Director Rob Oudshoorn told the paper talks are under way with a number of candidates and the sale is expected to be completed in the first quarter of next year.
Amtel bought Vredestein in 2004 for €195m. Last month Amtel applied for court protection from creditors.
Enschede-based Vredestein has a workforce of 1,500 and produces some five million tyres a year. (Tire Review/Akron)
GRI welcomes Giorgio Gramegna and Simon Michael as regional directors for Europe, MEA and South America.
GRI has appointed Giorgio Gramegna as director for Europe and Simon Michael as director for MEA and South America.
Gramegna, who GRI said has over 20 years of experience in the tire industry, will lead GRI's efforts to grow its business in Europe. He's held various positions in the industry, including OEM key account Europe and global account leader, and has achieved remarkable business growth for his previous company in the last three years. Gramegna has held senior positions in companies such as Yokohama and Trelleborg.
Monro’s fiscal year 2023 net income decreased compared to the prior year.
Michelin says its multi-million dollar investment will increase the output of Camso agricultural rubber tracks to respond to “market evolution.”
The Montrose location marks the Flynn Tire Group’s 27th retail location.
The 595 NTB and Tire Kingdom stores Mavis is acquiring are in Florida and Texas, as well as other states in the mid-Atlantic, Midwest and South.
Turbo Wholesale Tires is now the official tire provider for West Coast Customers, the shop behind the MTV show “Pimp My Ride.”
Paul Reitz of Titan International is a finalist for EY’s Entrepreneur of The Year 2023 Midwest Award.
Nexen plans to invest approximately $1.3 billion to build a factory in the US with the Southeast as its target region.
Nokian Tyres has joined an international project to improve the quality and yield of recycled carbon black from end-of-life tires.
