With Imports Growing, Isn’t it Time for Representation?
It was with great interest that I read of Federal Tire Corp. and Kenda Rubber Industrial Co. joining ITMA in Europe. ITMA is the Imported Tire Manufacturers’ Association, which now has 21 members and is charged with representing and supporting the best interests of those firms importing tires into Europe. “With the sheer volume of
BRIC and MINT Economies Impact on Tire Market
OK so the fact that China is the world’s largest tire producer, the largest carmaker, has the largest population and is likely to be the largest economy soon means that it is massively premature to write off the People’s Republic. Rapid growth and the huge scale of Brazil, Russia and India means these markets are
Farm Tire Update
Drought, D.C. Weigh on Entire Farm Tire Chain
Sumitomo Confirms $516 Million JV Plant in Turkey
Sumitomo Rubber Industries Ltd. has signed a deal with Petlas Lastik Sanayi ve Ticaret AS to build a tire factory in Turkey. Sumitomo and Petlas will invest $516 million in the factory in Cankiri, north of Ankara, to OE supply tires for Japanese automobile firms and become a base for the European market, according to
K&M Outlines Growth Goals, Mr. Tire Expansion at Annual Conference
Since K&M Tire acquired Universal Cooperatives’ Triton Tire & Battery division in November 2010, the company has been on a steady growth track. Most recently, the Delphos, Ohio-based wholesaler purchased assets of Don’s Tire in Cross Plains, Wis. And at its annual tire dealer marketing group meeting, held mid-January in Las Vegas with 175 dealers
Tires Caught in Middle of Cyprus Conflict
The sovereignty of Cyprus is a long-standing source of tension between Greece and Turkey, and it now appears this territorial stand-off extends even as far as the tire world. Greece’s Ministry of National Defense has denied reports published in the Turkish Republic of Northern Cyprus that vehicles used by armed forces in the Greek-controlled Republic
Turkish Tiremaker Signs $250 Million Deal With IFC
(Turkey News.com) Turkish tire manufacturer Petlas, the first and only plant in Turkey that can manufacture military tires, signed a loan agreement with International Finance Corporation (IFC) worth $250 million, an executive of Petlas said Sept. 2.