New Line Haul Drive Radial From Hankook
Hankook Tire America said it is continuing to expand its footprint in the commercial tire market by introducing its next generation line-haul drive tire, the DL07, at the 2010 Mid-America Trucking Show. Engineered with Hankook’s latest technology, the DL07 is developed with an aggressive block pattern and delivers superior traction and performance for line-haul applications
Supply Nearly Meets Demand in OTR Segment, Market Loosening
The OTR tire market has gone through drastic supply and demand changes over the last several years, making it tough for dealers – and manufacturers – to adapt. The good news is things are forecasted to stabilize in the near future, even in the hard-to-produce 57- and 63-inch sizes. In the earlier part of the
Rosler Kazakhstan Plant Fully Operational
In 2008 Dortmund, Germany-based Rosler Group finalized a deal with one of the world’s largest copper mining companies, Kazakhmys to install a turnkey retreading facility for Kazakhmys’ underground and open pit operations in Kazakhstan. Eighteen months later Rosler and Kazakhmys have announced that that they have completed construction of the new retreading facility in Zhezkazgan,
After Strong 2009, Hankook Looks to Take it to Another Level
During Hankook Tire America’s recent dealer meeting in the U.S. Virgin Islands, Tire Review had the opportunity to sit down and discuss a wide range of issues with its new president Soo Il Lee, Bill Bainbridge, director of brand communications, and Todd Hershberger, senior vice president of sales and marketing. How have you handled all
Daewoo Sale Helps Kumho Restructuring Plan
The Kumho Asiana Group is one step closer to untying its financial knots as the financial investors of Daewoo Engineering and Construction accepted the terms for selling their share in the company. This leaves the path clear for Kumho Asiana to continue its restructuring plans a step further without losing Kumho Industrial to court receivership.
Thai Bridgestone Bandag Center Set for Growth
Upon announcing the opening of the latest Bridgestone Bandag Retread Center in Thailand, Bridgestone Corp. stated it anticipates the significant growth of its retreading business in Asia, and in preparation for this expansion it will begin construction of a retread materials plant in Thailand this November. The Bandag center officially opened by Thai Bridgestone Co.
China’s Tiremakers Facing Tougher Competition – From Majors
China’s tiremakers are facing tougher – and growing – competition from major industry names as companies like Groupe Michelin, Bridgestone Corp. and others are boosting their investment in China. According to the People’s Daily, “Booming domestic market made foreign companies more confident in their expansion in China, and will lead to more fierce competition in China,"
New Generation Bridgestone Potenza S001 UHP Tire
Bridgestone Corp. has launched a new flagship UHP tire aimed at the world’s top sports cars. The Potenza S001 is designed for maximum sports performance and, according to the company, can also offer high fuel efficiency/reduced rolling resistance at the same time. Already factory fitted on the Aston Martin Rapide and Ferrari F458 Italia, the
Down Market Gives Titan $300 Million Sales 2009 Drop
Extended OEM shutdowns and downturns in its core markets led Titan International to a $300 million sales fall-off in 2009. Titan posted 2009 sales of $727.6 million, as compared to $1,036.7 million in 2008. Net loss for the year was $24.6 million, compared to net income of $13.3 million in 2008. Sales for fourth quarter
Report: Memphis Dealer Eyed in Tire Repair Contract Dispute
The Memphis Commercial Appeal has reported that a local tire dealership, contracted with the city to repair flat tires, racked up bills of more than $1 million last year – a substantial increase from 2005 when it charged the city just $100,000. Around Town Tire & Trucking holds the exclusive rights to repair flat tires