Michelin’s Future Productivity Gains Will Be ‘Huge’
(Staffordshire, U.K./Tyres & Accessories) Analysts are predicting huge productivity gains after Michelin announced the restructuring of its Japanese plant, involving the lay-off of 550 people (following Canada, Nigeria and France last year).
New Ad Campaign for General Unveiled
(Akron/Tire Review) Continental Tire North America has launched a new set of ads to support its General brand, these featuring the tagline “The Tire Choice Of…”
Conti Unit Consolidating Detroit Operations
(Akron/Tire Review) Continental AG’s Continental Automotive Systems reportedly will consolidate its North American headquarters, the result of last year’s $1 billion acquisition of Motorola Inc.
Casalbore Leaves Conti
(Akron/Tire Review) Continental Tire North America is looking for a new sales director.
EU Approves Majority Conti Holding in Matador
(Staffordshire, U.K./Tyres & Accessories) The EU Commission has given Continental AG the go-ahead for its acquisition of a majority holding in the Matador Group’s tyre, conveyor belt and rubber machinery operations, paving the way for the acquisition to be carried out once the spin-off of the Matador Rubber Group has been completed.
Vietnamese, Indian Tyremakers Sign Supply Agreement
(Staffordshire, U.K./Tyres & Accessories) Vietnam’s Southern Rubber Industry Joint Stock Company, which trades under the name Casumina, has signed a cooperation contract with India’s JK Tyre and Industries Ltd. to export truck tyres and tubes.
Tatneft and Conti Sign Tyre Technology Deal
(Staffordshire, U.K./Tyres & Accessories) Russian tyremaker Tatneft has reportedly signed a deal with Continental AG for the purchase of metal cord tyre manufacturing technologies for its Nizhnekamskshina operations.
Conti Plans HQ Move
(Akron/Tire Review) The Charlotte Business Journal has reported that Continental Tire North America Inc. plans to move its headquarters from Charlotte to a business park in nearby Lancaster County, N.C.
Conti’s Testing Facility Turns 40
(Staffordshire, U.K./Tyres & Accessories) Continental AG has marked the 40th anniversary of the opening of its main test track in northern Germany.
Matador Q1 Earnings up 18%
(Staffordshire, U.K./Tyres & Accessories) During the period between Jan. 1 and Mar. 31, the Matador group reported earnings of SKK 4.54 billion (≤90.6 million), an 18% increase on the same period in 2006.