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Basic Rubber's family focus still strong after four decades
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WALLED LAKE, Mich.—Family is the most important value for the owners of Basic Rubber & Plastics Co. Inc., according to David Smith, president and one of the three brothers who own the...
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WALLED LAKE, Mich.—Family is the most important value for the owners of Basic Rubber & Plastics, which welcomed guests during a recent plant tour for the Association for Rubber Products Manufacturers. WALLED LAKE, Mich.—Family is the most important value for the owners of Basic Rubber & Plastics, which welcomed guests during a recent plant tour for the Association for Rubber Products Manufacturers. $ WALLED LAKE, Mich.—Family is the most important value for the owners of Basic Rubber & Plastics, which welcomed guests during a recent plant tour for the Association for Rubber Products Manufacturers.
Nokian breaks ground on Tennessee tire plant
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DAYTON, Tenn.—The smiles were almost as abundant as the southeast heat and humidity as executives from Nokian Tyres P.L.C. and officials from the state of Tennessee broke ground on the tire...
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DAYTON, Tenn.—The smiles were almost as abundant as the southeast heat and humidity as executives from Nokian and officials from the state of Tennessee broke ground on the tire maker's first North American facility. DAYTON, Tenn.—The smiles were almost as abundant as the southeast heat and humidity as executives from Nokian and officials from the state of Tennessee broke ground on the tire maker's first North American facility. $DAYTON, Tenn.—The smiles were almost as abundant as the southeast heat and humidity as executives from Nokian and officials from the state of Tennessee broke ground on the tire maker's first North American facility.
Michelin to follow Continental as IMSA tire supplier
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DAYTONA BEACH, Fla.—The International Motor Sports Association is switching tire suppliers for the various sports car road-racing championships it organizes throughout North America....
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DAYTONA BEACH, Fla.—Michelin will take over from Continental as the tire supplier for the International Motor Sports Association's various sports car road-racing championships. DAYTONA BEACH, Fla.—Michelin will take over from Continental as the tire supplier for the International Motor Sports Association's various sports car road-racing championships. $DAYTONA BEACH, Fla.—Michelin will take over from Continental as the tire supplier for the International Motor Sports Association's various sports car road-racing championships.
Clariant rejects appeal to rethink Huntsman merger
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MUTTENZ, Switzerland—Chemical giant Clariant A.G. has rejected a request to rethink its planned merger of equals with Woodlands, Texas-based Huntsman Corp. In an open letter to Clariant,...
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MUTTENZ, Switzerland—Chemical giant Clariant has rejected a request to rethink its planned merger of equals with U.S.-based Huntsman. MUTTENZ, Switzerland—Chemical giant Clariant has rejected a request to rethink its planned merger of equals with U.S.-based Huntsman. $MUTTENZ, Switzerland—Chemical giant Clariant has rejected a request to rethink its planned merger of equals with U.S.-based Huntsman.
Hoosier Gasket receives 'E' award from U.S. Department of Commerce
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INDIANAPOLIS—By increasing the company's percentage of exported goods, Indiana-based Hoosier Gasket Corp. has seen its revenue and employee base rise by about 25 percent during the last...
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INDIANAPOLIS—By increasing the company's percentage of exported goods, Indiana-based Hoosier Gasket has seen its revenue and employee base rise by about 25 percent during the last decade. INDIANAPOLIS—By increasing the company's percentage of exported goods, Indiana-based Hoosier Gasket has seen its revenue and employee base rise by about 25 percent during the last decade. $ INDIANAPOLIS—By increasing the company's percentage of exported goods, Indiana-based Hoosier Gasket has seen its revenue and employee base rise by about 25 percent during the last decade.
Louisville grants ASRC petition to modify emissions goals
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LOUISVILLE, Ky.—The Louisville Metro Air Pollution Control District has granted most of American Synthetic Rubber Co.'s requests for modification of its emissions goals under Louisville's...
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LOUISVILLE, Ky.—The Louisville Metro Air Pollution Control District has granted most of American Synthetic Rubber Co.'s requests for modification of its emissions goals under Louisville's Strategic Toxic Air Reduction program. LOUISVILLE, Ky.—The Louisville Metro Air Pollution Control District has granted most of American Synthetic Rubber Co.'s requests for modification of its emissions goals under Louisville's Strategic Toxic Air Reduction program. $LOUISVILLE, Ky.—The Louisville Metro Air Pollution Control District has granted most of American Synthetic Rubber Co.'s requests for modification of its emissions goals under Louisville's Strategic Toxic Air Reduction program.
Robotic system helps manage and track costly shipping containers
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GREEN, Ohio—Automotive suppliers have a problem.Yes, there is the uncertainty surrounding renegotiation of NAFTA and unrelenting increases in raw material costs. But this problem has to do...
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GREEN, Ohio—For original equipment manufacturers and their suppliers looking to better track returnable containers, there's an expense of manual cycle counts, meaning someone is physically counting packaging units. Last month, Surgere announced the commercial launch of a robot designed to take some of the sting out of reusable containers. GREEN, Ohio—For original equipment manufacturers and their suppliers looking to better track returnable containers, there's an expense of manual cycle counts, meaning someone is physically counting packaging units. Last month, Surgere announced the commercial launch of a robot designed to take some of the sting out of reusable containers. $GREEN, Ohio—For original equipment manufacturers and their suppliers looking to better track returnable containers, there's an expense of manual cycle counts, meaning someone is physically counting packaging units. Last month, Surgere announced the commercial launch of a robot designed to take some of the sting out of reusable containers.
H.B. Fuller to buy Royal Adhesives
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ST. PAUL, Minn.—H.B. Fuller Co. has signed a definitive agreement to purchase Royal Adhesives & Sealants L.L.C. from its private equity owner American Securities L.L.C. for about $1.58...
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ST. PAUL, Minn.—H.B. Fuller has signed a definitive agreement to purchase Royal Adhesives & Sealants from its private equity owner American Securities for about $1.58 billion. ST. PAUL, Minn.—H.B. Fuller has signed a definitive agreement to purchase Royal Adhesives & Sealants from its private equity owner American Securities for about $1.58 billion. $ ST. PAUL, Minn.—H.B. Fuller has signed a definitive agreement to purchase Royal Adhesives & Sealants from its private equity owner American Securities for about $1.58 billion.
In plastics M&A, market is ripe for sellers
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AKRON—It's a good time to own a plastics, polymer or specialty chemical company—especially if you're of a mind to sell it.That could have ramifications for some of the Akron area's...
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AKRON—It's a good time to own a plastics, polymer or specialty chemical company—especially if you're of a mind to sell it. AKRON—It's a good time to own a plastics, polymer or specialty chemical company—especially if you're of a mind to sell it. $AKRON—It's a good time to own a plastics, polymer or specialty chemical company—especially if you're of a mind to sell it.
Monolith targets U.S. for carbon black
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HALLAM, Neb.—Monolith Materials, a next-generation manufacturer of natural gas-based carbon black, is trying to bring a different form of carbon black manufacturing to America. To this end, ...
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HALLAM, Neb.—Monolith Materials, a next-generation manufacturer of natural gas-based carbon black, is trying to bring a different form of carbon black manufacturing to America. HALLAM, Neb.—Monolith Materials, a next-generation manufacturer of natural gas-based carbon black, is trying to bring a different form of carbon black manufacturing to America. $HALLAM, Neb.—Monolith Materials, a next-generation manufacturer of natural gas-based carbon black, is trying to bring a different form of carbon black manufacturing to America.
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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