U.S. Adds Duties to China-Made OTR Tires
The U.S. Department of Commerce has opted to impose countervailing duties – at least initially – on new OTR tires imported from China, saying the makers of those products benefited financially from Chinese government subsidies.
Kumho Petrochemical Increases Stake in Kumho Tire
The London Stock Exchange’s Regulatory New Service reports that Kumho Petrochemical has increased its shareholding in Kumho Tire Co.
Hankook Reaffirms Commitment to Vehicle Modification Group
As part of its commitment to motoring that is both enjoyable and responsible, Hankook Tire recently signed a contract at the Essen Motor Show confirming its ongoing partnership with the German tuning organisation VDAT.
Ceat Close to Land Sale Deal
India’s Ceat Ltd. is reportedly close to closing a deal that will see 2.8 hectares of surplus land at its Mumbai factory sold off.
Apollo to Expand OTR Production Six-Fold
News that Apollo Tyres was considering some form of joint venture with Indian mining vehicle manufacturer Bharat Earth Movers Ltd. (BEML) and its most significant customer, Coal India, was first disclosed in early April 2007.
More Charges Laid Against Marine Hose Cartel Participants
According to the U.S. Department of Justice, charges were laid against an independent consultant and two executives from Grimsby-based Dunlop Oil & Marine Ltd. on Dec. 5.
Goodyear Combining Overseas Units
As of Feb. 1, 2008, Goodyear Tire & Rubber Co. will combine some of its once separate overseas business units into one. The new region combines Goodyear operations in Europe, the Middle East and Africa.
Jersey Dealer Group Plans Donation Program
The New Jersey State Tire Dealers Association has started a new charitable program involving its dealer members.
Connors Heading Marangoni Marketing, Communications
Marangoni Tread North America promoted Marge Connors to manager of marketing and communications.
Toyo Gives Scholarships to Six
Six Southern California high school student-athletes received John Wooden Scholar-Athlete Awards courtesy of Toyo Tire (USA) Corp.
Myers Sales Put Off – Again
Myers Industries Inc. has announced a second delay in its planned sale to Goldman Sachs’ private equity group GS Capital Partners.
Management & Unions Meet to Discuss MRF Lockout
Managers from the MRF tyre plant at Tiruvottiyur in the Indian state of Tamil Nadu met with union representatives on Dec. 7 in an attempt to resolve the deadlock over the factory lockout that began four days earlier.