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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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Cooper plans Ohio technical centre to supplement Melksham facility

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Cooper has formally announced its plans for a $35.5 million Global Technical Center in Findlay, Ohio, Tire Review reports. Located at the tyre-maker’s headquarters the new tech centre will occupy the same building as the company’s North America Technical Center (NATC). Expected to be operational by the end of the year, the GTC will supplement the tyre-maker’s regional tech centres around the world, including its Asia Technical Center in Kunshan, China, its European Technical Center in Melksham, England, and its NATC, on site.

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Related news:

  1. Cooper Tire opens ‘central’ US warehouse
  2. Cooper Tire reopening US and Serbia tyre factories
  3. Cooper Tire declares 193rd consecutive quarterly dividend
  4. Cooper Tire breaks ground on USA distribution centre
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Hankook scales back production, sets record inventory glut

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Hankook Technodrome

Hankook has slowed its production in response to amassing a record inventory glut. Seoul’s Yonhap News Agency reports that the manufacturer has 660,000 unsold tyres, or 8.5 per cent of its monthly 7.75 million production capacity. The agency quotes an unnamed Hankook source as saying that the growth in demand expected after March had failed to materialise, leading to the surplus.

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Related news:

  1. Mesnac consolidates regional operations into global tooling division
  2. Sentury internationalising with US tyre factory investment
  3. UK car manufacturing at 10-year high
  4. Hankook UK focuses on brand, ups TV advertising budget 50%
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Kumho requests funding for US plant

Kumho has confirmed that it is moving forward on its plans for a plant in the US, as Tire Review reports the Korean manufacturer has made a request for funding. Yonhap News Agency reported a Kumho official confirmed that a funding request has been made with banks for the Macon-Bibb, Georgia location. The official however hinted […]

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Related news:

  1. Kumho’s US plant nearing completion
  2. Memorandum Of Association Signed For Kumho Purchase
  3. Two New North American Execs for Kumho
  4. Kumho Delays US Facility
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Falken Tire Corp to phase out Ohtsu truck tyres in USA

Falken Tire Corp., a unit of Sumitomo Rubber Industries Ltd., will phase out the Ohtsu brand name for commercial tyres in the US market, Tire Review reports. The company will re-introduce it to the market as an associate brand for its passenger and light truck tyre lines. US distribution of Ohtsu CV tyres, a fellow Sumitomo brand, was brought under the control of Falken Tire Corp. in 2009.

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Related news:

  1. Sailun raising prices in North America
  2. Russian Tyre Imports Crash 8.6% in 1H 2009
  3. Conti to produce radials in India from 2013
  4. Hercules Tire to highlight new products at SEMA
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Giti to build $560 million US tyre plant

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Fresh from entering into the top 10 of global tyre makers, Giti Tire has announced that it will build a new $560 million passenger car, SUV and light truck tyre tyre factory, creating about 1,700 new jobs in Chester County, South Carolina during the next decade.

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Related news:

  1. Georgia selected as location for $500 million Sentury Tire US factory
  2. Nokian breaks ground on new North America factory
  3. Sentury Tire joins the Shenzen Stock Exchange
  4. Sentury internationalising with US tyre factory investment
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Brembo opens expanded North American factory

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Brembo celebrated the grand opening of its expanded North American manufacturing operations in Homer, Michigan on 22 May 2014. According to the company, the occasion marks Brembo’s commitment to North America. The investment, which will total more than $115 million dollars (83 million euros) through to the end of 2015, expands the facility that houses production of brake, disc, caliper and corner module manufacturing.

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Related news:

  1. Brembo inaugurates Mexico brake plant and iron foundry
  2. Brembo North America Acquires Hayes Lemmerz Division
  3. Sandberg Resigns from Hayes Lemmerz
  4. Reports: Brembo aiming for largescale acquisition
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Minnesota bans lead wheel weights

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Minnesota governor Mark Dayton has signed the state’s lead and mercury wheel weights bill into law on 16 May, Tire Review reports. The legislation was presented in March of this year to both the state’s Senate and House. The new law includes a ban on the installation, sale and distribution of lead and mercury based […]

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Related news:

  1. Shanghai Baolong Offers Non-Lead Wheel Balancing Weights
  2. Ascot Strikes Deal With Allpart Supply, Offers New Equipment
  3. Trax Maintains Wheel Weight Investment Despite Recession
  4. BF Srl Steps Up to French Fitments
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Giti returns to Pikes Peak after Tajima’s 2013 win

Giti Tire is returning to the Pikes Peak International Hill Climb on 29 June after playing a key role in last year’s electric division victory by Nobuhiro “Monster” Tajima and his ‘Monster Sport E-Runner Pikes Peak Special.’ Last year, Tajima switched from Falken to Giti tyres for the Pikes Peak event and set a new electric record of 9:46.530 last year after Giti Tire engineers hand cut tread grooves into the tyres after the road became wet from a 30-minute rainfall – a measure the driver said gave him much-needed grip. For the 2014 event, he will compete in a vehicle that is based on last year’s machine but incorporates a number of performance enhancements, including specially designed 17-inch GitiCompete GTR1 slicks (340/710-18) in place of the 20-inch version used last year.

