Skip to main content
Sister Publication Links
  • European Rubber Journal
  • Plastics News
  • Tire Business
Subscribe
  • Login
  • Register
  • Subscribe
  • News
    • Automotive
    • Tire
    • Non-Tire
    • Suppliers
    • Silicone
    • Online Exclusive
    • Latex
    • Technical Notebooks
    • Executive Action
    • Government/Legal
    • Opinion
    • Rubber Division IEC
    • ITEC
    • Blogs
    • Sustainability
    • Products
    • Wacky World of Rubber
  • War in Ukraine
  • Custom
    • Sponsored Content
    • White Papers
  • Resources
    • Directory
    • Classifieds & Mold Mart
  • Data
  • Events
    • RN Events
    • RN Livestreams/Webinars
    • Industry Events
    • Past Events
    • Rubber News M&A Live
    • 2022 Hose & Belt Manufacturers Conference
    • 2022 International Silicone Conference
    • 2022 International Tire Exhibition & Conference (ITEC)
  • Advertise
  • DIGITAL EDITION
MENU
Breadcrumb
  1. Home
  2. News
January 14, 2008 01:00 AM

News Digest

  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    Goodyear sells T&WA interest

    Goodyear has sold its minority interest in T&WA Inc., a minority-owned tire-wheel mounting business, to EnovaPremier L.L.C., a newly formed Cincinnati company that has taken over the Louisville-based firm's assets.

    Goodyear said it expects to record an after-tax, noncash loss of $30 million to $35 million in the fourth quarter as a result of the transaction, subject to post-closing adjustments. Terms of the deal weren't disclosed.

    The deal includes T&WA's Louisville headquarters and facilities in Montgomery, Ala.; Paris, Ky.; Charlotte, Mich.; and Princeton, Ind.

    APV adds marketing partner

    APV Engineered Coatings has chosen Isogran GmbH as its exclusive marketing partner for Germany and Eastern Europe.

    Akron-based APV-formerly known as Akron Paint & Varnish Inc.-is a producer of paints, lubricants, coatings, adhesives, inks and release agents for the tire and other industries.

    Isogran said it will provide an experienced technical sales force, just-in-time delivery from local stock, and a dedicated support team.

    Faulty hose leads to recall

    American Honda Motor Co. is recalling 43,200 Acura RL sedans sold in the U.S. because of a faulty power steering hose.

    High temperatures under the hood of the RL may cause a power steering hose to crack and leak power steering fluid onto the catalytic converter. This could lead to a fire, according to a National Highway Transportation Safety Administration recall report. No injuries or fires have resulted from the faulty hose.

    Foamex settles contract lawsuit

    Foamex International Inc. has settled a breach of contract lawsuit filed by Sleep Innovations Inc. at the U.S. District Court in Pennsylvania.

    Sleep Innovations will pay Foamex $12 million for goods it has received from the foam maker. The bedding firm had withheld payment pending the outcome of the litigation. Other terms of the agreement weren't disclosed. The companies have also terminated their supply agreement.

    DuPont to expand S.C. plant

    DuPont Co. has chosen its Cooper River plant in South Carolina for a previously announced $500 million plan to significantly expand production of its Kevlar para-aramid brand fiber for industrial and military uses.

    The investment will include construction of a Kevlar fiber facility that is scheduled to start up in 2010, DuPont said. It is expected to create 100 jobs, as well as more than 400 contractor jobs during peak construction.

    Michelin to increase tire prices

    Michelin North America Inc. said it will raise prices on its replacement passenger, light truck, earthmover and industrial tires during the next few months. Higher costs for raw materials, transportation and energy were cited as the cause of the price increases.

    Private and associate passenger and light truck tires under the Michelin, BFGoodrich and Uniroyal brands will increase in price by up to 7 percent in the U.S. on March 3. Earthmover and industrial tires sold in the U.S. and Mexico, including those on back order, will rise an average of 3 percent, effective Feb. 1.

    Goodyear ends Tyler tire production

    Goodyear concluded its previously announced shutdown of tire production at its Tyler, Texas, plant in late December, with 600-650 jobs lost through layoffs, retirements and transfers to other facilities, the company said.

    The facility will continue to operate as a rubber mixing center manned by 135 employees. Goodyear opted to cease tire production at the Tyler plant, which had a daily capacity of 25,000 passenger and light truck tires, following its 2006 decision to exit certain segments of the private brand tire business.

    In brief

    General Motors Corp.'s Chevrolet division picked Michelin Pilot Sport PS2 TM ZP run-flat tires as exclusive standard equipment on the 2009 Corvette ZR1...Lanxess A.G. increased prices of its EPDM rubber grades worldwide by about 5 percent as of Jan. 1...Huber Engineered Materials will increase prices for specialty grade silica and silicates by 5-8 percent, effective Feb. 1...Pilot Chemical Co. will boost prices on its surfactants from 2-15 cents, effective Jan. 15 or as contracts allow.

    Letter
    to the
    Editor

    Rubber News wants to hear from its readers. If you want to express your opinion on a story or issue, email your letter to Editor Bruce Meyer at [email protected].

    Most Popular
    1
    Auto suppliers changing how, where they make parts in EV era
    2
    Stellantis ranked lowest in supplier relations study
    3
    Yokohama to raise prices on car, truck tires in U.S.
    4
    Myers Industries CFO stepping down
    5
    U.S. tire market continues to attract new players
    SIGN UP FOR NEWSLETTERS
    EMAIL ADDRESS

    Please enter a valid email address.

    Please enter your email address.

    Please verify captcha.

    Please select at least one newsletter to subscribe.

    Get our newsletters

    Staying current is easy with Rubber News delivered straight to your inbox, free of charge.

    Subscribe Today

    Subscribe to Rubber News to get the best coverage and leading insights in the industry.

    SUBSCRIBE
    Connect with Us
    • LinkedIn
    • Facebook
    • Twitter

    MISSION

    To serve companies in the global rubber product industry by delivering news, industry insights, opinions and technical information.

    Contact Us

    2291 Riverfront Pkwy, Suite 1000
    Cuyahoga Falls,
    OH 44221

    Customer Service:
    877-320-1726

    Resources
    • About Us
    • Digital Edition
    • Staff
    • Advertise
    • Order Reprints
    • Privacy Policy
    • Privacy Request
    • Terms of Service
    • Careers
    • Ad Choices Ad Choices
    • Sitemap
    Partner Sites
    • Tire Business
    • European Rubber Journal
    • Plastics News
    • Plastics News China
    • Urethanes Technology
    • Automotive News
    • Crain Brands
    Copyright © 1996-2022. Crain Communications, Inc. All Rights Reserved.
    • News
      • Automotive
      • Tire
      • Non-Tire
      • Suppliers
      • Silicone
      • Online Exclusive
      • Latex
      • Technical Notebooks
      • Executive Action
      • Government/Legal
      • Opinion
      • Rubber Division IEC
      • ITEC
      • Blogs
        • Products
        • Wacky World of Rubber
      • Sustainability
    • War in Ukraine
    • Custom
      • Sponsored Content
      • White Papers
    • Resources
      • Directory
      • Classifieds & Mold Mart
    • Data
    • Events
      • RN Events
        • 2022 Hose & Belt Manufacturers Conference
        • 2022 International Silicone Conference
        • 2022 International Tire Exhibition & Conference (ITEC)
      • RN Livestreams/Webinars
      • Industry Events
      • Past Events
      • Rubber News M&A Live
    • Advertise
    • DIGITAL EDITION