Continental celebrated the grand opening of its Clinton, Mississippi, tyre factory on 16 October 2019. with a grand opening ceremony yesterday. The celebration marks the completion of the construction process, which began in 2016. Approximately 300 guests, including state and local officials, along with community members, customers, and suppliers as well as 250 Continental employees joined the event.
Nokian Tyres has appointed Mark Earl vice-president of its Americas business area. He will start in this position on 1 May 2018 and report to Hille Korhonen, the tyre maker’s president and chief executive officer.
Nokian Tyres’ board of directors has authorized its management to sign a letter of intent with the respective authorities to build a new tyre manufacturing facility in America. The new greenfield factory will be located in Dayton (Rhea County), Tennessee, USA. It will concentrate on the production of passenger, SUV and light truck tyres that are sold exclusively or primarily in the North American market. The annual capacity of the factory will be 4 million tyres with an expansion potential in the future. About 400 people are expected to be employed.
Dunlop Aircraft Tyres is to establish its first retreading facility in the United States in early 2016. It is reportedly evaluating a number of potential sites in the South East of the USA. The Birmingham, UK-based company says it will use the base to boost its competitiveness across the Americas, particularly on popular narrow and wide-bodied jet airliners and military aircraft.
Cooper Tire & Rubber has appointed Mark Chung its vice-president, strategy & business development for the Americas. In his new role, Chung is responsible for leading the development and execution of Cooper’s North and South America business strategy, spearheading business intelligence, business development, and establishing processes to support the company’s growth initiatives in North America. He reports to Chris Ostrander, Cooper’s president, Americas Operations.
Hexpol has agreed to acquire well known US rubber compounding firm Kardoes Rubber Co. from company founder Frank Kardoes and his family for US$31.8 million. According to Hexpol, the acquisition price will be paid on a cash and debt free basis and is funded by a combination of cash and existing bank facilities. The acquisition price will be paid upon completion of the acquisition which is estimated to take place at the end of July. The business is expected to be consolidated from August 2014.
A fire at the Bridgestone Americas plant in Wilson, North Carolina, USA. According to news reports emanating from US trade magazine Tire Review, the fire forced the evacuation of hundreds of employees on Saturday 28 June 2014.