USA Archives - Page 87 of 268 - Tyrepress

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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Noji named new Yokohama North America boss

Yokohama Rubber has announced three personnel changes that will take effect on 1 May.

Hikomitsu Noji has been appointed CEO of the tyre maker’s US operation, Yokohama Tire Corporation, and CEO of Yokohama Corporation of North America. Noji retains the title of president and representative director of parent company Yokohama Rubber. Noji is expected to travel to the United States regularly in his new role but will remain based at Yokohama Rubber’s headquarters in Tokyo.

3rd April 2013/12,345 Comments/by Tyrepress Editors

Omsk Carbon Group to build Belarus plant

Russia’s Omsk Carbon Group intends to erect a new carbon black facility in Mogilev, Belarus. The plant will be operated by new company subsidiary IOOO Omsk Carbon Mogilev and established at a cost of around US$130 million. Output is expected to start at 80,000 tons of carbon black per annum in 2015 and reach 150,000 tons a year by 2019. More than half the plant’s production will go to local tyre maker Belshina, a further three to five per cent will be sold to other domestic consumers and the remainder exported.

2nd April 2013/12,345 Comments/by Tyrepress Editors

Bridgestone appoints new North American head of commercial marketing

Bridgestone Americas subsidiary Bridgestone Americas Tire Operations reports that its commercial tyre division has a new vice-president of marketing. As of 1 March this position has been occupied by Matthew Stevenson, who joins the company from Meritor, Inc., where he served as general manager of North American Field Operations and Marketing. Prior to beginning his role with Meritor in 2010, Stevenson spent ten years at Daimler Trucks North America, where he held several positions of increasing responsibility in both sales and marketing.

25th March 2013/12,345 Comments/by Tyrepress Editors

GRL showcases OTR products, large capacity increase

Indian tyre manufacturer GRL is best known for bicycle and two-wheel products, but at Tyrexpo Asia, the company is showcasing its recent strategic investment in off highway tyres. The company is manufacturing tyres covering agricultural, industrial and construction applications.

20th March 2013/12,345 Comments/by Tyrepress Editors

Chancellor to tweak pensions in budget?

Chancellor George Osborne chose budget day to join the twittersphere, using his maiden post to say: "Today I'll present a Budget that tackles the economy's problems head on helping those who want to work hard & get on." But what is this likely to mean for those of us that are hard working?

20th March 2013/12,345 Comments/by Tyrepress Editors

IRSG secretary-general hails tyre makers’ ‘decade of opportunity’

Speaking as principal guest at the opening of Tyrexpo Asia 2013, the secretary-general of the International Rubber Study Group (IRSG) has predicted strong global demand for tyres through the coming decade. Dr Stephen Evans said that large scale Chinese and Indian car registration growth is projected to help increase the world’s vehicle pool by more than 50 per cent in the next decade. The ninth staging of the show opened in Singapore on 19 March, with more than 250 exhibitors in tyre, rubber, equipment, machinery and accessory suppliers participating.

19th March 2013/12,345 Comments/by Tyrepress Editors

Tyre 350,000,000 produced at Cooper’s Texarkana plant

It’s taken almost 49 years, but on 14 March Cooper Tire & Rubber’s Texarkana factory in the US state of Arkansas produced its 350 millionth tyre. The tyre maker says 7 million tyres are produced in Texarkana every year these days, giving the plant an annual output that’s a far cry from the early years; the first tyre was produced at the factory on 16 April 1964, and it took 24 years before the millionth tyre was manufactured.

18th March 2013/12,345 Comments/by Tyrepress Editors

MAC Tools raises £4,100 for BEN

Celebrating their 75th anniversary, staff at MAC Tools, the automotive division of Stanley Black & Decker, raised an impressive £4,100 through an auction in aid of BEN, the automotive industry charity. Tony Prueitt, UK Commercial Director of the Industrial & Automotive Division, invited Peter Cottle, BEN's Head of Business Development, to outline the charity's role for all franchisees attending their annual conference. Peter ensured everyone understood the breadth of support available to anyone who works, or has worked, in all automotive and related industries, as well as their dependents.

14th March 2013/12,345 Comments/by Tyrepress Editors

Bridgestone to offer SmartWay verified retreads

In the US, Bridgestone recently submitted four Bandag retread products to the Environmental Protection Agency (EPA) for SmartWay verification. Upon approval, Bridgestone will offer a total of seven SmartWay verified retreads following a number earlier approvals. Three Bandag retread products – the B710 FuelTech, B197 FuelTech, and B135 FuelTech – are already on the agency’s list of low rolling resistance retreads.

14th March 2013/12,345 Comments/by Tyrepress Editors

Reports: KKR close to Alliance Tire Group buyout

Reports from India suggest private equity firm KKR and Co. is in the last stage of talks to buy as much as an 80 per cent stake Alliance Tire Group. The latest news, which follows a couple of months of speculation about the deal, values the company at around US$600 million. According to livemint.com, KKR will buy out the stake currently held by another private equity firm, Warburg Pincus Llc, as well as the minority stake held by certain other stakeholders.

12th March 2013/12,345 Comments/by Tyrepress Editors

Cooper halts Findlay production for the week

According to local news sources, Cooper Tire & Rubber has paused production at its Findlay factory in the US state of Ohio. The Toledo Blade reports that production has been idled since 2 March due to high inventories and the implementation of a software system. Tyre production is scheduled to recommence on 9 March.

7th March 2013/12,345 Comments/by Tyrepress Editors

Titan announces dividend, increases notes offer

Titan International’s Board of Directors has approved a quarterly cash dividend of US$.005 (one half cent) per common share for the first quarter of 2013. The cash dividend is payable Monday 15 April 2013 to stockholders of record on Thursday 28 March 2013.

7th March 2013/12,345 Comments/by Tyrepress Editors

BKT aiming for 10% segment market share

During the SIMA show, Indian tyre maker BKT gave an update of the company’s recent performance. Highlights covered including the firm’s average annual growth rate – this remains at approximately 30 per cent. BKT also claims to currently hold five per cent of the global market share in the off-highway tyre sector in speciality segments such as agricultural machines and equipment, earthmovers, industrial vehicles, ATV and lawn & garden applications. The company says it aims to double this market share by the end of 2014; at this time it plans to achieve a turnover of US$1.36 million, and a turnover of $2 billion by 2020.

4th March 2013/12,345 Comments/by Tyrepress Editors

Yokohama reorganises North American sales regions

Yokohama Tire Corporation has announced what it calls key changes to its Consumer Sales division. These changes take effect immediately and include the addition of a new sales zone, along with several organisational changes. On the changes, Dan King, senior vice-president of sales and marketing for the Japanese company’s North American manufacturing and marketing arm, commented that “the geographical reorganisation offers the best utilisation of our resources and moves us closer to our dealers in order to better support them.”

4th March 2013/12,345 Comments/by Tyrepress Editors

Goodyear declares dividend

Directors at Goodyear Tire & Rubber have declared a quarterly dividend of US$0.73 per share of mandatory convertible preferred stock. The dividend is payable 1 April 2013, to shareholders of record on 15 March 2013. The payout represents an annual rate of $2.9375 per share.

4th March 2013/12,345 Comments/by Tyrepress Editors