro says this “will not affect the outcome of the negotiations or the possibility of opening the various plants.” The Swedish company still expects to establish joint venture tyre recycling plants with all three partners in the not too distant future.
One of the outcomes of today’s Board of Directors meeting at Toyo Tire Corporation is the decision to invest in ramping up capacity at the company’s tyre factory in North America. Approximately 7 billion yen (£51.6 million) will be invested in this project.
Trial production at Nokian Tyres’ new factory in Dayton, USA has begun with the production of the very first test tyre. Nokian Tyres says the manufacture of the Nokian eNTYRE 2.0 in size 205/55R16 marks the start of a half-year trial period in which “thousands” of tyres will be produced for “testing and machine calibration purposes” prior to the commencement of series production in early 2020.
Midas, which has more than 2,100 franchised, licensed and company-owned Midas auto shops in 14 countries (including 1,200 in the US and Canada), recently promoted Will Helton to vice president and general manager. Helton joined Midas two years ago from Bridgestone. Prior to the promotion he was division vice president of the Central US and Canada Regions at Midas. At Bridgestone Helton was Region Manager which was the culmination of 16 years with Bridgestone.
The Tire Industry Association (TIA), which lobbies for tyre safety in the USA, has announced the nominations for the 2019 Board of Directors. Four individuals will be elected to serve on the TIA Board for a three-year term. The voting period will end on Sunday 1 September 2019.
Essex-based Synthomer plc, one of the world’s major suppliers of aqueous polymers, has agreed to buy Omnova Solutions Inc., which develops, manufactures and markets polymers, dispersions, elastomers and other speciality chemicals, at a price of US$10.15 per Omnova share. The acquisition values Omnova’s entire issued and to be issued share capital at US$473 million (approximately £375 million), with an implied enterprise value of US$824 million (approximately £654 million). The move is now subject to regulatory approval. This is expected to complete in the fourth quarter of 2019 or the first quarter of 2020.
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