Wegmann Launches Perfect Equipment Weights in Europe
Wegmann Automotive took the opportunity presented by the recent Autopromotec to launch its Perfect Equipment brand into European markets.
New Cooper Europe MD Brings Renewed Focus
At the start of 2013, Jeff Schumaker took over as managing director of Cooper Tire Europe, moving to the company’s Melksham headquarters in order to take up the role.
Bridgestone Exec Details Russia Tire Plant Plans
Following Bridgestone’s announcement to build its first tire plant in Russia, Yoshiaki Hiraishi, general director of Bridgestone Tire Manufacturing C.I.S., offered more details.
Mitas Extends Ag Tire Supply Deal With AGCO
Agricultural machinery maker AGCO has signed a four-year agreement with Mitas to supply Continental- and Mitas-branded farm tires to Fendt, Massey Ferguson, Valtra, Challenger and Laverda brand tractors and combines for its plants in Germany, Finland, France and Italy starting this year. "This is an extension of an existing agreement," said Andrew Mabin, Mitas’ marketing
Hankook Invests in Hungary Plant Expansion
Hankook Tire and the Hungarian government have announced details of further investment in the tiremaker’s European production facility, located south of Budapest.
Firestone Liberia Signs New Labor Contract
The management and employees of Firestone Liberia signed a new three-year collective bargaining agreement aimed at "increasing productivity and promoting working relationship between the management and employees of the company," reported allafrica.com. While specifics of the agreement were not released, Emundo Garcia, president and general manager of Firestone Liberia, said the contract provides stability of
Goodyear: No Viable Offers for Amiens Tire Plant
Goodyear Dunlop France, the French subsidiary of Goodyear Tire & Rubber Co., has received "no viable offers" for its tire factory in Amiens, according to reports, which added the French government has called on the company to take "exemplary" measures to accompany the plant’s 1,713 employees if a closure becomes inevitable. Goodyear said three tiremakers
Apollo Hires Paracciani as Chief Marketing Officer
Apollo Tyres has appointed Marco Paracciani as its chief marketing officer. He will be based out of London and report to vice chairman and managing director Neeraj Kanwar.
JK Tyre Investing in India, Mexico Plant Expansions
JK Tyre & Industries Ltd. announced plans to invest more than Rs 800 crore to double the annual capacity of its Chennai, India, manufacturing facility over the next two years to roughly 5 million tires. JK Tyre, which produces radial tires for various types of vehicles including trucks, buses and passenger cars, already has invested
Sumitomo Acquires Assets of Apollo Tyres South Africa
Sumitomo Rubber Industries (SRI) has acquired Apollo Tyres South Africa (ATSA), including the Ladysmith passenger tire plant and rights to the Dunlop brand, in a $60 million deal. Apollo will retain the Durban plant, which manufactures truck and bus radial tires and off-highway tires used in the mining and construction industries. “This partnership with SRI
Hankook Worldwide Formally Takes Hankook Tire Subsidiary
Seoul-based Korea Industry & Technology Times reports that Hankook Tire’s holding company, Hankook Tire Worldwide, will increase its capital by issuing capital stock for noncash assets. This is being done in order to make Hankook Tire Co. its full subsidiary, the journal explained. Through the capital increase, Hankook Tire chairman Cho Yang-Rai and his family
Familiar Face Brought Back to Michelin Board
At the May 17 Groupe Michelin annual shareholders meeting in Clermont-Ferrand, France, a familiar name popped back up. The meeting, chaired by managing general partner and CEO Jean-Dominique Senard, also saw the approval of several new Supervisory Board members following a decision to amend Michelin’s bylaws concerning member duration in order to stagger the terms.