Bruce Davis Special Projects Reporter [email protected] See All Staff Page Recent Stories U.S. tire market continues to attract new players Exclusive research shows more than 425 tire brands are available in the North American tire market, distributed by 130-plus companies, including 20 with a manufacturing base in the U.S. Goodyear broadens mix at company-owned stores with Cooper tires Goodyear's TireHub L.L.C. joint venture with Bridgestone Americas has begun stocking Cooper-brand products at its 70-plus warehouses across the country. Goodyear christens '4.0 digital' tire plant in Luxembourg Goodyear is employing an advanced, proprietary manufacturing process in Luxembourg that it claims can turn out tires four times faster than conventional production methods. Yokohama to broaden off-highway portfolio with Trelleborg Wheel Systems "We wouldn't have sold this business unless we hadn't seen the valuation as attractive," said Peter Nilsson, Trelleborg Group president and CEO. Importer FTS seeks damages from freight provider Evergreen Lines Foreign Tire Sales is seeking a Federal Maritime Commission investigation into alleged violations of the Shipping Act of 1984 by Evergreen Line, alleging the ocean-freight provider has cost the company $1 million in revenue due to increased shipping costs. Yokohama to acquire Trelleborg Wheel Systems in $2.3 billion deal Yokohama will buy Trelleborg Group's wheels unit for $2.3 billion in a transaction set for completion in "the latter part of 2022," both companies announced March 25. U.S. reviewing import duties on OTR tires from India The Department of Commerce is reviewing 2017 duties imposed on imports of OTR tires from India to determine whether they should be continued. Titan Tire thinks so. Transportation department issues 19 new tire factory codes The new codes include 14 codes for tire plants in China and two each in India and Serbia. Tire imports rebound to pre-COVID levels After a slight dip in tire import trade volume and revenue in 2020, both roared back in 2021 as demand for tires in the U.S. rebounded to pre-COVID levels and more. Tire replacement market shows double-digit gains, tops pre-pandemic levels According to 2021 industry data, North American replacement market tire shipments grew by double-digits last year in all the sectors monitored, recovering to or exceeding pre-pandemic levels. Business booming for Titan Titan finished the 2021 fiscal year on a high note with sales and profits soaring. The good news for the ag tire maker is that 2022 is shaping up to a strong one as well. U.S. tire aftermarket rebounds to pre-pandemic levels It appears as if the U.S. tire industry has rebounded from its 2020 market slump. How do aftermarket and OE shipments compare? The U.S. Tire Manufacturers Association breaks it down. Titan ramping up Goodyear farm tire sales in Europe Titan International Inc. has reached a deal with a manufacturer in Turkey, who will help to produce Goodyear-branded ag tires for the European market. TCR racing series making switch to Kumho as spec tire Sedan road-racing series in Europe running under Touring Car Championship (TCR) regulations are switching to race tires built by South Korea's Kumho Tire Co. Inc. U.S. revises duty rates on China-sourced truck/bus tires The U.S. Department of Commerce has revised counterveiling duties imposed in February 2019 on truck/bus tires produced in China. Load More
