Current Issue
×

Top Stories

Title Issue Date Category Formats Records Price
Triangle clears government hurdles for funding of new U.S. tire plants
View Description View Full Details
FRANKLIN, Tenn.—China's Triangle Group Co. Ltd. is getting close to breaking ground on its previously announced passenger and light truck tire factory in Edgecombe County, east of Rocky...
View Full Details »
FRANKLIN, Tenn.—China's Triangle Group is getting close to breaking ground on its previously announced passenger and light truck tire factory in Edgecombe County, east of Rocky Mount, N.C. FRANKLIN, Tenn.—China's Triangle Group is getting close to breaking ground on its previously announced passenger and light truck tire factory in Edgecombe County, east of Rocky Mount, N.C. $FRANKLIN, Tenn.—China's Triangle Group is getting close to breaking ground on its previously announced passenger and light truck tire factory in Edgecombe County, east of Rocky Mount, N.C.
EPA to toughen fluorochemical rules
View Description View Full Details
WASHINGTON—Calling it a "national priority," Environmental Protection Agency Administrator Scott Pruitt told a Washington conference May 22 that EPA will develop tougher regulations around...
View Full Details »
WASHINGTON—Calling it a "national priority," Environmental Protection Agency Administrator Scott Pruitt told a Washington conference May 22 that EPA will develop tougher regulations around chemicals widely used in making fluoropolymers and other products. WASHINGTON—Calling it a "national priority," Environmental Protection Agency Administrator Scott Pruitt told a Washington conference May 22 that EPA will develop tougher regulations around chemicals widely used in making fluoropolymers and other products. $WASHINGTON—Calling it a "national priority," Environmental Protection Agency Administrator Scott Pruitt told a Washington conference May 22 that EPA will develop tougher regulations around chemicals widely used in making fluoropolymers and other products.
Trump orders tariff investigation of imported autos, auto parts (updated)
View Description View Full Details
WASHINGTON—On the heels of tariffs issued on imported steel and aluminum, President Trump has ordered the U.S. Department of Commerce to conduct an investigation into whether imported...
View Full Details »
WASHINGTON—President Trump has ordered the U.S. Department of Commerce to conduct an investigation into whether imported vehicles and vehicle parts constitute a threat to national security. WASHINGTON—President Trump has ordered the U.S. Department of Commerce to conduct an investigation into whether imported vehicles and vehicle parts constitute a threat to national security. $WASHINGTON—President Trump has ordered the U.S. Department of Commerce to conduct an investigation into whether imported vehicles and vehicle parts constitute a threat to national security.
Goldsmith & Eggleton celebrates 50 years in business
View Description View Full Details
WADSWORTH, Ohio—Goldsmith & Eggleton has been a long-standing fixture in the rubber industry. What started as a small family business has continued to grow and expand into new markets,...
View Full Details »
WADSWORTH, Ohio—Goldsmith & Eggleton has existed in many spaces, but it started off with just an idea. What started as a small family business has continued to grow and expand into new markets, and in 2018 will celebrate its 50th anniversary. WADSWORTH, Ohio—Goldsmith & Eggleton has existed in many spaces, but it started off with just an idea. What started as a small family business has continued to grow and expand into new markets, and in 2018 will celebrate its 50th anniversary. $WADSWORTH, Ohio—Goldsmith & Eggleton has existed in many spaces, but it started off with just an idea. What started as a small family business has continued to grow and expand into new markets, and in 2018 will celebrate its 50th anniversary.
Wacky World of Rubber: Tires made difference in first Indy 500
View Description View Full Details
Tires always have been a big part of the Indianapolis 500, but perhaps no more so than they were in the inaugural running in 1911. When watching present-day pit stops where tire/wheel combinations ...
View Full Details »
Tires always have been a big part of the Indianapolis 500, but perhaps no more so than they were in the inaugural running in 1911. Tires always have been a big part of the Indianapolis 500, but perhaps no more so than they were in the inaugural running in 1911. $Tires always have been a big part of the Indianapolis 500, but perhaps no more so than they were in the inaugural running in 1911.
