ATD Closing Terry’s Alliance Operations
American Tire Distributors is closing the Alliance, Ohio, operations of Terry’s Tire Town. This closure includes one distribution center as well as Terry’s headquarters. The announcement comes just weeks after the deal between ATD and Terry’s closed. ATD operates several distributions centers within Ohio, including one in Canton, Cleveland, Cincinnati and Columbus. The distributor also has operations
Bridgestone Closing Japanese Steel Cord Plant
Within the coming 12 months, Bridgestone Corporation will close its steel cord facility in Kuroiso, Japan and consolidate production into its remaining Japanese steel cord plant, Saga. The company says these measures will commence immediately and it expects to complete them by late September 2014. Explaining why the decision to close the plant was made,
Marangoni Closing Plant, Exiting New Tire Markets
Marangoni Group has confirmed that it will end new passenger car and van tire production at its Anagni, Italy, factory. The announcement comes amidst local news reports of despondency amongst workers who expected to return to work in September after two postponements in August. Around 400 employees at the Anagni plant will be made redundant.
Michelin Closing Colombia Production Operations
In response to what it describes as "more than a decade of substantial annual losses in Colombia," a situation it says "repeated investments have failed to stem," Groupe Michelin has decided to close its tire plant in Icollantas. The tiremaker singles out the unit’s insufficient size and other local economic factors as the reasons behind
Even With Closings, Michelin Commits Capital Investment
Even as Groupe Michelin is tightening its European production and closing its plants in Columbia and Algeria, the tiremaker pledged an investment of some 800 million euros to capital improvements. Most of the focus will be on its plants and R&D operations in France, where investments are pegged between 2013 and 2019. This will include
Will French Workers Actually Buy Closing Plant?
Recently the French government was told it can keep its "so-called workers" at Goodyear’s slated-for-closure Amiens Nord factory, but news out of France suggests those workers may be offered an opportunity to keep their jobs – independently of Titan International or anyone else. On Feb. 26, the CGT (General Confederation of Labor) union proposed forming
Goodyear Out of EMEA Ag Biz, Closing French Plant
It’s official – the management of Goodyear Tire & Rubber Co.’s EMEA unit and Goodyear Dunlop Tires Europe confirmed there will be no last minute reprieve for Goodyear’s Amiens Nord factory in France. The plant is to be closed, and Goodyear will exit the agricultural tire business in the Europe, Middle East and Africa (EMEA)
Navistar Closing Garland Truck Plant
Navistar International Corp. has announced it will close its Garland, Texas, truck manufacturing operation in a move to cut costs and optimize its manufacturing capacity. The plant will cease operations by the first half of 2013. Truck volume now produced at Garland will transition to other North America operations that currently build similar models beginning
Titan International Closing on Titan Europe Buy
With its third quarter financial results press release, it was learned that Titan International has successfully landed Titan Europe in a stock swap deal. "The most exciting news for the period is receiving shareholder acceptance to acquire Titan Europe," said Titan International chairman and CEO Morry Taylor. "In fact as you read this, I am
Mysterious Closing Leaves Customers Hanging
A Grand Junction, Colo., tire dealership closed down suddenly, leaving customers surprised and confused. Sometime between Aug. 13-14, the doors of Eagle Xpress in the city were closed forever, the walls and floor stripped bare and the phone going unanswered. There was no warning, and no signs in the store windows or on its website