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Latest News
Sunday, July 20, 2008
Union strikes Kumho
SEOUL, South Korea (July 17, 2008) - Union members at Kumho Tire Co. Ltd. in South Korea went on strike July 8 in protest of management plans to lay off 431 workers.
Goodyear plans big investment
NEW YORK (July 17, 2008) — Goodyear, emboldened by its business turnaround over the last five years, plans to spend as much as $1.8 billion to modernize its plants, cut production costs and boost its share in emerging markets.
Commerce Dept. rules against Chinese OTR tires
WASHINGTON (July 17, 2008) — The U.S. Department of Commerce has issued its final determination, confirming the dumping and countervailing subsidies levied on imported off-the-road tires from China.
Pirelli concludes buyback of Pirelli Tyre shares
MILAN (July 17, 2008) — Pirelli & C. S.p.A. has repurchased the shares of Pirelli Tyre S.p.A. it sold two years ago.
Click here for more infoGoodyear-union talks go slowly in France
AMIENS, France (July 17, 2008) – Negotiations are progressing slowly between unions and Goodyear over an agreement that will require workers at an Amiens plant to work longer hours in exchange for job security and investment at the site.
Bridgestone expands French tire plant
BETHUNE, France (July 17, 2008) -- Bridgestone Europe N.V./S.A. has completed a $50 million expansion at its Bethune, France, passenger tire plant, adding capacity for 1,000 high-performance tires a day.
Conti raising prices in Europe
HANOVER, Germany (July 17, 2008) – Continental A.G. said it is raising light truck tire prices in Europe by 5 percent as of Oct. 1.
Conti board rejects Schaeffler offer
HANOVER, Germany (July 16, 2008) – Continental A.G.’s executive board has rejected a takeover offer by Schaeffler Group, which has acquired more than 30 percent of Conti’s stock.
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Matthias Schoenberg (left), CEO of Continental Tire North America Inc., and Hank Eisenga, vice president of manufacturing, hold a news conference to announce a new $60 million investment in the firm´s Mount Vernon, Ill., tire plant. RPN photo by Bruce Meyer
Conti to invest millions in Mount Vernon
MOUNT VERNON, Ill.—Continental Tire North America Inc. said it will spend more than $60 million to expand its passenger and light truck tire and its commercial vehicle tire operations at its Mount Vernon plant over the next three years. |
Maurizio Boiocchi
Pirelli exec first to win ITEC technology medal
AKRON—Maurizio Boiocchi, Pirelli Tyre S.p.A scientist known for his work in developing the first tire containing nylon zero degree overlay, has won the first ITEC Distinguished Technology Achievement Medal. |
Michelin is investing $90 million at its two tire plants in South Carolina.
Michelin tags $90 million for upgrades at S.C. sites
GREENVILLE, S.C.—Michelin North America Inc. is investing $90 million to upgrade equipment and expand production capacity at its two tire plants in Lexington, S.C. |
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