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NAM honors U.S. senator for his support of manufacturing
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AKRON—The National Association of Manufacturers recognized U.S. Sen. Rob Portman, R-OH, with the NAM Award for Manufacturing Legislative Excellence, which was presented during an ceremony at ...
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AKRON—The National Association of Manufacturers recognized U.S. Sen. Rob Portman, R-OH, with the NAM Award for Manufacturing Legislative Excellence. AKRON—The National Association of Manufacturers recognized U.S. Sen. Rob Portman, R-OH, with the NAM Award for Manufacturing Legislative Excellence. $AKRON—The National Association of Manufacturers recognized U.S. Sen. Rob Portman, R-OH, with the NAM Award for Manufacturing Legislative Excellence.
Cheng Shin set to open two tire plants
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CHUNGHWA, Taiwan — Cheng Shin Rubber Industrial Co. Ltd.'s new plants in India and Indonesia will start production this year, the Taiwanese tire maker disclosed at its recent investor...
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WASHINGTON—The United Steelworkers has filed a complaint with the U.S. Court of International Trade seeking judicial review of the U.S. International Trade Commission's recent negative...
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Apollo celebrates milestone event
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GYONGYOSHALASZ, Hungary—In a country filled with relics and buildings that date back several centuries, one of the world's most technologically advanced and environmentally efficient...
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Photo Gallery: Bridgestone celebrates re-opening of Akron Data Center
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Bridgestone develops airless bicycle tires
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East West halts operations at historic rubber facility
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Aeolus seeks to raise $840 million for Pirelli deal
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JIAOZUO, China—China's Aeolus Tyre Co. Ltd. is seeking to raise $840 million through a public share offering to cover the cost of acquiring a 90 percent stake in Prometeon Tyre...
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JIAOZUO, China—Aeolus is seeking to raise $840 million through a public share offering to cover the cost of acquiring a 90 percent stake in Prometeon Tyre Group—Pirelli's commercial tire unit—and other industrial tire assets. JIAOZUO, China—Aeolus is seeking to raise $840 million through a public share offering to cover the cost of acquiring a 90 percent stake in Prometeon Tyre Group—Pirelli's commercial tire unit—and other industrial tire assets. $JIAOZUO, China—Aeolus is seeking to raise $840 million through a public share offering to cover the cost of acquiring a 90 percent stake in Prometeon Tyre Group—Pirelli's commercial tire unit—and other industrial tire assets.
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When crude prices go up, everything goes up. This observation—by Yuka Kimoto, director of marketing for Lion Elastomers—is the accepted wisdom in the synthetic rubber market, and with ...
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Considering oil prices alone, there is no reason to believe that feedstock prices—and, with them, SR prices—are coming down any time soon. However, according to authoritative sources, butadiene prices are starting to fall. Considering oil prices alone, there is no reason to believe that feedstock prices—and, with them, SR prices—are coming down any time soon. However, according to authoritative sources, butadiene prices are starting to fall. $Considering oil prices alone, there is no reason to believe that feedstock prices—and, with them, SR prices—are coming down any time soon. However, according to authoritative sources, butadiene prices are starting to fall.
Mining industry looks to dig out of slump in 2017
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The mining industry is having a difficult time digging itself out of a multi-year slump, but this year's outlook, while still sluggish, is expected to be an improvement compared to 2016, according ...
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The mining industry is having a difficult time digging itself out of a multi-year slump, but this year's outlook, while still sluggish, is expected to be an improvement compared to 2016, according to industry observers. The mining industry is having a difficult time digging itself out of a multi-year slump, but this year's outlook, while still sluggish, is expected to be an improvement compared to 2016, according to industry observers. $The mining industry is having a difficult time digging itself out of a multi-year slump, but this year's outlook, while still sluggish, is expected to be an improvement compared to 2016, according to industry observers.
Digital Edition
Digital Edition
Published on September 3, 2007

GPX invests $20 million in China factory

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Date Published September 3, 2007
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GPX International Tire Corp. has invested about $20 million so far to improve and upgrade the tire plant it bought in Hebei, China, a year ago.

Included in that investment was the installation of solid tire capacity to go with the plant's existing bias-ply tire capacity and to support GPX's solid tire plants in Mississauga, Ontario, and Gorham, Maine, according to CEO Robert Sherkin. GPX eventually may add radial capacity at the Hebei factory, he said.

The facility, which has been renamed Hebei Starbright Co. Ltd., produces bias tires for truck, small specialty, agriculture and specialty off-the-road applications. The factory employs more than 1,000 and has an annual capacity of 40,000 metric tons-about the same as when GPX bought it. ``Most of the work in the last year was to improve what they make rather than increase capacity,'' Sherkin said.

``The initial work in the past year was investing in retooling the facility and improving the processes. It was an older, state-owned enterprise,'' he said. ``There was a lot of work to improve the quality of production and the way the operation works.''

The Hebei factory built tires for GPX for five years before the acquisition. ``We felt they did such a good job with the limited resources and limited tools,'' Sherkin said, noting that the company believed it could make the operation better with additional engineering resources.

``We grew our business from contracting production at other factories,'' Sherkin said. He said GPX didn't have complete control over the production under that arrangement. ``To raise the bar, it was necessary to have a facility that we owned and controlled completely,'' he said.

GPX supplies industrial/specialty tires around the world and anticipates the China plant will help bolster its sales in China and Southeast Asia.

The China plant also will support the company's North American tire production. ``Our intention is to continue production over here (North America),'' Sherkin said. ``We will maintain production in North America and maintain production in China. We will use the special features (of each plant) to better serve our customers.''

More commodity items may be supplied by the Hebei plant, he said.

On the publicity surrounding recalls of Chinese imports, Sherkin said, ``There is a lot of focus recently on lower priced-products. We don't sell tires at low prices. We sell high-value, high-quality products.''

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