Titan’s $33.4 Million Planet Group Buy Completed
Titan International has closed on the purchase of Perth, Australia-based Planet Corporation Group. Titan acquired 56% of Planet for $22.9 million and paid off the Australian firm’s outstanding credit facilities of $10.5 million at closing. Planet is an OTR tire and wheel specialist that manufactures, distributes and services products to customers in the mining, agriculture,
Titan Goes Down Under for Latest Buy
Titan International is acquiring a majority position in Australian OTR tire and wheel maker Planet Group, which includes National Tyres, Acme Wheel, Resource Tyre and Choice Tyres Wholesalers.
Automechanika Partners, Plans for 2013 India Show
Automechanika has added India to its range of international trade fairs. With ACMA Automechanika New Delhi, which will take place Feb. 7-10, 2013, Messe Frankfurt will be offering access to the much talked about Indian market. The fair will be held in Pragati Maiden. Member of Messe Frankfurt’s executive board, Detlef Braun explained, "In ACMA,
Tire Dealers Have a Place on YouTube
The power of video in today’s ultra connected world is undeniable. In today’s time-crunched society, people will take a minute or two to watch a video on YouTube well before reading some ad copy that an agency spent hours producing. Videos often appear on the first page of search engines and are a tried and
King, Seven Others Get Yokohama Promotions
Yokohama Tire Corp. announced promotions for eight people last week, including two top executives. Dan King, who had been vice president of sales and marketing, was promoted to senior vice president of sales and marketing. Thomas Masuguchi was promoted from controller to vice president and controller. “Dan has been highly instrumental in securing strong performances
Exec Shuffle at Yokohama
With the retirement of executive vice president and COO Jim MacMaster, Yokohama Tire Corp. has shuffled its executive deck. While no direct replacement for MacMaster was named, Yokohama president and CEO Takao Oishi promoted one individual and reassigned responsibilities to other executives. Dan King remains as vice president of sales and marketing, but will now
Titan Down in 1Q, Plans Efforts in Canada, Mexico
Titan International saw a drop off in sales and net income for the first quarter of the year compared to the same period of 2009. The tire and wheel maker posted sales of $196.4 million for the first quarter of 2010, compared to first quarter 2009 sales of $232.6 million. Net income for the first
Goodyear’s Kramer New RMA Chairman
Rich Kramer, Goodyear COO and president of its North American Tire unit, has been elected as chairman of the RMA. Kramer succeeds Jim MacMaster, executive vice president of Yokohama Tire Corp., whose two-year term ended. “Jim MacMaster provided valuable time, energy and leadership during the past two years,” said Charles Cannon, RMA president and CEO. “We
Digging In for the Future
James MacMaster, executive vice president and COO for Yokohama Tire Corp., is shown here planting a seedling under the watchful eye of Dr. Akira Miyawaki at the company’s “Forever Forest” tree planting event at its Salem, Va., plant last week.
Yokohama Makes Org Changes
Takao Oishi, Yokohama Tire Corp.’s president and CEO, announced several organizational changes, including Jim MacMaster being named to COO.