TIA, USTMA join forces on tire registration
View Description View Full Details
HILTON HEAD, S.C.—The Tire Industry Association and the U.S. Tire Manufacturers Association are cooperating to find an effective and equitable way of registering tires in case of a recall,...
View Full Details »
HILTON HEAD, S.C.—The Tire Industry Association and the U.S. Tire Manufacturers Association are cooperating to find an effective and equitable way of registering tires in case of a recall. HILTON HEAD, S.C.—The Tire Industry Association and the U.S. Tire Manufacturers Association are cooperating to find an effective and equitable way of registering tires in case of a recall. $HILTON HEAD, S.C.—The Tire Industry Association and the U.S. Tire Manufacturers Association are cooperating to find an effective and equitable way of registering tires in case of a recall.
Auto makers tell White House 'climate change is real'
View Description View Full Details
WASHINGTON—Auto makers urged the White House to cooperate with California officials in a coming rewrite of vehicle efficiency standards, saying "climate change is real." The plea came in a...
View Full Details »
WASHINGTON—Auto makers urged the White House to cooperate with California officials in a coming rewrite of vehicle efficiency standards, saying "climate change is real." WASHINGTON—Auto makers urged the White House to cooperate with California officials in a coming rewrite of vehicle efficiency standards, saying "climate change is real." $WASHINGTON—Auto makers urged the White House to cooperate with California officials in a coming rewrite of vehicle efficiency standards, saying "climate change is real."
Lord to invest $80 million for Pennsylvania expansion
View Description View Full Details
SAEGERTOWN, Pa.—Lord Corp. has disclosed plans to expand and upgrade operations at its Saegertown facility. The firm intends to invest $80 million during the next five years to add various...
View Full Details »
SAEGERTOWN, Pa.—Lord has disclosed plans to expand and upgrade operations at its Saegertown facility. SAEGERTOWN, Pa.—Lord has disclosed plans to expand and upgrade operations at its Saegertown facility. $SAEGERTOWN, Pa.—Lord has disclosed plans to expand and upgrade operations at its Saegertown facility.
3D printed polyurethane footwear makes technological strides
View Description View Full Details
All of the big sportswear brands have been investigating the possibility of printing high-performance footwear. And they have been supported by the manufacturers of materials and printing...
View Full Details »
All of the big sportswear brands have been investigating the possibility of printing high-performance footwear. And they have been supported by the manufacturers of materials and printing equipment. All of the big sportswear brands have been investigating the possibility of printing high-performance footwear. And they have been supported by the manufacturers of materials and printing equipment. $All of the big sportswear brands have been investigating the possibility of printing high-performance footwear. And they have been supported by the manufacturers of materials and printing equipment.
Maverix Solutions debuts new mold release coating
View Description View Full Details
SANTA ANA, Calif.—On the manufacturing floor, efficiency is key. Processes that create a time or cost savings are desired across the board. When one achieves both, with additional benefits...
View Full Details »
SANTA ANA, Calif.—Santa Ana-based Maverix Solutions developed Mavcoat MD-4, a mold release coating for the rubber industry that revolutionizes the molding process. SANTA ANA, Calif.—Santa Ana-based Maverix Solutions developed Mavcoat MD-4, a mold release coating for the rubber industry that revolutionizes the molding process. $SANTA ANA, Calif.—Santa Ana-based Maverix Solutions developed Mavcoat MD-4, a mold release coating for the rubber industry that revolutionizes the molding process.
Digital Edition
Digital Edition
Published on August 20, 2001

Closings, acquisitions reshape capacity landscape

Have a question? Need some help?
Click here to view the FAQ

Tags

Date Published August 20, 2001
Category

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.

ERROR: Object template cce_CCI_SITE is missing!