Nokian Tyres Integrates Heavy Tires and Truck Tires
Nokian Tyres will integrate heavy tire and truck tire profit centers and form a new commercial tire profit center as of Jan. 1, 2014. The combined net sales of the two profit centers were approximately EUR 150 million in 2012 and they employ about 280 people in Nokia, Finland. The integration of the profit centers
Overseas Purchases, Plant on JK Tyre Agenda
Could JK Tyre & Industries be the next Indian tiremaker to broaden its geographic footprint? Speaking with The Economic Times, company Chairman and Managing Director Dr. Raghupati Singhania said that following the integration of Mexican tire maker Tornel into the company, JK Tyres has “encountered some interesting propositions for possible opportunities of acquisition to catapult
Giti Tire Creates New North American and European Technical Centers
Giti Tire has established two new technical centers, one in North America and one in Europe. The move marks a significant step in the research and development capabilities of the company, with both sites working in collaboration with existing facilities in China, Indonesia and the UK, the latter of which is based at the renowned
New Falken TBR and Robotic Production Coming from SRI
In an exclusive interview Sumitomo Rubber Industries senior executive officer Yasutaka Ii revealed the tiremaker’s plans to expand its Falken brand truck radial offering.
RTA’s Brodsky to Speak at South American Trucking Conference
Retread Tire Association’s managing director Harvey Brodsky will speak at a large trucking conference in Cartagena, Colombia on Oct 3. His presentation, which will be translated into Spanish while he’s speaking, will discuss why truckers should use top quality retreads to both help the environment and save money. Brodsky’s presentation at the conference is sponsored
Chinese Company to Cooperate in ITC Patent Investigation
A Chinese tire company, Shandong Linglong Tyre Co., said it will actively cooperate with the U.S. International Trade Commission’s investigation of patent infringement.
Hankook Opens Production Plant in Indonesia
Hankook Tire Co. opened a global plant recenlty in Lippo Cikarang, Bekasi, West Java.
Schaeffler Selling 4% of Continental AG
Schaeffler Group, a German auto parts maker, will sell a 4% share of Continental AG, according to Reuters. Schaeffler will be taking advantage of a more than 22-year high share price, 126.95 euros, to help pay off its debts. The company announced Monday it will place 8 million shares, worth roughly 1 billion euros, with
Schaeffler Won’t Extend CEO’s Contract: Report
Schaeffler, a German auto parts maker, will not extend the contract its CEO Juergen Geissinger, according Manager Magazine Online. Owner Maria-Elisabeth Schaeffler said Geissinger was "no man for the future" because of his authoritarian management style, the website reported. Geissinger’s current contract lasts until the end of 2014 and discussions on whether it should be
Hankook Building Testing Center in South Korea
Hankook Tire Co. is investing in R&D with plans to build the Hankook Tire Test Engineering Center, in Sangju City, South Korea. The tiremaker plans to invest $240 million until 2020 for the construction of this new facility. Representatives for Hankook have already signed an agreement with city of Sangju City. Once completed, the new
Coulthard Made a Cooper Brand Ambassador
Cooper Tire Europe announced that it has recruited David Coulthard as its UHP range brand ambassador.
Kumho Expand Vietnam Tire Production
South Korea ’s Kumho Asiana Group, the parent company for Kumho Tire Co., will invest an additional $100 million in its tire manufacturing plant in Vietnam. The investment will fund expansions to the tire plant in the southern province of Binh Duong, increasing its annual capacity from 3.15 million to 5 million units, according to