What Should be Done With Washington Tire? - Tire Review Magazine

What Should be Done With Washington Tire?

nd 63" tires have created a ZERO failure history since early 2007, and most of Colorado 63" tires normally perform 8 ~ 12 months based on 24-7 operations. The newly improved Colorado brand 57" tires are able to perform same as its 63" tires.

In addition, ATC is planning to purchase larger piece of land with 1,000 acres later this year for its further expansion in west USA.

With the objective to become the largest and best manufacturer for 63" and 57" tires, American Tire Corporation is a well-established OTR tire manufacturer which has a number of operations in different US states and other countries. ATC has created several "firsts" in the OTR tire industry.


American Tire Corporation finalizes its Washington manufacturing plant

Chino, California – Thursday, January 31, 2008 – American Tire Corporation (ATC) has finalized the development plan for its Washington radial tire manufacturing facility to expand its U.S. operations and commitment to developing and implementing an aggressive growth strategy in the OTR tire business. 

The new Washington facility will consist of seven (7) manufacturing plants, two huge warehouses, one multi-function distribution center, and one research and training building. It will occupy a land of 130 acres. 

ATC will build the most advanced tire-building machines and vulcanizing machines onsite. Meanwhile, all related equipments, construction, and raw materials are to be procured by way of international competitive bidding in the first half of 2008. Any tire qualified equipment manufacturers, raw material manufacturers and construction companies are encouraged to make offers from February 1 through March 31, 2008. 

With a total investment of US$500,000,000 by the end of 2009, this new Washington facility will reach its full capacity of 50,000 giant radial OTR tires, which includes 24,000 units of all sizes of 63” tires, per year. Aiming to become the largest and best manufacturer for 63” and 57" tires, American Tire Corporation is a well-established OTR tire manufacturer which has created a few FIRST in the OTR tire industry.

American Tire Corporation Launches Large Facility in California
 
ATC-made Colorado brand OTR tires are becoming more and more popular — not only in North America, but also in other continents on the earth. In order to further support such a market expansion, American Tire Corporation launches large facility in California which will not affect its Washington project as proposed before.
 
Chino, California – June 16, 2008 – American Tire Corporation has launched a large facility with a total space of 800,000 square feet in California.
 
With the global expansion of Colorado OTR tires, this large facility has been running since April 2008, and will be able to support hundreds of mining users in different countries. ATC’s preparations for its Washington project and a number of regional operations are under going according to normal procedures.
 
Meanwhile, ATC has noticed that some big competitors headquartered in Asia and Europe are trying to acquire ATC’s business secrets in addition to discredit ATC worldwide. ATC will keep its eyes open against such illegal activities, and also reserve its rights to take proper actions against such illegal deeds globally.
 
With the objective to become the largest and best manufacturer for 63" and 57" tires, American Tire Corporation is a well-established OTR tire manufacturer which has a number of operations in different US states and other countries. ATC has created several "firsts" in the OTR tire industry.

American Tire Corporation Refused an Offer for Acquisition

American Tire Corporation (ATC) has just refused an offer for entire acquisition of it made by a multi-billion U.S. company.

Chino, CA (PRWEB) February 6, 2008 — American Tire Corporation (ATC) has just refused an offer for entire acquisition of it.

ATC received a letter of intent, which was sent by a broker in East USA last week, from a multi-billion U.S. company for acquiring ATC. This letter of intent clearly expresses the investor’s strong interest in ATC and its OTR tire business, in addition to its new project in Washington. Also, a big offer for entire acquisition of ATC is included.

Although this offer makes sense for both the investor and ATC from the point of view of investment, it is finally refused because it is conflict with ATC’s current strategy of development.

"It is important to make money as the return of an investment," Dr. Hengyucius, ATC President, said, "but more important for us is that we are able to enjoy the success when we directly contribute to not only the U.S. economy, but also the global community, by producing sufficient quality OTR tires for mining and construction industries worldwide. It is our pleasure to have the opportunity to work for our global village."

Dr. Hengyucius added, "We welcome outside investments all the time, but such investments shall be kept in a reasonable percentage. It is not the best choice for us to sell our business."

Aiming to become the largest and best manufacturer for 63" and 57" tires, American Tire Corporation is a well-established and rapidly-growing OTR tire manufacturer which has created a few FIRST in the OTR tire industry. It has just finalized its plans for it Washington manufacturing facility.

American Tire Corporation to Buy Gold and Copper Mines

 
Many gold and copper mines operate dump trucks with 57" and 63" giant OTR tires which are American Tire Corporation’s primary product to supply. American Tire Corporation is going to combine mining and tire production together to further its business in USA.
 
Chino, California – Monday, June 2, 2008 – American Tire Corporation (ATC) is pleased to announce that it has interest in purchasing some large gold and copper mines located in USA.
 
ATC produces all sizes of OTR tires with competitive quality for mining operations globally. In order to further expand the business, ATC decides to enter into the operation of mining industry. According to the plan, ATC will not only run some gold and copper mines, but will also satisfy whatever OTR tire needs from all ATC-purchased mines to maximize the capacity of mining production.
 
