Conti workers in Mount Vernon vote against USWA
MOUNT VERNON, Ill.-Employees at Continental Tire North America Inc.'s Mount Vernon plant narrowly voted against union representation by a margin of 51.9 percent to 48.1 percent, the tire maker said.
The United Steelworkers of America had petitioned the National Labor Relations Board to represent production and maintenance employees at the plant. In balloting July 22-24, 807 voted against union representation and 747 in favor, according to Continental. A total of 41 ballots were challenged, not enough to change the final results.
"We are pleased with the outcome of the election," Nick Fletcher, vice president of human resources for Continental, said in a statement. "We hope that the Steelworkers will respect our employees' choice."
The USWA had seven days to file objections with the NLRB. The union earlier filed a charge with the labor board claiming that Continental had announced curtailment of tire production at its Mayfield, Ky., tire plant to "scare" workers in Mount Vernon from voting for union representation.
Titan profitable for second consecutive quarter
QUINCY, Ill.-Titan International Inc. reported net income of $5.6 million on sales of $121.2 million for the second quarter, its second consecutive profitable period, the company reported July 30.
Titan's net profit for the quarter was a big improvement on the like period of 2003, when it posted an $8.2 million loss. Sales were down 7.5 percent from the $131 million posted in the second quarter of 2003, but increased 28.9 percent from the $94 million pro forma, adjusted to reflect the April public sale of Titan Europe.
Net sales for the first half of 2004 were $288.2 million, up from $260.0 million for the first half of 2003. The company reported net profits of $10.9 million for the first six months of 2004, up from a $14.1 million net loss last year.
"The first half of 2004 has shown solid progress for Titan and the strength of our order book is evidence of our customers' preference for Titan products," said Maurice Taylor Jr., Titan president and CEO. "This was the right time to secure Titan's refinancing and position the company to take advantage of growth opportunities. The outlook through 2005 is positive and Titan is prepared to meet these challenges."
DSM to close EPDM plant in Japan by Sept. 30
CHIBA, Japan-DSM Elastomers B.V. will close the EPDM plant it operates as a joint venture with Idemitsu Petrochemical Co. Ltd. in Chiba by Sept. 30.
The company will continue to serve its Keltan-brand customers in Asia with products manufactured in Triunfo, Brazil, and at a new state-of-the-art plant in Geleen, Netherlands.