Birla Carbon will increase prices on all products produced in the Americas by US$170 per metric tonne effective 1 July 2021. All shipments made on or after this date are subject to the price increase. Birla Carbon’s announcement follows a 97 euros per metric tonne EMEA price increase published on 24 May and effective 1 June 2021.
Marangoni Spa and Borrachas Vipal SA have announced that the two retreading material suppliers have entered into a partnership agreement aimed at “increasing the synergies and productivity, strengthening the industrial and commercial organisation of both groups”. Details of precisely what this means are still scarce but, according to a statement issued by Marangoni, this will lead to the creation of “the largest global independent player in the tyre retreading sector”.
After a decade’s absence, Continental is reintroducing its OTR and earthmover tyre ranges to the Americas. Beginning this month, the company is re-establishing its sales and product lines in all of North America as well as Brazil and the Andean markets. Continental states that the decision to return to these markets was based upon several factors, including demand from dealers for Continental products.
ZC Rubber’s Westlake Tyres brand has seen its sponsorship of WBC flyweight world champion Roman ‘Chocolatito’ Gonzalez (44-0, 38 KOs) start successfully, as the boxer defended his title on HBO Boxing. The 28-year old completed a near-perfect victory against challenger McWilliams Arroyo, the IBF super flyweight champion, on 24 April, sporting the tyre brand’s logo on his shorts.
Bridgestone Americas, Inc. is to buy large US tyre retailer The Pep Boys – Manny, Moe & Jack in an US$835 million all-cash deal. The transaction will be executed by Bridgestone Retail Operations, LLC (BSRO), a wholly owned subsidiary of Bridgestone Americas and follows the signing of a merger agreement under which BSRO will pay $15.00 per share, a price that represents a premium of 23 per cent over Pep Boys’ closing price of $12.15 on 23 October 2015 and a premium of 62 per cent over Pep Boys’ pre-buyout speculation price of $9.25 on 19 May 2015.