ITC Rules For U.S. Tiremakers, Dumping Probe Continues
(Akron/Tire Review) The International Trade Commission has sided with three U.S. tiremakers and the USW in their complaints that Chinese are dumping their tires at low prices thanks to government subsidies.
U.S. Launches China Tire Dumping Probe
(Akron/Tire Review) The Commerce Department formally announced that it was launching a probe into charges that Chinese OTR tiremakers are selling their tires in the U.S. at below fair market prices, and whether Chinese government subsidies allow the offshore tire companies to sell at such prices.
Court Says CTNA Has to Pay Retiree Coverage
(Akron/Tire Review) Federal Judge Jack Zouhary of the U.S. District Court for the Northern District of Ohio Western Division has ordered Continental Tire North America to make good on health insurance promised retired workers under contracts with the United Steelworkers.
Anti-Dumping Probe Raises China’s Ire
(Akron/Tire Review) China’s Ministry of Commerce has stated its “firm” objection to U.S. anti-dumping and anti-subsidy charges related to tires imported from that country.
Sweating It Out: Continuing Tire Shortage Opens Supplier Doors, Puts Strain on Servicing Dealers
It’s been the best of times and the worst of times for OTR tire dealers. Over the past three years, mining, quarry and construction customers have been crying out for new tires. But all the orders in the world mean nothing without tires. As dealers know all too well, the real result of all that
Partner in Growth: Focus on Cost Reduction, Service to Squeeze Profits Out of Ag Tire Market
The last two years set records in the agricultural history book. Unprecedented farm income growth, high commodity prices and unrelenting production demands in 2004 and 2005 resulted in strong equipment sales. And, those strong farm implement sales boosted the ag tire replacement market. But, the pendulum, now, is swinging the other way. According to the
Pensler Apparently Out of the Running on Bryan Plant
(Akron/Tire Review) Sources tell Tire Review that Pensler Capital Corp. is likely out of the running to buy Continental Tire North America’s (CTNA) OTR tire plant in Bryan, Ohio.
Denman Owner in Deal to Buy CTNA OTR Plant
(Akron/Tire Review) Reports indicate that Pensler Capital Corp., which owns Denman Tire Corp., has signed a letter of intent to purchase Continental Tire North America’s (CTNA) OTR tire plant in Bryan, Ohio.
Industry Report
Reports Say Georgia Site of Planned Toyo PlantIt’s existing capacity stretched to the limit, Toyo Tire & Rubber Co. took a giant step forward, announcing on Feb. 17 plans for a new $150-million passenger and light truck/SUV tire plant that would come on stream in 2006. News reports out of Atlanta in early February indicated the company received approval to build the plant in Bartow County, Ga., about 60 miles north of Atlanta. Toyo said the plant would have the capacity to produce two million consumer tires per year.
Industry Report
Working its way out from under a $728,000 deficit, the Tire Industry Association (TIA) is closing its Louisville, Ky., offices and training center and consolidating all of its operations at the association’s headquarters in Bowie, Md. The move was announced Jan. 12 and is effective as of Feb. 1.