China’s Triangle Making Akron its U.S. Home
After months of discussions and meetings, China’s Triangle Group announced plans to make Akron its U.S. home. The tiremaker said it would open a research and development operations in the city, and later expand it to include a sales office. All told, Triangle plans to add 30 jobs in the city. One of the five
Zurcher Leaves DSP, Forming Commercial Dealer 20 Groups
Stu Zurcher has sold his stake in Dealer Strategic Planning and has opened his own 20-group developer, this one focused on the commercial tire business.
Margin Stable as Michelin Sales Increase
Groupe Michelin has released its first half financial results, showing stable operating income of 971 million euros for a 9.6% operating margin, with net sales up 21%. Michelin says the figures are in line with its corporate ìroad map, revising its full year sales volumes objectives upwards – after 12.6% market growth in the first
Michelin’s New EM Tire and Where the Market is Headed
To state the obvious, good OTR/EM tires don’t come cheap and immediate availability of the right product has been less than certain in the last five or six years. Therefore it only makes economic sense to treat tires as an investment and to maximise this investment accordingly. Speaking recently with Tyres & Accessories, Jock Aitken,
Daniels Tire Service Celebrates 100th Anniversary
Back in 1911, when residents of Whittier, Calif., and its surrounding communities needed new tires for their Ford Model Ts, they turned to R.F. Daniels. And while much has changed over the past 100 years, Southern California still depends on the Daniels family for tires, automotive service and expert advice. From its humble beginnings as
Hornsby Tire Distributors Adds New Ala. Warehouse
Ariton, Ala.-based Hornsby Tire Distributors has expanded its geographical footprint into the Huntsville, Ala., market with the opening of its newest distribution center. The June 13 expansion gives Hornsby, an independent regional wholesale tire distributor, a third warehouse within the state of Alabama and will allow the company to leverage additional efficiencies across the entire
Finely-Focused BKT Attains Rapid Growth in Just Three Years
A few years ago, punitive tariffs sought by a U.S. tiremaker and the USW caused considerable disruption in the small/medium OTR and agricultural tire market. Then the economy went south and the U.S. dollar’s strength was sapped. Meanwhile, heavy growth in China and South America created a shortage of OTR and ag tires. Those conditions
CMA Adds Increase to Pricing
China Manufacturers Alliance has announced price increases on its Double Coin brand OTR and medium truck tires sold in the U.S. and Canada. As of June 1, CMA said prices on all of those products – including associate and private brands Double Coin Holdings produces – will increase by up to 6%, with some in-line
New Sizes Added to BKT Lines
BKT-Tires (USA) Inc. has added a number of new sizes to its various product lines. The additions are as follows: • The bias OTR tire XL Grip Plus (L4) for wheel loaders gets sizes 26.5-25 and 29.5-25. • The FS216 forestry tire for logger/skidder applications adds size 24.5-32. • Size 750/60R30.5 was added to the
Michelin Makes $200 Million Expansion Plan
Michelin North America announced a $200 million expansion of its Lexington, S.C., passenger and light truck/SUV tire plant.MNA said expansion work will begin immediately and all of the planned new equipment should be installed by mid-2013. An estimated 270 new jobs will be added with the expansion. “The Michelin brand was quite resilient during the