Yokohama COO: China Imports Large Part of Consumer Tire Growth
Yokohama Tire Corp. COO Takayuki Hamaya gave us a review of his company’s 2013 efforts and a look forward at the coming year. Question: How did the market segments of consumer, commercial and off-the-road tires perform compared to each other?Hamaya: We saw growth in both the consumer and commercial segments in 2013. Demand really began
With Workout Nearly Done, Analysts Sees Bright Kumho Future
Korea Investment & Securities anticipates that a continually improving financial position at Kumho Tire Co. makes the company good value for investors. In comments published by English-language Korean publication IT Times, analyst Kim Jin-woo said the tiremaker’s debt burden is falling rapidly, and he opines that this financial turnaround isn’t yet reflected in the current
Cooper Tries to Clarify CCT, Financial Report Situations
With continuing confusion over its current status with Chinese joint venture Cooper Chengshan (Shandong) Tire and necessary U.S. financial reporting, last evening Cooper Tire & Rubber Co. issued the following statement: “Cooper has continued to work with the joint venture partner and labor union at CCT to restore normal operations as soon as possible. Last
Mesnac Consolidates Regional Operations Into Global Tooling Division
In order to consolidate its operations in the U.S.A., U.K., Slovakia and China into one single business unit, Mesnac has created a 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
Elgin Industries Opens Distribution Facility
Elgin Industries, a North American manufacturer of original equipment and replacement engine and chassis components, has opened a standalone product distribution facility in Elgin, Ill. The facility will serve the packaging, private label and specialized shipping requirements of aftermarket distributors and other customers served by the company. “We have experienced significant growth in our OE
Bosch 2014 Brake Components Print Catalog Available
The Bosch Braking Components print catalog for 2014 provides a comprehensive listing of all of the company’s friction lines for domestic, Asian and European vehicles in the U.S. and Canada. Also included are parts available in the Bosch Brake Products line for vehicles in Mexico. It covers vehicles from 1946 to the current model year,
Anoka Man Accused of Stealing Thousands of Tires from Employer
An Anoka, Minn., man has been accused in Anoka County District Court of stealing more than a thousand tires worth thousands of dollars over a over a period of several years from the business where he worked. The Anoka County Attorney’s Office has filed a felony theft charge against Walter Jess Anderson, 45. According to
SteeringAce XAS All Season
The SteeringAce XAS (AU02) is an ultra-high performance, asymmetrical, all-season tire that provides an exceptional value at a competitive price for discriminating drivers, according to Aeolus. This new tire provides superior wet and dry handling and low noise. Additionally, it’s available in 37 popular, high volume SKUs, ranging from 15 through 20-inch and 55 through
Commentary: T&A Publisher Says Pirelli Now ‘For Sale’
As reported last week, Pirelli SpA CEO Marco Tronchetti Provera, whose family holds the largest single stake in the company, plans a full departure from the company, first as CEO and then as shareholder. The only point we can now speculate on is the timeframe this will occur within; Tronchetti says he plans to take
Toyo Tire Canada Welcomes New President
Kiyohito Hasumi became president of Toyo Tire Canada Inc. on Jan. 1. Hasumi has been a veteran of the Toyo Tires group for 18 years. He brings with him “extensive management experience in both the North America and Japanese markets” the company noted. Hasumi succeeds Shoji Hirao as president, who served as president since 2011.
Maxxis Builds Brand Awareness at 2014 Australian Open
For the fourth straight year, Maxxis will sponsor the Australian Open Tennis Tournament, which is scheduled for Jan. 13-26 in Melbourne.
Element3 Brake Pads
Element3 is the world’s first enhanced hybrid brake pad featuring Enhanced Hybrid Technology, according to Brake Parts Inc., the makers of Raybestos brand brakes. The Element3 provides noise and dust reducing qualities while providing the exceptional performance and durability of a semi-metallic pad, especially in severe use and high-heat environments, according to the manufacturer.