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Double-digit earnings drop may prompt changes at Titan
QUINCY, Ill.— Titan International Inc. suffered double-digit drops in earnings in the quarter that ended March 31 on 6.8 percent lower sales, prompting management to put its workforce on notice that it will be “adjusting employment levels” in the second quarter.
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Sumitomo inaugurates AG tire plant in Thailand
AMATA CITY, Thailand—Sumitomo Rubber Industries Ltd. has inaugurated production of radial agricultural tires at its newest factory, the $126 million dedicated plant in Amata City in Thailand's Rayong Province.
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Bellofram Silicones to expand West Va. facility
ORLANDO, Fla.—Bellofram Silicones Inc. is expanding its only facility in North America by 40,000 square feet and released a new product to the market in March.
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Gates' sale to equity firm set to close in third quarter
DENVER—The company holding the reigns of Gates Corp. once again will change. In the second blockbuster acquisition within the rubber industry in 2014, Blackstone Group L.P., a private equity funds firm, agreed to buy Pinafore Holdings B.V., the Tomkins P.L.C. holding entity that oversees Gates, for an estimated $5.4 billion.
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Yokohama will merge two U.S. subsidiaries
VERSAILLES, Ky.—The Yokohama Rubber Co. Ltd. will merge YH America Inc. and SAS Rubber Co., its two U.S. industrial product manufacturing and sales subsidiaries, into Yokohama Industries Americas Inc.
Latest News
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Pekle to take on new role with Michelin
Apr 24, 2014GREENVILLE, S.C.—Guy Pekle, president and CEO of Tire Centers L.L.C. since 2010, will transition to a new role with TCi parent company Michelin, effective Sept. 1, and will move back to France.
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Orion Engineered Carbons files paperwork for IPO
Apr 24, 2014FRANKFURT, Germany—Orion Engineered Carbons Holdings GmbH submitted a filing with the Securities and Exchange Commission to raise up to $300 million in an initial public offering with the intent to list on the New York Stock Exchange.
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Michelin reports drop in sales revenue in first quarter
Apr 24, 2014PARIS—Michelin reported a 2.4 percent drop in sales revenue in its fiscal 2014 first quarter despite a 3.4 percent increase in sales volume, the company reported on April 24.
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IISRP elects Japan Steel as new affiliate member
Apr 24, 2014HOUSTON—The International Institute of Synthetic Rubber Producers Inc. has elected Japan Steel Works Ltd. as its most recent affiliate member.
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Dow Chemical reports first quarter growth
Apr 24, 2014MIDLAND, Mich.—The Dow Chemical Co. reported an increase in net income and sales for the first quarter of 2014.
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Carlisle Companies sales increase in first quarter
Apr 24, 2014CHARLOTTE, N.C.—Carlisle Companies Inc. reported sales of $650.4 million in the first quarter 2014, up from $629.6 million in 2013, a 3.3 percent increase.
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Kenda focuses on expanding R&D in Akron, Taiwan
Apr 24, 2014AKRON—American Kenda Rubber Industrial Co. Ltd. plans to expand and develop research and development centers in Akron and Taiwan, which the firm said will assist with testing and product development across all categories.
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Showa pleads guilty to price fixing
Apr 23, 2014WASHINGTON—Showa Corp., an automotive parts manufacturer headquartered in Saitama, Japan, has agreed to plead guilty to price fixing and will pay a $19.9 million fine, according to the U.S. Department of Justice.
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Federal-Mogul reports increased sales for first quarter
Apr 23, 2014SOUTHFIELD, Mich.—Federal-Mogul Holdings Corp. reported a 7 percent increase in sales to $1.8 billion for the first quarter of 2014.
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New Balance campaigns for U.S. made running shoes
Apr 23, 2014BOSTON—The U.S. Department of Defense is considering a protocol overhaul of domestic footwear manufacturers for the supply of running shoes to its service personnel.
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In Print
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Experts will speak at silicone conference
Apr 21, 2014Experts will speak at silicone conference FAIRLAWN, Ohio—A wide variety of speakers from around the world will be making presentations at the International Silicone Conference, to be held May 20-21 at the Hilton Akron in Fairlawn. The speakers will cover topics that range from regulatory...
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Honda issues recall for Civics
Apr 21, 2014WASHINGTON—American Honda Motor Co. Inc. is voluntarily recalling 9,817 2014 Honda Civic LX cars to inspect the original equipment tires for possible tears in the bead area, the auto maker announced. All tires with torn beads will be replaced free of charge, American Honda said in a March 29 ...
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Obituaries
Apr 21, 2014Jerry Lee Jackson DYERSBURG, Tenn.—Jerry Lee Jackson, a former vice president at Colonial Rubber Works Inc. in Dyersburg, died on April 4 after a four-month battle with acute myeloid leukemia. He was 74. Jackson was active in the ACS Rubber Division and was a chairman and life member of...
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PDM acquires package unit
Apr 21, 2014BRIGHTON, Mich.—Package Design & Manufacturing Inc. has acquired the packaging business of Prime Industries Inc. for an undisclosed amount. A molder of urethane packaging, the purchased business is based in Lorain, Ohio, where Prime Industries is headquartered. PDM said it will...
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