Giti Breaks Into Top 10 Leading Tiremakers
Changes At The Top This year’s annual tire manufacturer ranking have brought with them a number of key changes at the top of the table. The growth of Far Eastern manufacturers and Chinese companies in particular has long been observed, but 2014 sees Singapore-based Giti Tire break into the top 10 and Taiwan-based Maxxis/Cheng Shin
Michelin to Buy Telematics Company for $602 Million
Michelin plans to buy Brazilian digital truck fleet management and freight security company Sascar for $602 million dollars. This move will allow the tiremaker to tap into strong growth in the independent trucker industry in Brazil, Michelin said. The French company will take on 247 million reais in debt for Sascar, a Sao Paulo-based company.
Michelin Tweel Technology Wins Leadership Award
Michelin North America Inc. received a Manufacturing Leadership Award in the Product Leadership category at the 2014 Manufacturing Leadership Awards for the Michelin X Tweel SSL. The non-pneumatic tire is currently being sold in the commercial marketplace for use on skid vehicles used in the construction, landscape, contracting, refuse/recycling and agricultural industries. The award was
Former Michelin Exec Named Local Development Chairman
Former Michelin North America Chairman and President Richard Wilkerson has been named chairman of the Greenville Area Development Corp. The county-chartered economic development organization named Wilkerson and three other leaders in the area as officers of its 2014-2015 board. Wilkerson succeeds Bob Howard, of Greenville Tech Foundation, as chairman and president. Wilkerson held numerous leadership
Michelin Plans Distribution Complex in Illinois
Michelin North America entered into a built-to-suit agreement in which the tire manufacturer will lease 1.7 million sq. feet of distribution space to be constructed at the Ridgeport Logistics Center in Wilmington, Ill., according to local reports. Ridgeport, a 1,500-acre, rail-served intermodal park, has room for 14 million sq. feet of industrial warehousing and logistics