Looking Long Term: Kanwar Has Apollo Tyre Focused…and on the Move
When Onkar Kanwar took over Apollo Tyres Ltd. In 1980, the company was a huge mess. Bad tires and worse management had driven the company – founded by his father in 1976 – into bankruptcy, its net worth wiped out five times over. But nearly 30 years later, the 66-year-old chairman sits atop India’s largest
Damage Long Ago Done
Our friends at the Heavy Treadin’ Blog weighed in on the recent U.S. tariff ruling in Chinese passenger tires. Always love reading their take: “In my post on Friday, I stated that President Obama had until the 17th of September to make up his mind on the issue of Chinese tire tariffs. 3 hours after
ATD Among Fastest Growing Private U.S. Companies
This month, Inc. magazine named Huntersville, N.C.-based American Tire Distributors Inc. to its 2009 list of the 5,000fastest-growing U.S. private companies. The company was ranked No. 13on the list by revenues, and No. 25 on the list in terms of grossdollars of growth. ATD’s Revenue increased 30.3% from $1.5 billion in2005 to $2 billion in
Cooper’s Tupelo Expansion to Begin this Month
Construction is set to begin this month on the $6 million expansion of Cooper Tire & Rubber Co.’s plant in Tupelo, Miss.RFW Construction, based out of Dyersburg, Tenn., will build the 32,000-square-foot addition, which was which originally was estimated to cost about $5.75 million. Under the bid requirements, the work must be completed within 210
Titan Auction Raises $54,000 for FFA
Titan Tire Corp. raised a total of $54,000 for the Illinois and Indiana Future Farmers of America chapters during its annual auction at the Farm Progress Show in Decatur, Ill. Titan donated a wide range of agricultural, construction and ATV tires to the two-day auction on Sept. 1 and 2, in addition to seed corn
After Cutbacks, Toyo Now Back on Track
Atthe start of the year, Japanese manufacturer Toyo Tire & Rubber Co. put thebrakes on expenditure in response to the global economic and financial crisis. Thepackage of measures implemented were received with a shock: layoffs, massivebudget cutbacks, withdrawal from the Tokyo Motor Show, restrictions on travelfor management and so on. Later it became public knowledge
Yokohama, Itochu Launch JV Tire Biz in Russia
Yokohama Rubber Co. has partnered with Itochu Corp. to create a tire manufacturing and sales company in Russia.
Track-Inspired: Racing Programs Help Dealers Make Real-World Recommendations
How many of us have heard how products designed for the street were developed on a race track? Manyof the claims such as this are not much more than marketing hype. Forthe tire industry though, we can truly say that our products translatedirectly from the raceway to the highway. I recently had anopportunity to drive
Titan Sees Sales, Profits Fall
Titan International posted first half 209 sales of $439.6 million, down from $522.6 million posted for the same period last year.
Make the Best Use of Tire Storage Racks
Youmay not know this, but our industry is moving close to reaching the100,000-range of parts and tires being stocked on a regular basis, afact of life that will increase annually. The issue facing every tiredealer is how to store these products for quick access and safety fromdamage. If you’re a tire dealer with the need