Infinity Tyres Foundation Supports Mothers2Mothers
Infinity Tyres Foundation will provide support to the South African organization Mothers2Mothers.
Conti to Invest in Technology at German Site
Several million will be invested in Continental’s Korbach factory in Germany by 2018, the tiremaker reported on Sept. 30.
Bridgestone will Avoid Complete Italian Plant Closure
Bridgestone Corp. has reached an agreement that will avoid the closure of its Italian plant. The Italian government has urged Bridgestone for months to not close the passenger tire plant at Modugno. The plant employs roughly 950 individuals. Under the deal, signed with the unions and local authorities, Bridgestone will only transfer some of the
Michelin Sets-Up $435 Million Partnership Deal to Build Synthetic Rubber Plant
Michelin has reached a deal with a subsidiary of Jakarta-listed PT Chandra Asri Petrochemical to build a $435 million synthetic rubber plant. The two have signed an agreement to establish a joint venture that would be 55% owned by Michelin and 45% by Chandra Asri’s wholly owned subsidiary, PT Petrokimia Butadiene Indonesia (PBI). Construction of
Pirelli Remains F1 Only Tire Supplier
During a meeting of the FIA World Motor Sport Council today in Dubrovnik, Croatia, confirmation of Pirelli’s continuation as Formula One tire supplier made public. This announcement was made as the agreement reached by the FIA and the Formula 1 Group in July, setting out the framework for implementation of the Concorde Agreement for the
Eleventh CITExpo Called a Success
The 11th annual China International Tire Expo (CITExpo) earlier this September had more than 7,000 visitors from around the globe at the Shanghai Everbright Convention & Exhibition Center.
RTA’s Brodsky to Speak at Chilean Retread Group
Harvey Brodsky, managing director of the Retread Tire Association, is the featured speaker at the first seminar for the Chilean Association of Retreading and Renewing of Tires (ARNEC). The seminar, “Towards to a Tire Retreading Industry Safe and Sustainable,” will take place in Santiago, Chile on Oct. 8. In addition to Brodsky’s speech the conference
Borgo Named Pirelli’s First General Manager Operations
A new management role, general manager operations, has been created at Pirelli, and Gregorio Borgo has been appointed the first incumbent. Borgo, currently head of Pirelli’s Asia-Pacific region, will report directly to company chairman and chief executive officer Marco Tronchetti Provera in his new position. The tweaking of Pirelli’s management structure and creation of the
Continental AG Extends CEO’s Contract
Continental AG has extended the contract of Elmar Degenhart, the company’s CEO, for an additional five years.
Cooper Tire Expands to Moscow
Cooper Tire & Rubber Co. recently announced the creation of a sales office in Moscow, Russia. “Russia holds great opportunity as Cooper continues to build our customer base throughout the region,” said Jeff Schumaker, managing director for Cooper Tire Europe. “With the acquisition of the Cooper Serbia production facility in Krusevac, Serbia, which began operating
Sumitomo Breaks Ground at New Factory in Turkey
Sumitomo Rubber Industries hosted the groundbreaking ceremony for its first tire factory in Turkey on Sept. 18. The factory, Sumitomo Rubber AKO Lastik Sanayi ve Ticaret A.S. (SAT), will be located in the country’s Cankiri Province. The plant represents an investment of $500 million. Once completed, the factory will cover 1,000,000 square meters, and by
Request to Move Cooper Case to Hong Kong Rejected
The request to relocate the legal dispute between Cooper Tire & Rubber Co. and its China partner to Hong Kong has been rejected by a Chinese court, according to Bloomberg. In July, Chengshan Group sought the dissolution of its venture with Cooper claiming the acquisition of Cooper by Apollo Tyres would “undermine” the Chinese operation.