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Under 40: Rubber industry full of young, promising talent
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There's no denying that the rubber industry needs to attract more young, qualified people. But look closely and you'll find plenty already embracing what it has to offer. That's what the...
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There's no denying that the rubber industry needs to attract more young, qualified people. But look closely and you'll find plenty already embracing what it has to offer. Throughout the next two weeks, we'll introduce you to 28 of those up-and-comers with our Under 40 project. There's no denying that the rubber industry needs to attract more young, qualified people. But look closely and you'll find plenty already embracing what it has to offer. Throughout the next two weeks, we'll introduce you to 28 of those up-and-comers with our Under 40 project. $There's no denying that the rubber industry needs to attract more young, qualified people. But look closely and you'll find plenty already embracing what it has to offer. Throughout the next two weeks, we'll introduce you to 28 of those up-and-comers with our Under 40 project.
Conti to test driverless vehicle this year
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HANOVER, Germany—Continental A.G. has advanced its driverless vehicle technology with the development of a demo vehicle it calls CUbE.In a July 20 news release, the German technology...
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HANOVER, Germany—Continental has advanced its driverless vehicle technology with the development of a demo vehicle it calls CUbE. HANOVER, Germany—Continental has advanced its driverless vehicle technology with the development of a demo vehicle it calls CUbE. $HANOVER, Germany—Continental has advanced its driverless vehicle technology with the development of a demo vehicle it calls CUbE.
Autonomous technology driving vehicle design
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TROY, Mich.—Mobility always has been at the core of the automotive industry, and now it's also about to rock that same core. Autonomous vehicles are on the horizon. And even if that horizon ...
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TROY, Mich.—Autonomous vehicles are on the horizon. And even if that horizon is distant, the industry is preparing to design a new world where millions of people would gain access to the road if the technology can be brought to the mainstream. TROY, Mich.—Autonomous vehicles are on the horizon. And even if that horizon is distant, the industry is preparing to design a new world where millions of people would gain access to the road if the technology can be brought to the mainstream. $ TROY, Mich.—Autonomous vehicles are on the horizon. And even if that horizon is distant, the industry is preparing to design a new world where millions of people would gain access to the road if the technology can be brought to the mainstream.
Arab investment firm partners with Nexen
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ABU DHABI, United Arab Emirates—Mubadala Investment Co., an Abu Dhabi-based strategic investment fund, has made an equity investment in Nexen Tire Corp. and struck a deal with the South...
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ABU DHABI, United Arab Emirates—Mubadala Investment has made an equity investment in Nexen and struck a deal with the South Korean tire maker to "explore strategic partnership opportunities." ABU DHABI, United Arab Emirates—Mubadala Investment has made an equity investment in Nexen and struck a deal with the South Korean tire maker to "explore strategic partnership opportunities." $ABU DHABI, United Arab Emirates—Mubadala Investment has made an equity investment in Nexen and struck a deal with the South Korean tire maker to "explore strategic partnership opportunities."
Rubber rankings top 6 unchanged, but sales slide
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The top echelon of the North American rubber product manufacturing industry stayed intact during 2016, with the top six firms holding the same spots as 2015 and only one newcomer to the top 10....
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The top echelon of the North American rubber product manufacturing industry stayed intact during 2016, with the top six firms holding the same spots as 2015 and only one newcomer to the top 10. The top echelon of the North American rubber product manufacturing industry stayed intact during 2016, with the top six firms holding the same spots as 2015 and only one newcomer to the top 10. $The top echelon of the North American rubber product manufacturing industry stayed intact during 2016, with the top six firms holding the same spots as 2015 and only one newcomer to the top 10.
Business, labor groups react to USTR's NAFTA priorities
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WASHINGTON—A modernized North American Free Trade Agreement, ensuring the highest fair trade standards covering the broadest possible range of goods and services, is the Trump...
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WASHINGTON—The Office of the U.S. Trade Representative released its "Summary of Objectives for the NAFTA Renegotiation." The document was greeted by a wide range of comments from organizations and associations. WASHINGTON—The Office of the U.S. Trade Representative released its "Summary of Objectives for the NAFTA Renegotiation." The document was greeted by a wide range of comments from organizations and associations. $WASHINGTON—The Office of the U.S. Trade Representative released its "Summary of Objectives for the NAFTA Renegotiation." The document was greeted by a wide range of comments from organizations and associations.
Nexen sponsoring Euro soccer teams' U.S. tour
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SEOUL, South Korea—Nexen will be a sponsor of the 2017 International Champions Cup tour, which features a dozen matches between leading European soccer teams at U.S. stadiums July 19-30....
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SEOUL, South Korea—Nexen will be a sponsor of the 2017 International Champions Cup tour, which features a dozen matches between leading European soccer teams at U.S. stadiums. SEOUL, South Korea—Nexen will be a sponsor of the 2017 International Champions Cup tour, which features a dozen matches between leading European soccer teams at U.S. stadiums. $SEOUL, South Korea—Nexen will be a sponsor of the 2017 International Champions Cup tour, which features a dozen matches between leading European soccer teams at U.S. stadiums.
Toyoda Gosei expands Fluid Systems unit
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BRIGHTON, Mich.—A Toyoda Gosei Co. Ltd. subsidiary is about to get a whole lot bigger.TG Fluid Systems USA Corp. has begun construction of a 62,000-sq.-ft. addition to its manufacturing...
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BRIGHTON, Mich.—A Toyoda Gosei subsidiary is about to get a whole lot bigger with a 62,000-sq.-ft. addition. BRIGHTON, Mich.—A Toyoda Gosei subsidiary is about to get a whole lot bigger with a 62,000-sq.-ft. addition. $BRIGHTON, Mich.—A Toyoda Gosei subsidiary is about to get a whole lot bigger with a 62,000-sq.-ft. addition.
Bridgestone invests in proactive ride technology with ClearMotion
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NASHVILLE, Tenn.—Bridgestone Americas Inc. has invested in ClearMotion Inc. to incorporate road-sensing technology into its products to build a smoother ride. Bridgestone will work with...
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NASHVILLE, Tenn.—Bridgestone Americas has invested in ClearMotion to incorporate road-sensing technology into its products to build a smoother ride. NASHVILLE, Tenn.—Bridgestone Americas has invested in ClearMotion to incorporate road-sensing technology into its products to build a smoother ride. $NASHVILLE, Tenn.—Bridgestone Americas has invested in ClearMotion to incorporate road-sensing technology into its products to build a smoother ride.
Editorial: Both sides presented plausible accounts to ITC in ESBR case
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The investigation of emulsion SBR imports at the International Trade Commission featured a fairly typical set of plausible but mutually exclusive arguments. Lion Elastomers L.L.C., the one...
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The rubber industry is a complex one, ruled by proprietary research and development, delicate deal making, and an unavoidable, unpredictable human factor. The rubber industry is a complex one, ruled by proprietary research and development, delicate deal making, and an unavoidable, unpredictable human factor. $The rubber industry is a complex one, ruled by proprietary research and development, delicate deal making, and an unavoidable, unpredictable human factor.
Digital Edition
Digital Edition
Published on August 20, 2001

