Toyo Considering U.S. Production Expansion
Toyo Tire & Rubber Co. is considering expanding its U.S. tire production into new markets, according to a Bloomberg report. The demand for products with higher profit margins, such as SUV and light truck tires, is where the company sees growth in the U.S., Toyo said. "There’s no country like the U.S.," Toyo President Akira
Apollo Investors Call for Cooper Rethink
Regarding the recent Apollo-Cooper deal, investors believe Apollo is “over-paying” for synergies that will be difficult to achieve, and consider the drop in share price reflective of the “value-destructive” acquisition deal.
NR Sustainability Key Point of Discussion at IRRDB IRC 2013
For the first time in 20 years, the U.K. hosted the International Rubber Research and Development Board’s International Rubber Conference.
Sumitomo Plans 100% Fossil Fuel-Free Tire in 2013
Two papers delivered at the end of the tire-based segment of the International Rubber Research and Development Board’s International Rubber Conference 2013 focused on rubber technologies helping to create the next wave of green tires.
11th CITExpo to Be Biggest Event Yet, Organizer Says
The China International Tire Expo will be held at Shanghai Everbright Convention and Exhibition Center in Shanghai from Sept. 4-6. According to Wilko Fong, managing director of Reliable International Exhibition Services Co., CITExpo 2013 will feature more than 320 exhibitors occupying 220,000-square-feet of trade show space over three halls at the Shanghai Everbright Convention and
Triangle Holds Annual Global Summit
The theme of globalization loomed large over Chinese tire manufacturer Triangle’s latest Global Business Summit, held at Shanghai’s Shangri-La Hotel.
Continental Expands European TBR Production
Continental announced plans to expand the annual production capacity of its truck and bus tire plant in Puchov, Slovakia, from about 2.6 million tires to more than 3 million tires in coming years, with an investment of 100 million euros. The exact timing of the capacity increase and investment will depend on the market development
Commission to Examine Goodyear Amiens Closure
France’s National Assembly has voted to create a commission of enquiry into the closure of Goodyear’s Amiens Nord factory. According to French daily Le Figaro, the lower house vote was supported by members from the socialist and green parties and the commission will examine the "economic and financial" causes of the proposed plant closure and
Kenda Increasing Global Tire Production Capacity
Kenda Rubber Industrial Co. reported it is increasing its global production capacity for passenger car tires by 50%, to 38,000 units a day by the end of 2013, in order to meet rising market demand. Kenda plans to raise its capacity in Taiwan by 4,000 units a day. The company’s new plant in Tianjin, China,
Yokohama Adds 49-Inch Construction, Mining Radial
The Yokohama Rubber Co. has released a large-size radial tire for rigid dump trucks in the construction and mining field – a 27.00R49 size model of its RB42. The tire has a U.S. Tire and Rim Association code of E-4 and a two-star rating for tire strength, according to Yokohama, which added the lineup features
Giti Tire Appoints Former Michelin Director as German Head
Giti Tire has appointed former Michelin director Rainer Harter as general manager with lead responsibility for German, Austrian and Swiss markets. He is tasked with developing passenger car business following the manufacturer’s structured retail approach across its GT Radial, Primewell and Runway brands, along with building truck and bus business in the mid-range segment with
Electric Vehicle Project to Drive Battery Revenues
According to GlobalData, the successful commercialization and increased adoption of hybrid electric vehicles (HEV) and battery electric vehicles (BEV) will spark dramatic growth in the global advanced battery market in the near future. The company’s latest report forecasts global advanced battery market revenue to surge from $19.9 billion in 2012 to a massive $60.5 billion