Tag: North America
Michelin acquires Tablet
Michelin has bought Tablet, an online travel agency specializing in boutique and luxury hotels. Headquartered in New York, Tablet was founded in 2000 by Laurent Vernhes and Michael Davis to provide a high-quality selection of unique hotel experiences to millions of travellers, and an associated booking platform. The purchase of The Tablet follows Michelin’s earlier purchase of Bookatable.com in January 2016 and Restaurantes.com in December 2016.
Toyo investing US$138 million in US plant expansion
Toyo Tire North America Manufacturing Inc. is set to create more than 150 jobs when it invests over US$138 million in its manufacturing operation in Cartersville, Georgia. According to an official announcement, new jobs will include positions in production, support and administration.
Nokian Tyres: Financial targets aim for faster growth in Europe, North America
The Board of Directors at Nokian Tyres has set new financial targets for 2019-2021. These targets include faster than market growth of more than five per cent CAGR, EBIT at 22 per cent and a shareholders’ dividend of more than 50 per cent of net earnings. Nokian says the financial targets will guide the company in reaching the strategic ambitions it set in early 2018, which include increasing sales by 50 per cent in Central Europe and doubling them in North America within the next five years.
Michelin increasing prices in North America
Michelin North America has announced increases for US national account prices of up to eight per cent for all commercial brands, products and services. The new pricing takes effect 1 December 2018. Separately, prices for car, light truck and two-wheeler tyres sold under the Michelin, BFGoodrich and Uniroyal brands in the United States and Canada will increase by up to five per cent, effective 1 January 2019.
Toyo OE for Audi Q8 in North America
The Toyo Celsius SUV A has been selected as an original equipment tyre for the Audi Q8 that goes on sale in North America this autumn. The Audi SUV wears the Toyo tyre in size 275/50 R20 113H.
John Aben appointed to head Prinx Chengshan’s North American operation
Over the past two and a half years, Prinx Chengshan has established a presence in our region with the build up of its Prinx Chengshan Europe operation in Slovakia, however the tyre maker’s international growth plans don’t just include Europe. This year a new sales and marketing subsidiary in North America is also being established. The operation is headed by John Aben, who joins the company from Giti Tire.
John Thomas joins Duraturn USA
In the USA, industry veteran John Thomas has joined Yangchang Rubber/Duraturn as its local sales director. He previously served as director of sales West Canada for Sentury Tire North America and has more than 30 years of tyre industry sales experience.
Conti USA recalls certain Coach H3 tyres
Continental Tire Americas has recalled its Conti Coach H3 tyre, due to a potential issue that could cause loss of internal pressure through the sidewall resulting in slow of rapid deflation.
North America launch for Giti truck tyres
The Giti brand is joining the commercial vehicle tyre portfolio that Giti Tire offers in North America. Giti Tire (USA) is introducing a Giti line-up for long haul, regional, urban/light duty and mixed service applications, and intends to be active in both the original equipment and aftermarket segments within the region.
Cimcorp doubles building footprint in Finland production and office expansion
In May Cimcorp, the Finland-based manufacturer and integrator of turnkey robotic gantry-based order fulfilment and tire-handling solutions, shared construction plans to expand its production and office facilities at its headquarters in Ulvila, Finland. The new facilities will be built on 8,500 square metres of land, bought by Cimcorp in August 2017, nearly doubling the footprint of its current 9,500-square-metre space. The expansion will enable the company to accommodate its continuing business growth with greater capacity and efficiency, as well as incorporate new space for research and development.
Goodyear awarded for safety improvement practices
The Goodyear Tire & Rubber Company was recently recognised by the U.S. Tire Manufacturers Association (USTMA) with a Leadership Award for promoting innovative practices to improve worker safety.
Cabot increases rubber carbon black prices in North America
Effective 1 June 2018, Cabot Corporation is increasing prices for carbon black products sold by its Reinforcement Materials segment in North America. All Vulcan, Sterling, Regal, Spheron and Propel carbon black products will increase by $0.045/lb except for Vulcan XC-72, Vulcan XC-72 R and Sterling C carbon blacks. In addition, prices will increase by 4 per cent for Black Pearls, Monarch, CRX, Vulcan XC-72, Vulcan XC-72 R and Sterling C carbon black products.
Tyre supply: Hankook Tire in talks with US car makers
Hankook Tire reports that it is currently discussing original equipment tyre supply opportunities with “several top-tier US auto manufacturers,” with a view to becoming the original equipment supplier for a “handful of popular 2019 models.” The tyre maker says it is also negotiating “notable partnerships” in the USA for this year. In 2017 Hankook secured OE deals with two of the top-selling sedans on the US market, the Honda Accord and Toyota Camry.
Goodyear claims ‘highest mileage’ with new tyre for North America
Mileage is a quality that consumers in North America look at closely when buying replacement tyres, and therefore the following superlative from Goodyear Tire & Rubber is significant. With its new Assurance MaxLife, the tyre maker has “introduced the highest-mileage tyre in its nearly 120-year history.”
Michelin previews Acorus in Detroit
Michelin previewed the Maxion Flexible Wheel with its Acorus technology for the first time in North America at the North American International Auto Show (NAIAS) in Detroit (13 – 29 January).