CTNA Offers New Proposal to Charlotte Plant Workers
(Akron/Tire Review) Continental Tire North America (CTNA) has offered the USW-represented workers at its Charlotte, N.C., tire plant a new proposal that, company officials said, “achieves the same reduction in manufacturing costs with less impact on current employees and retirees.”
Pirelli UK Cuts Workers’ Pay Increase
(Clacton, U.K./Tyres & Accessories) Managers at Pirelli’s Carlisle facility have told unions that they want to keep workers’ annual pay increase below the rate of inflation.
Tyre Shortage Set to Continue
(Clacton, U.K./Tyres & Accessories) We hear so much about overcapacity in the tyre industry, with too many tyres chasing too few wheels, but this is not the case in all sectors and certainly not in the OTR/Earthmover tyre market, where words and phrases such as “crisis” and “global shortage” are freely bandied about.
Michelin Achieves Profit Growth Through Price Rises
(Clacton, U.K./Tyres & Accessories) Michelin has reported an operating income of 1,368 million euros for 2005, up 5.1 per cent on a year earlier.
Advanced Compound Fillers Increase Fuel Economy
(Clacton, U.K./Tyres & Accessories) Fuel prices have been increasing across the board since 1988. Drivers today have to spend more than twice as much per litre of petrol used than at that time.
Record Sales Help Goodyear Double Profits
(Akron/Tire Review) Thanks to improved pricing and product mix and increased unit sales – and despite a shaky final quarter – Goodyear Tire & Rubber Co. reported record yearly sales and its highest net income in eight years.
Mechanics More Expensive than Doctors
(Clacton, U.K./Tyres & Accessories) What Car? has continued its criticism of the U.K. garage business by publishing an investigation into car servicing costs at 200 U.K. dealers.
WRAP Forum Focuses on Landfill Ban Legislation
(Clacton, U.K./Tyres & Accessories) The impact of new legislation banning tyre shred from landfill sites was the main discussion topic during the second WRAP (the Waste & Resources Action Programme) Tyres Stakeholder Forum.
Trelleborg Group Shows Growth
(Clacton, U.K./Tyres & Accessories) The Trelleborg Industrial Group has published its financial results for 2005. Net sales were 24,170 million Swedish Kronor (SEK) or 2.57 billion euros, compared with the 2004 figures of SEK 22,912 m (2.43 bn euros).
Conti Announces Commercial Tire Price Hike
(Akron/Tire Review) Continental Tire North America (CTNA) has announced a price increase of up to 6% on all of its medium truck, heavy truck and OTR tires, effective Mar. 1.