Continental Shopping for College Grads
This year, Continental AG intends to hire around 1,500 university graduates and young professionals worldwide for both its tire and other automotive businesses. Announcing Conti’s planned intake for 2011, the company’s Executive Board member Heinz-Gerhard Wente said some 400 from this total would be based within Germany. Recruits with engineering and natural science majors are
Warthog RMS Officially Unveiled
Pro-Cut International formally released the Warthog Rotor Matching System. Introduced at last year’s SEMA Show, the Warthog RMS features "digital run-out computer technology and an all-new heavy duty quad-lift trolley" for any on-vehicle brake job. The Warthog features a cast aluminum body, “providing more dampening than any previous Pro-Cut model,” the company claimed, and an
Continental Looking at Loan Reworks
Various news reports say that Continental AG is in negotiations with banks to refinance some $7.2 billion in loans that will come due in 2012. Reports indicate that the talks are initial in nature, and Continental has not decided a course. Some analysts suggested that Continental could get cheaper loan terms due to its financial
RTA Adds 14 New Members
The Retread Tire Association announced the addition of 14 new members, including 10 from North America. The new members include Advantage ID, Anderson Tire & Treads Inc. (Canada), Karkassen Und Reifenhandel (Germany), Manley Tire (Canada), Monarch Vulcanising Systems Ltd. (England), New Industries Ltd. (Iceland), Pete’s Road Service, Resley Tire Co., Resources International Network, Scrap Tire
Cheng Shin Changes Plans
Maxxis brand maker Cheng Shin Rubber Industry Co. is stepping up its expansion plans by changing plans. According to CENS.com, Cheng Shin, which was going to build a medium truck tire plant in Changhua, Taiwan, will now build a passenger and light truck/SUV tire plant in the Yunlin Science Park in Taiwan. With an investment
Plant Upgrades, Management Change Ready Nexen for Next Level
Back in 2010 Nexen Tire Corp. announced plans for a one trillion won ($1.2 billion) investment in its largest factory yet in Changneyeong in the same region as its first plant (Yangsan), which along with the company’s second plant in Qingdao, China, continues to expand. Just before the start of the Chinese New Year, Tyres
Birla Carbon Buys U.S. Firm
On Jan. 31, India’s Aditya Birla Group disclosed it has entered into a definitive agreement to acquire U.S.-based Columbian Chemicals Company from One Equity Partners, the merchant banking arm of J. P. Morgan Chase & Co. Aditya Birla has purchased One Equity Partners’ equity in Columbian Chemicals through its associates Alexandria Carbon Black Co. and
Bridgestone Puts Ecopia Retreads in Market
The first retread product in Bridgestone’s Ecopia truck tire range has been released through the company’s European Bandag dealer network. The M749 highway drive pattern was released as a retread in January 2011 and utilizes the Ecopia casing, which Bridgestone says contributes around 60% to the tire’s rolling resistance qualities. In announcing the introduction of
Conti Launches Age-Friendly Plant Scheme
Germany, like many western nations, has an aging population. This creates challenges for employers wishing to retain their skilled workforce in operating environments that require physical strength and endurance. Continental AG is one such employer, and to tackle this situation it studied the workplaces of 25,000 of its employees within Germany with a view to
Honeywell to Sell Consumer Products Group
Honeywell announced that Rank Group, a private investment company, will acquire its automotive Consumer Products Group business in a cash transaction valued at approximately $950 million. The CPG business, headquartered in Danbury, Conn., has more than 2,000 employees and includes Fram filters, Prestone antifreeze, Autolite spark plugs and Holts car care products. The unit posted