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.
TriCan Tire Distributors, a Canadian company owned by American Tire Distributors since 2012, has acquired the wholesale distribution business of Kipling Tire Co. The acquisition of the Toronto-based firm further expands ATD’s reach within Canada.
Tyre manufacturer Petlas Tire Corporation has been listed amongst the top 100 export businesses in the growing Turkish economy. According to the company, Petlas has been exporting to more than 110 countries from all over the world and thereby increasing its market share. The goal is now to be in the top 50.
Goodyear Tire & Rubber will pay a quarterly dividend of US$0.05 per share of common stock, the tyre maker reported on 15 January. This will be paid on 3 March to shareholders who are of record as of 31 January 2014. The payout represents an annual rate of 20 cents per share.
Bruce Besancon has been appointed vice-president of marketing at Alliance Tire Group’s US subsidiary. Besancon comes to Alliance Tire Americas with more than 20 years of expertise working for Michelin North America, including five years heading marketing efforts for Michelin’s earthmover business unit.
In order to consolidate its operations in the USA, UK, Slovakia and China into one single business unit, Mesnac has created a new global business, the Mesnac Tooling Division (MTD). This division will provide tooling support to Mesnac’s Tire Building machine divisions in China and Slovakia and to its subsidiary Beijing Jingyie. The division’s technology platform will be based on the established Wyko brand but will also control Mesnac’s other tooling brands, which are primarily sold in Asian markets.
A motorcycling blogger and his family have fitted the Avon Distanzia to their two Triumph Bonnevilles and single-cylinder Yamaha XT660R for their holiday circumnavigating the globe. Aad Schram, his wife Jeannette and son Mike are currently in South America, and are uploading dispatches from their adventures, which began in 2012, to popular website earth-roamers.blogspot.com. Aad […]
A webcast of Goodyear Tire & Rubber’s business overview and strategies will be held on 14 January; the live audio webcast of executive vice-president and chief financial officer Laura Thompson’s 40 minute presentation at the 2014 Deutsche Bank Global Auto Industry Conference in Detroit, US can be viewed from the http://investor.goodyear.com and will be available 1:35pm local time (6:35pm GMT, 7:35pm CET) on 14 January.
Michelin says it is working on a ‘communicating’ tyre for the Spark-Renault SRT_01E car that will be used by all teams during the first year of the new FIA Formula E Championship. The announcement was made during a demonstration run by the electric single-seat race car at the 2014 Consumer Electronics Show (CES) in Las Vegas, USA.
On 6 January, six U.S. International Trade Commission commissioners unanimously voted not to revoke the antidumping and countervailing duty orders on certain off-the-road tyres produced in China. The ITC says the decision was taken to retain the orders as their repeal “would be likely to lead to a continuation or recurrence of material injury within a reasonably foreseeable time.”
Following a recent review of its 80 Expert Tire outlets in the US, Bridgestone Retail Operations closed 15 centres at the end of last year and is rebranding the remainder. Of the 65 outlets still in operation, 63 will become Firestone Complete Auto Care centres and two are being rebranded as Hibdon Tires Plus stores.
Audi has chosen the Pirelli Cinturato P7 All Season as OE for its A7 model in the North American market. Therefore Pirelli will supply 18 and 19-inch versions of the tyre to equip the company’s most powerful sportback model. As a result the Cinturato P7 All Season will be marked “AO”.
Goodyear Tire & Rubber’s Board of Directors has elected two members of the company’s finance leadership team to new roles. Scott Honnold, vice-president and treasurer, was elected vice-president, Business Development. Tom Kaczynski, vice-president, Investor Relations, was elected vice-president, Treasurer & Investor Relations. The changes take effect 1 January 2014.
TrelleborgAB, parent company of Trelleborg Wheel Systems, and Trelleborg Treasury AB have jointly concluded an agreement regarding an extension of the existing syndicated credit facilities that were established in 2011. The extended credit facilities total €750 million and US$625 million, have a tenor of five years and will mature in December 2018, with an option of extension thereafter for a maximum of two further years.
Ground rubber from scrap tyres has resilient properties that can be used to enhance the performance of construction products. For the asphalt industry, which currently depends on materials with very high embedded energy costs – polymer-modified bitumen is expensive in carbon terms both to make and to transport and store – asphalt made using bitumen modified with rubber concentrate from ground recycled tyres could therefore offer a welcome solution to greenhouse gas emissions associated with traditional asphalt manufacturing.
Today Michelin North America will present the first earthmover tyre produced at its new Starr OTR tyre factory in South Carolina, USA. The tyre maker is holding an invitation-only event to unveil the 13 foot (4 metre) tall, 5.5 ton tyre at the new factory, which is located adjacent to Michelin’s existing rubber processing plant.
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