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.
A report in the Financial times says that Hankook will shortly begin work on building its first plant in the USA as part of its plan to increase its presence in North America. The move is seen as a key part of Hankook's ambition to become one of the world's top five tyre manufacturers.
Shandong Linglong manufactured Infinity Tyres offer both light and heavy radial truck tyres, with 15 dimensions available for the former, and a heavy truck radial range featuring over 20 patterns in 40 dimensions.
Infinity Tyres meet major international standards including DOT (USA), ECE (European), SASO (Middle East), and are in addition REACH compliant for Europe.
All-steel truck radial tyre manufacturer Dynacargo began exporting to the United States earlier this year. According to online news reports, Dynacargo (a member company of Shaanxi Yanchang Petroleum (Group) Co., Ltd.-Kaidi Xixiang Company) has gained permission from Shaanxi Entry-Exit Inspection and Quarantine Bureau to export to the North American market.
The DC, located in Los Angeles Vipal is opening a new distribution center (DC) in the city of Los Angeles, California in the USA. The company reports that it will serve the Western regions of the United States and Canada. Vipal already has two other DCs in the US – one in Florida and another in Virginia. With the addition of this new investment, Vipal will have a structure with a capacity of 1,500 positions for pallets. The Los Angeles DC is being run by local partner JAS Forwarding (which also operates the Florida DC).Vipal describes the move as a way of boosting its presence in the country, which will enable further growth in the world's largest market for retreaded tyres, the US.
Trust My Garage (TMG) has experienced a boom in membership since the announcement that the scheme has applied to become a Government backed TSI code.
Following the announcement at the Trading Standards conference in June the number of independent garages wishing to become a TMG member has increased by an unprecedented 20 per cent.
Interstate Tire & Rubber Co. increased its already large program with 46 sizes. The total number of sizes of their summer tyre range is now more than 300.
Goodyear is unveiling a new Eagle race tyre with roots in consumer tyre technology at this weekend’s NASCAR Sprint Cup and Nationwide Series races at the Atlanta Motor Speedway. Reversing the usual development trend of racetrack-to-road, Goodyear’s newly designed right-side tyre marks the introduction of its Multi-Zone Tread Technology, combining two different rubber compounds in a single tread to face the conditions of one of NASCAR’s most demanding speedways.
Trelleborg and OK Tire Store participated in the World Plowing Contest held 19 – 20 July 2013 in Alberta, Canada. During the two day championship, 60 competitors from over 30 countries took part in conventional and reversible ploughing classes on both stubble and grass plots.
On 28 September 2013, the directors of The Goodyear Tire & Rubber Company declared a quarterly dividend of 73.44 cents per share of mandatory convertible preferred stock. The US-based tyre manufacturer reports that the dividend is payable 1 October 2013, to shareholders of record on 13 September 2013. The payout represents an annual rate of $2.9375 per share.
Next Tuesday, at 9am local time (2pm BST, 3pm CEST), Goodyear Tire & Rubber will hold a conference call to discuss details of its newly ratified master labour contract with the United Steelworkers union. Participating in the conference call will be chairman and chief executive officer Richard J. Kramer and Darren R. Wells, executive vice-president and chief financial officer.
Continental has appointed Matthias Matic as its new Hydraulic Brake Systems Business Unit head, part of the Continental Chassis & Safety Division, headquartered in Frankfurt am Main. Matic moves from his current position as Chassis Components Business Unit head on 1 September, succeeding Peter Laier who has assumed a position on the executive board of a German light manufacturer. “I’m looking forward to the new challenge. Hydraulic brake systems have proven their worth a million times over; they’re a key component of automotive safety. Friction brakes will continue to be an important topic for the foreseeable future”, said Matic.
Goodyear Tire & Rubber is set to receive its first Trade Americas Award from the Latin Trade Group at this year’s BRAVO Business Awards on 25 October. The tyre maker reports it will be given the BRAVO Trade Americas Award for its “valuable contributions fostering the development of small and medium size enterprises development in the Latin America region.”
Moulded polyurethane and rubber wheels and tyre manufacturer Stellana US Inc. has appointed a new industrial sales manager. Jack Garcyznski joined the company on 1 July and is responsible for developing sales of custom poured polyurethane parts throughout the United States.
The top job at Nexen Tire America Inc. will be taken over by David Sul following the resignation of Changrin Suk. The 25-year company veteran, who most recently held the head office position of senior managing director at Nexen Tire’s overseas business department, will begin as CEO of the North American operation on 30 September.
Continental shares that the 21-inch rim option of the Tesla Model S comes with its ExtremeContact tyre as original equipment. The ExtremeContact, which is not sold in Europe, is fitted to US and Canadian market versions of the electric saloon in size 245/35 R21. According to the tyre maker, the performance of ExtremeContact “matches up nicely” with the demands of the rear-wheel drive performance saloon that can travel from 0 to 60 mph in as little as 4.4 seconds.
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