Wanda Boto Tyre advertising on NASDAQ screen in Times Square
In September 2018 Shandong Wanda Boto Tyre Co Ltd was invited to display some of its advertising on the NASDAQ screen in the world-famous Times Square in New York, USA.
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.
Tag Archive for: USA
Cabot plant celebrates 75 years
On 25 November, Cabot Corporation’s Ville Platte, Louisiana carbon black manufacturing facility celebrated 75 years in operation. Established in 1943, Cabot Ville Platte is the oldest plant in Cabot’s network, and today operates four manufacturing units that produce 11 different grades of carbon black, primarily sold to customers throughout North America for rubber reinforcement applications.
Oriente Tire USA names David R J Halldane Petlas Tire US sales director
Oriente Tire USA has named David R J Halldane as its US sales director for Petlas. Halldane will be responsible for market and sales development of Petlas Tire’s PCR/LTR and SUV tyre lines in the US.
Michelin acquires Tablet
Michelin has bought Tablet, an online travel agency specializing in boutique and luxury hotels. Headquartered in New York, Tablet was founded in 2000 by Laurent Vernhes and Michael Davis to provide a high-quality selection of unique hotel experiences to millions of travellers, and an associated booking platform. The purchase of The Tablet follows Michelin’s earlier purchase of Bookatable.com in January 2016 and Restaurantes.com in December 2016.
Ghosn’s gone
Roughly two decades after taking the helm at Nissan (and later chairing the Japanese firm’s alliance with Renault and Mitsubishi), the carmaker’s board voted to remove company boss Carlos Ghosn following his arrest in Japan for underreporting his salary.
Cooper Tire opens ‘central’ US warehouse
The million square foot (92,900 square metre), centrally-located warehouse that Cooper Tire & Rubber Company erected near three of its factories in the USA is now in operation. The new warehouse in Byhalia, Mississippi employs approximately 100 people and is Cooper’s largest distribution centre nationwide.
Hankook extends USA motorsport engagements
Hankook Tire has been named exclusive tyre supplier for two race series in the USA, the F4 United States Championship and the new F3 Americas Championship, and has announced its return as official sponsor for the 24H Circuit of the Americas (COTA) race in Texas.
Leadership team, private equity firm acquire Coker Group
US-based vintage and classic tyre manufacturer the Coker Group has new owners. Four years after the death of company founder Harold Coker, the Coker family has sold the business to Wade Kawasaki, the company’s president and chief executive officer, and the current Coker Group leadership team in partnership with private equity firm Irving Place Capital.
Bridgestone expanding truck/bus tyre capacity at Warren County, USA plant
Production capacity for truck and bus radials at Bridgestone’s Warren County factory in Tennessee, USA will increase as part of a three-year, US$40 million investment to “meet market demand and address emerging customer needs.” Bridgestone Americas says it will break ground on expansion work at the 28-year old plant before the end of this year.
Michelin increasing prices in North America
Michelin North America has announced increases for US national account prices of up to eight per cent for all commercial brands, products and services. The new pricing takes effect 1 December 2018. Separately, prices for car, light truck and two-wheeler tyres sold under the Michelin, BFGoodrich and Uniroyal brands in the United States and Canada will increase by up to five per cent, effective 1 January 2019.
USA price increase for Pirelli car/light truck tyres
Prices for Pirelli car and light truck tyres sold in the US market will rise from 1 January 2019. Pirelli says the increase will be up to six per cent on average; it says it is implementing the new pricing in response to higher raw materials prices and “growing investment in the development of new technologically advanced products.”
John Aben appointed to head Prinx Chengshan’s North American operation
Over the past two and a half years, Prinx Chengshan has established a presence in our region with the build up of its Prinx Chengshan Europe operation in Slovakia, however the tyre maker’s international growth plans don’t just include Europe. This year a new sales and marketing subsidiary in North America is also being established. The operation is headed by John Aben, who joins the company from Giti Tire.
US market receives first Magna OTR tyre production from Thailand
One way of avoiding anti-dumping duties applicable to tyres imported from China is not to import tyres from China. This is what Magna Tyre Group is now doing in the USA – the company is meeting increased demand for OTR tyres in this market by expanding its production capacity in Thailand. Tyres made in this facility, comments Magna, are don’t attract tariffs in the USA and thus offer the opportunity for the company to “massively increase our presence on American market.”
BKT outlaying up to $100 million to build US tyre plant
Balkrishna Industries (BKT) has provided further details regarding its plans to build a factory in the USA. With a capital outlay of up to US$100 million, funded by investments and local debt, the tyre maker intends to establish a greenfield facility with an annual capacity of 20,000 tonnes.
Meguiar’s launches new Wheel Cleaner
Meguiar made a new addition to its popular Ultimate line at the recent SEMA show in Las Vegas – Ultimate All Wheel Cleaner. The new wheel cleaner is said to be “a powerful formula that offers deep cleaning, yet is gentle enough that it can be used on any wheel finish or type”.
