Kumho Seeks Funds for U.S. Plant
Kumho Tire Co. announced this morning that it is moving forward on its plans for a plant within the U.S., making a request for funding. Yonhap News Agency reported a Kumho official confirmed that a funding request has been made with banks for the Macon-Bibb, Georgia location. The official however hinted that the process could
Tan Expands on Global Tire Market
There are three main concerns in the global tire industry, according to Dr. Enki Tan, executive chairman of Giti Tire Group. Tan shared his views with the trade media following the announcement of Giti’s first North American tire plant. Tan’s first concern is the volatility in the raw material prices. He noted that the changes
Conti Helps Transport Soccer Stars
As an official sponsor of the 2014 FIFA World Cup, Continental is equipping all 32 team buses for this year’s event in Brazil. The tiremaker is outfitting all buses with its ContiGol Urbano tire. “We are proud, that our premium bus tires are used on the team buses during the 2014 FIFA World Cup. The
Update: Giti Brings Plant to S.C.
Chester County, S.C., got its rumored tire plant, but it wasn’t Goodyear that came knocking. Instead, it was Singapore-based Giti Tire Group, which yesterday morning, June 16, revealed plans to build a $560 million radial passenger and light truck/SUV plant. An excited crowd in Chester County, S.C., waited with baited breath to see which company would
Turnaround Pro In After Del-Nat Management Shake-up
While it remains unclear exactly what is going on, private brander Del-Nat Tire Corp. cleaned house, firing its top two executives and bringing in a “turnaround professional” to head the Memphis-based company. Released were Jim Mayfield, president, and recently hired Lyle Symonds, vice president of marketing. In as interim CEO is Brian Grant, referred to
Bridgestone Officially Partners with Olympics
Bridgestone Corp. has officially entered into an agreement with the International Olympic Committee to serve as the Official Tire of the Olympic Games. The company will be an official Olympic partner through the 2024 Olympic Games. “As a global corporation, Bridgestone is excited to partner with the entire Olympic Movement, a group of organizations that
Hankook Concept Tires Honored at IDEA
Two Hankook Tire concept tires were awarded International Design Excellence Awards (IDEA) in the transportation category. The recognized tires, Tilread and eMembrane, were produced in collaboration with the University of Cincinnati. With this recognition, Hankook has been honored at three of the world’s design competitions in 2014. The tiremaker’s Ventus V12 evo2 was recognized with
Horizon’s Guerrieri: New Tariff Bad for Consumers, Bad Business
Responses from the industry to the United Steelworkers latest action to gain another additional tariff on consumer tires imported from China are beginning to surface. On June 2, the USW filed a petition requesting antidumping and countervailing duty relief under Sections 701 and 731 of the Trade Act of 1930, claiming dumping margins as high
Hankook Breaks Ground on R&D Center
Hankook Tire broke ground on the construction site of a new research center – “Hankook Technodome” – in Daejeon, Korea, today. The tiremaker plans to invest $266 billion won on the R&D center, which is scheduled to complete construction in 2016. The facility is the tiremaker’s seventh research center and will play a bridging role
Civilized? Not With a 98% Used Tire Reg Failure Rate
I find it quite interesting that the U.K., one of the most civilized, freedom-loving first-world countries on the globe, has an actual law governing the sale of what they call ‘part worn tires.’ It is not illegal to sell them to consumers there, mind you, but there are specific regulations under the Consumer Protection Act’s
Cooper Hosts Summer Promo
Cooper Tire & Rubber Co. is encouraging consumers to hit the road this summer with its national summer promotion. Now though July 15, customers can earn up to $70 back when purchasing a set of select Cooper tires. Eligible tires include Adventurer A/T, Response Touring, Zeon RS3-A, Zeon RS3-S, CS3 Touring, CS5 Touring, Discoverer A/T3
Goodyear Featured as OE on Dodge Challenger SRT 392
The 2015 Dodge Challenger SRT 392 will feature Goodyear Eagle RS-A2 tires as original equipment. “With every Eagle tire, Goodyear strives to deliver superior performance by enabling the massive power generated by top performing automobiles to be transferred to the road in an optimal manner,” said Tara Foote, Goodyear Tire & Rubber Co. brand manager.