If any owner is willing to transfer the possession of whatever large gold or copper mine in USA, please feel free to send a detailed proposal with price to the following:
 
American Tire Corporation
Attn: Mining Department
P.O. Box 518
Chino, CA 91708
USA

With the objective to become the largest and best manufacturer for 63" and 57" tires, American Tire Corporation is a well-established OTR tire manufacturer which has had several "firsts" in the OTR tire industry.  

American Tire Corporation to Start Washington Operations

American Tire Corporation has established dozens of operations in different states and countries. Its Washington operations will be finally developed to the largest giant OTR tire manufacturing base in the world.

Chino, California July 28, 2008 — American Tire Corporation (ATC) is pleased to announce that its Washington operations will start in August 2008.

ATC’s staff recruiting is undergoing in Washington. A 500,000 square feet facility for the 1st phase is almost done. Manufacturing equipments will be moved to its new facilities step by step. Production will begin as soon as everything is ready but not in August.

The Washington facilities will primarily produce Colorado brand 63" and 57" tires. According to the record of mining operations, ATC’s Colorado brand 63" tires have created a ZERO failure history since early 2007, and most of Colorado 63" tires normally perform 8 ~ 12 months based on 24-7 operations. The newly improved Colorado brand 57" tires are able to perform same as its 63" tires.
In addition, ATC is planning to purchase larger piece of land with 1,000 acres later this year for its further expansion in west USA.

With the objective to become the largest and best manufacturer for 63" and 57" tires, American Tire Corporation is a well-established OTR tire manufacturer which has a number of operations in different US states and other countries. ATC has created several "firsts" in the OTR tire industry.

Federal Government Approves ATC’s Washington Tire Project

American Tire Corporation’s new OTR tire manufacturing facility in Washington State was successfully approved by Federal Government. This manufacturing project is now moving forward steadily.

Chino, California – Thursday, February 19, 2009 – American Tire Corporation (ATC) is pleased to announce that its investment in the State of Washington for a new OTR tire manufacturing plant with building and production details has been approved by the federal government of the United States.

ATC has noticed the current financial crisis existing in USA and many other countries. Also, ATC’s competitors in USA are laying off thousands of tire workers and reducing their production. Some high-cost U.S. tire plants were closed or will be closed early this year.

However, such international economic problems have no negative impacts on ATC’s Washington Project.

On the contrary, as a positive response to President Obama’s plan to stimulate the domestic economy, ATC plans to increase its investment into the Washington Project and create more full time jobs up to 2,000 in the local community. ATC is likely to announce its job schedules late this month.

As a government-supported OTR tire manufacturer with operations in different US states and other countries, ATC’s Washington Project is designed to produce 50,000 units of high-TKPH 63" and 57" all steel radial OTR tires per year. For more information, please check its website www.americantire.us.

Rival tire company takes aim at Goodyear

American Tire Corp. says it has offered to buy portion of Goodyear

By Michael Hooper
Topeka Capital-Journal
Published Tuesday, April 22, 2008

American Tire Corp. claimed Monday that it has offered to acquire Goodyear Tire & Rubber Co.’s off-the-road tire plant in Topeka.

In a letter to Goodyear Tire & Rubber Co., dated April 21, American Tire Corp. said it wants to acquire Goodyear’s OTR tire plant in Topeka "at any reasonable price."
 
American Tire, of Chino, Calif., said it would spend an additional $200 million to modernize the Topeka plant.

"Based on a successful acquisition, ATC is going to spend $200 million to modernize this tire plant, increase at least 20 percent production capacity for all sizes of OTR tires, and create more job opportunities with a better annual pay in the state of Kansas," American Tire’s news release said.

But Goodyear officials said Monday they hadn’t received any formal offer from American Tire.

"We have not received any communication from American Tire Corporation and, thus, have no comment on the news release," said Ed Markey, spokesman for Goodyear. "We are very pleased with the performance of our OTR business and continue to see opportunities for Goodyear in this business. We have not announced plans, or an intention, to sell any part of this business."

When The Topeka Capital-Journal called American Tire’s public relations department, Abraham Hengyucius, American Tire president, answered the telephone.

"We are expanding business rapidly. This is part of our expansion," Hengyucius told The Capital-Journal. "We only do OTR business. Goodyear has some financial problems. We are interested in taking over the business from Goodyear."

Goodyear’s balance sheet on Dec. 31, 2007, showed $3.4 billion in cash and $4.7 billion in debt.

Hengyucius said American Tire, a privately owned company founded five or six years ago, sells OTR tires wholesale worldwide.

American Tire’s Web site says the company is a major OTR tire manufacturer for mining, construction and port handling industries worldwide. The company claims it has "annual capacity for 50,000 giant OTR tires."

Hengyucius claimed the company was building a $500 million production plant in Washington state, but he declined to name the town.

In addition to OTR tires, the Topeka Goodyear plant also produces truck radial tires.

The Topeka plant employs about 1,600 people.

So, WSMWD?

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