Closings, acquisitions reshape capacity landscape

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Date Published August 20, 2001
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Global tire capacity changed more through contraction and acquisition than expansion in the past year.

Since mid-2000, the world's major tire makers have closed six plants-including three in Mexico and one in the U.S.-and Bridgestone/Firestone Inc.'s Decatur, Ill., facility is scheduled to shut down later this year. In addition, Bridgestone/Firestone has put workers at factories in Mexico and Argentina on notice their plants may be closed unless the company gets wage concessions.

On the other hand, only two factories of note have opened-Continental Tire North America Inc.'s satellite car tire facility in Timosoara, Romania, in late 2000, and Michelin North America Inc.'s farm tire plant in South Carolina in June 2001. Pirelli Tire North America Inc.'s new operation in Rome, Ga., is expected to be on stream in mid-2002.

Otherwise, changes in capacity have been highlighted primarily by Groupe Michelin's expansion strategy-a joint venture in China with Shanghai Tyre & Rubber Co. Ltd. and acquisition of the Silvania and Victoria tire plants from Romania's Tofan Grup. These two deals will add more than 9 million units of annual production capacity and boost Michelin's annual sales by at least $100 million.

Of the world's dozen largest tire makers, four reduced capital spending last year. On average, the dozen major players invested 6.1 percent of sales in fiscal 2000 in capital improvements, ranging from 4.2 percent at four companies to 16.9 percent at Hankook Tire Manufacturing Co. Ltd.

Closings

Bridgestone/Firestone

* The firm issued a plant closure notice for its Decatur, Ill., site in late June 2001. Scheduled to shut down by the fourth quarter, the factory's 1,900 employees make 24,000 tires per day.

Pirelli

* In early 2001, the tire maker closed its Hanford, Calif., passenger tire plant, eliminating 490 jobs and losing capacity of 10,000 units daily.

Michelin

* The Queretaro and Tacuba, Mexico, facilities were shuttered in August 2000. Combined, the sites produced 9,200 tires per day and employed 800. But the Tacuba plant has since been re-leased to Compania Hulera Tornel S.A. de C.V.

* MSF Tire & Rubber Co. closed its Manila, Philippines, factory in early 2001. Its 800 employees produced 1 million units per year.

* In early 2001, the firm shut down its Kuingaiv, Sweden, plant. Dedicated to winter tire production, the C3M-based site had 100 workers.

Goodyear

* The Tultitlan, Mexico, facility, which employed more than 1,500 and made 20,000 tires daily, closed in April 2001.

* The company canceled plans in August 2001 to build a 1.2 million unit-per-year passenger tire plant in Glorhina, Brazil.

Titan International Inc.

* Its Natchez, Miss., factory was mothballed and staffing was reduced to a skeleton crew.

Expansions/new plants

Goodyear

* It invested $10 million and added 12,500 square feet to its Danville, Va., site, tripling production of radial aircraft tires.

* After an eight-year hiatus, the firm resumed production of aircraft tires at its Sao Paulo, Brazil, factory.

Michelin

* It doubled capacity for passenger car and light truck tires at its Laem Chabang, Thailand, plant to 6 million units per year, much of which will be used to make 16-inch and larger tires for both Europe (performance tires) and North America (for sport-utility vehicles and light trucks).

Nizhnekamskshina

* The firm is investing $60 million to add capacity for 2 million steel-belted radial car tires per year. The new capacity will be on stream in early 2002, and will bring passenger tire capacity at the plant to 7 million units annually. In a second phase of the project, due on stream in 2003, the company expects to create new lines for steel radial truck tires in sizes 17.5-, 21.5- and 22.5-inch, mainly for the domestic market.

P.T. Mega Safe Tyre Industry

* The company is expanding its radial tire factory in Salatiga, Indonesia, to 1.5 million units a year short term, and to as many as 4 million units a year by 2005.

Acquisition

Continental

* It has agreed to take majority control of Moscow Tire Plant. Conti will spend $43 million over three years to boost production of Taganka-brand tires to 5 million units annually from 2 million, and eventually make Continental, Barum and Gislaved passenger and light truck tires.

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