Jim’s Blog: Misc. Musings from the Aisles (or What Happens in Vegas…)
• Full plane from Cleveland mid-day on Sunday. Browns game update from the pilot met with boos. Most of the passengers, turns out, are headed to the show and weren’t about to let that bum them out. • If you’ve never been to McCarren Airport in Vegas, let me describe for you. One part shopping
Pirelli to Invest $100 Million More in Brazil, Latin America
Worldwide, Pirelli anticipates its specialized tire segment to expand a total of 7.5% over the next three years, and growth in Latin America and particularly Brazil is expected to be far stronger. The Italian manufacturer estimates sales of construction, digging and mining vehicle tires in these two markets to increase by 25% and 37%, respectively,
South Korea Gets Another Tiremaker
South Korean mega-corporation Daewoo International Corp., involved in everything from construction to automobiles, is now in the tire business. The company took a display at last week’s SEMA Show to demonstrate its new line of Daewoo-branded passenger, light truck/SUV, medium truck and OTR radials. Daewoo plans to offer the lines around the globe, including North
Pirelli Tyre Performance Helps Company Position in 3Q
According to the Pirelli Group, the first nine months of the 2009 fiscal year delivered “positive” operating indicators that are “overall in line with what was set out in the 2009-2011 industrial plan.” The company forecasts that, barring unforeseeable events, it will in the full year 2009 reach the targets identified in the plan presented
Bridgestone Posts Loss for Challenging First Three Quarters
Bridgestone reports its operating environment “remained challenging” in the first three quarters of the 2009 fiscal year. The nine months to Sept. 30, it comments, was a time of “weakened consumer spending and declines in private sector capital investment, which counteracted signs of recovery among some exports.” The continuation of recession conditions in Europe and
LIVE AT SEMA: Coker Launches New Radial for Vintage Cars
Coker Tire Co. introduced a new line of Excelsior tires that combines modern-day radial construction with classic appearance. Known as the Excelsior Stahl Sport Radial, this new line of tires is made to replace the old bias ply tires on vintage cars. This steel-belted radial is targeted toward restored vehicles, built before WWII, but the
BFG Adds Six Sizes to All-Terrain T/A KO Line
BFGoodrich Tires has added six new sizes to its premier light truck tire, the All-Terrain T/A KO. The additional sizes are designed to provide coverage for some of the latest pick-up truck fitments, including the Dodge Ram 3500 Series, Ford F-150 and Super Duty F-250/350 Series as well as the Toyota Tundra, the company said.
Industrial Tire Firm Buys Distributor
Solideal USA has acquired SPW Industries Inc. SPW is an Atlanta-based service provider and distributor of construction and industrial tires, wheels and rubber tracks. Solideal said SPW’s 13 locations throughout the Southeast will compliment its own service network. “We are delighted that SPW has joined our team,” said Bob Bulger, managing director of Solideal. “I
OTR Tire Specialist Qizhou Diversifying its Range
In the past 10 years, Qingdao Qizhou Rubber Co. Ltd. has striven to expand its business in export markets and to facilitate this invested approximately $14 million in the construction of a OTR tire new factory in 2003.
More on GPX Bankruptcy, Alliance Acquisition
According to a news release issued this morning by the management of GPX International Tire Corp., the Malden, Mass.-based tiremaker filed for bankruptcy protection late on Oct. 26. Shortly after the bankruptcy filing, Alliance Tire made an offer – reportedly for $38.3 million – to buy parts of GPX’s operations. Both parties appear positive that