Double Coin and CMA, announced the completion of its new advanced manufacturing facility in Thailand. The facility is owned by Huayi Group Co. and will manufacture truck, bus, industrial tires and OTR tires for the North American market.
Nexen Tire and Mubadala Investment Co., the Abu Dhabi strategic investment fund, signed a Memorandum of Understanding to explore strategic partnership opportunities. Mubadala has made a direct investment into Nexen as part of the agreement.
The U.S. Tire Manufacturer Association President and CEO Anne Forristall Luke recently authored an opinion piece for The Hill to address the negative impact the Trump Administration’s action on steel imports could have on tire manufacturing in the U.S.