Tree Guru Helping Yokohama Planting
Yokohama Tire Corp. is hosting the so-called "tree guru" as part of a week-long series of eco-themed events at its Fullerton, Calif., headquarters. The tiremaker’s "Green Week," Nov. 30-Dec. 3, will feature a visit by tree expert Dr. Akira Miyawaki who is coming to Fullerton to assist with the planting of 500 seedlings at Yokohama’s
Revised CAFE Standards Afford Tiremakers New Opportunities
In the August issue of Tire Review, I began to address Corporate Average Fuel Economy (CAFE) standards for vehicles sold in the U.S. and what the legislation means for the tire industry. Now we’ll take a deeper look at how tire manufacturers are responding to changing legislation – and consumer demand – with their own
Obama Challenged to Set 60 mpg Fuel Economy Standards by 2025
The Consumer Federation of America (CFA) and 21 of its member, state and local groups have delivered a letter to President Obama, urging adoption of a fleet-wide car and light truck fuel economy standard of 60 mpg by 2025, with the stated goal of saving consumers money. The Obama Administration will release a Notice of
Sumitomo Looks to China for New Plant
Sumitomo Rubber Industries Ltd. has announced plans to build a new passenger tire factory in China. Construction is set to begin in September 2010, with a total investment of $297 million (267 billion yen) earmarked for the project. Production is planned to begin in July 2012 with output rising to 15,000 tires a day (after
New Nexen South Korea Plant Under Way
Construction work on Nexen’s newest passenger and light commercial vehicle tire factory in South Korea’s Gyeongnam Province has begun following its groundbreaking ceremony on June 24. The 500,000-square-meter Changnyeong facility is being built with a 1.2 trillion won investment, and Nexen anticipates its output will boost the company’s South Korea and China total to 60
Final Deadline Today for 2010 Top Shop Awards
Today is the deadline to enter the 2010 Tire Review Top Shop Awards, presented by Ammco/Coats. Entries will be accepted until midnight on June 28. Entry forms and information are now available online exclusively at the Top Shop Awards website at www.tirereviewtopshopaward.com. Complete entries can be made right online. The awards are as outstanding as
ATD Plans Note Offering to Finance Acquisition
American Tire Distributors will offer $250 million in senior secured notes to help its parent company finance part of its recent acquisition. Last month, ATD was acquired by equity company TPG Capital in a $1.3 billion deal. The sale is set to close by mid-year. Under the note offering, ATD will “offer $250 million aggregate
Improved Pit Racks From Hunter
Hunter’s new P441 and P444 pit racks offer greater capacities and capabilities to easily service everything from passenger cars to box trucks, the company said. The drive-on rack design saves time over raising and lowering a lift and is ideal for shops with low ceiling height. Both racks feature an 18,000-pound capacity and 22.5-inch runway
Titan Plans Note Offering
Tire and wheel maker Titan International said it plans to offer $75 million of its convertible senior subordinated notes in a private offering to “qualified institutional buyers. The notes, due 2017, will be offered “subject to market conditions,” Titan said. Titan said it “intends to use the proceeds from the offering for general corporate purposes,
Second Stage of Forever Forest Planting Held in China
Yokohama Rubber Corp. reported more tree planting activities, this time in the People’s Republic of China. On Oct. 17 some 250 people connected to three Yokohama plants in China attended a jointly-staged second-phase tree-planting ceremony as part of Yokohama’s Forever Forest project, according to Tyres & Accessories. Workers and their families from Hangzhou Yokohama Tire