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Related news:

  1. Falken Expands Motorsports Involvement
  2. Falken Distributing Ohtsu Truck Tyres in USA
  3. Bridgestone Americas Wins Potato Head Award
  4. Kumho names new OE, domestic replacement head
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Nexen OE on 2015 Chrysler 200

Korean-based tyre manufacturer Nexen has announced that it has won a contract to supply original equipment tyres (OE) for all new Chrysler 200 cars. According to the company, the new 200 model has been produced at Chrysler’s Starling Heights assembly plant in Michigan, USA since 2011.

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Related news:

  1. Audi A7 fitting Pirelli Cinturato P7 All Season as OE in US
  2. Kumho, Nexen OE for Kia electric car
  3. Mitas US plant warming up for serial production
  4. Nexen breaks ground on Zatec, Czech Republic plant
/by

Cooper to pay 10.5 cent dividend

Cooper Tire & Rubber has announced a quarterly dividend of US 10.5 cents per share on common stock, payable 27 June 2014 to stockholders of record at the close of business 2 June 2014. This will mark the 169th consecutive quarterly dividend paid by Cooper Tire & Rubber Company.

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Related news:

  1. Cooper Announces Quarterly Dividend
  2. Cooper Appoints New HR Senior VP
  3. Cooper Announces Quarterly Dividend
  4. Cooper gives word on quarterly dividend
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Cooper Tire announces investor day webcast details

On 15 May, Cooper Tire & Rubber will webcast its Investor Day presentation live, starting at 8:30am US EDT (1:30pm BST, 2:30pm CEST). Cooper chairman, chief executive officer and president Roy Armes and chief financial officer Brad Hughes, as well as other members of the company’s executive leadership team, will review business operations, company financials and Cooper’s long-term strategic plan.

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Related news:

  1. Cooper B-To-B Website Coming To Europe Next Year
  2. Cooper Tire Reducing North American Production
  3. Cooper to Restate 2009, 1Q 2010 Financials
  4. Cooper Tire Increases Mexico Investments
/by

Alliance Tire Americas boss Cicero stepping down

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Manny Cicero, president of Alliance Tire Group’s North American operation, will leave the company at the end of this month. Alliance Tire Group says the decision on Cicero’s departure was “mutually agreed upon”, and he will remain through to the end of 2014 as an advisor to the ATG board of directors. A successor has not yet been named.

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Related news:

  1. New marketing VP at Alliance Tire Americas
  2. Tyre production on the rise at ATG’s third factory
  3. Alliance Ends First Quarter with $5 million Dollar Net Profit
  4. Reports: KKR close to Alliance Tire Group buyout
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Kumho OE on Chrysler saloon

Kumho Tire USA has extended its original equipment supply to Chrysler with the homologation of its Solus TA31 all-season tyre for the 2015 Chrysler 200 range. Beginning in March 2014, Kumho is supplying the TA31 in size 235/45R18 94V for select front wheel drive and all wheel drive models within the line-up. The Solus TA31 features a symmetric tread design, and Kumho says the tyre “meets consumer desire for excellent ride comfort while maintaining a very low noise threshold.”

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Related news:

  1. Toyo USA Launches New Flagship UHP Tire
  2. SEMA Show 2006: Kumho Launches Road Venture APT
  3. Kumho Launching New Luxury Touring Line
  4. New Touring Tyre from Giti
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B&J launches Airbot 2014 promotion

In the two years since B&J Rocket introduced its ‘Airbot’ buffing tool range, the company says it has become the most frequently used working tools within the industry and in repair shops. The manufacturer comments that Airbot tools not only look aggressive, they also work that way, and claims greater efficiency, shorter buffing times, better cooling and longer service life courtesy of the tool’s open design and angled setup.

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Related news:

  1. B&J Rocket adds to Airbot range
  2. B&J Rocket launching its Quality campaign at Reifen 2012
  3. Bartec’s six steps to TPMS success
  4. Gaither Tool debuts new corporate branding, extends Bazooka range
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Preparations for Reifen 2014 in full swing, says organiser

Reifen 2014 organiser Messe Essen says preparations for this month’s trade fair are in “full swing” ahead of the show’s opening on 27 May. As of the start of May, 660 exhibitors from 44 countries have signed up for Reifen 2014, with oversees exhibitors accounting for around 70 per cent of the companies with a presence at the Essen show. Messe Essen says than China is the best-represented country in terms of exhibitor numbers, followed by Germany, Italy, the Netherlands and the USA. In regards to visitors, Messe Essen is expecting members of the tyre and related trades from some 130 countries to visit Reifen 2014.

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Related news:

  1. Apollo’s Schramm Keynote Speaker at Tyrexpo Africa’10 Conference
  2. Controlling Costs Through Pre-Owned Solutions
  3. Steinbichler presenting new shearography products in Essen
  4. Former YTC top man returns as advisor
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