New Components Add to Titan’s Sales Lines
(Akron/Tire Review) Titan International reported 2006 sales of $679.5 million, up 45% from 2005’s sales of $470.1 million.
Titan Boosting Ag, Small OTR Prices
(Akron/Tire Review) Titan Tire Corp. will increase prices on its replacement market agriculture and small OTR tires as of Apr. 1.
Retreaders Have to Adjust Service and Product Portfolio
(Staffordshire, U.K./Tyres & Accessories) The new tyre industry’s continued push into international and national fleet business (and, thus, into the retreading business) will very likely lead to an increased market polarisation between these companies and independent players participating in this market.
Baekert Posts Increases in Sales, Earnings
(Staffordshire, U.K./Tyres & Accessories) Bakaert has announced its 2006 fourth quarter trading figures, which reveal that the Belgian company achieved consolidated sales of US$2.0 billion during the 2006 year and combined sales of $3.2 billion, respective increases of 5% and 4%.
Conti Ready to Flash the Cash
(Staffordshire, U.K./Tyres & Accessories) German tyre and automotive systems major Continental AG has said they would prefer to deal in cash during the potential takeover of Siemens AG’s VDO unit or Goodyear Tire and Rubber Co.’s engineered products division, according to the company’s chief financial officer Allan Hippe.
U.S. Tyre Shipments Decline
(Staffordshire, U.K./Tyres & Accessories) U.S. replacement tyre shipments declined 4.9 per cent in January, despite being down 4.4 per cent in January 2005.
Tiremakers Appear in Court to Contest TPMS Regs
(Akron/Tire Review) Representatives from four U.S. tiremakers, the Tire Industry Association (TIA) and consumer group Public Citizen appeared today in front of a three-judge panel of the U.S. Court of Appeals for the District of Columbia to challenge NHTSA’s tire pressure monitoring system (TPMS) regulations.
Tyre Company CEOs Endorse Global Environmental Research Programme
(Staffordshire, U.K./Tyres & Accessories) The chief executives from leading tyre companies in North America, Japan, Korea and Europe met on 9th February in Los Angeles to review progress and set a forward-looking agenda for their global research program dealing with potential environmental and health impacts of their products.
Kumho Adds to Sales Force
(Akron/Tire Review) Kumho Tire USA Inc. added two new sales managers to its U.S. sales force.
N.C. School Buses Rode on Mislabeled Retreads, Reports Say
(Akron/Tire Review) Goodyear has issued a warning to various school officials in North Carolina that certain retreaded tires used on school buses there may have incorrect inflation information molded into the sidewall.