Some companies strive to be a “best place to work” by following the latest workplace trends, such as furnishing offices with things like foosball tables and in-office spas, to try and keep employees happy. Other companies go beyond perks, forming a culture that supports passions and purpose – giving their employees time and tools to innovate solutions that impact society. Technology company Continental is one such purpose-driven enterprise, and Fortune Magazine has just named it one of the 18 Best Big Companies to Work For™ and the only manufacturing company to make the prestigious list.
Italian tiremaker Pirelli maps route to margin growth – Reuters
MILAN (Reuters) – Italian tiremaker Pirelli (PIRC.MI) will focus on its premium products and cost-cutting measures to drive a gradual increase in core profit margins over the next two years. Announcing its strategic plan after reporting annual results on Wednesday, the group said its margin on adjusted earnings before interest and tax (EBIT) would rise to between 18% and 19% through 2022, up from 17.2% last year.
US car tire production falls amid increasing imports
Akron, Ohio — At first glance, the US consumer tire aftermarket displayed moderate strength last year, with replacement passenger and light truck tire shipments up 2.2% and 2.5%, respectively, over 2018.
What comes as a surprise, though, is that US-based tire manufacturers — despite billions of dollars of investment in new and expanded capacities over the past several years — did not seem to benefit from the aftermarket growth, according to Tire Business’ analysis of new market data.
Airless tires – Tire Technology Expo interview with Cyrille Roget, Michelin Group
Cyrille Roget, technical and scientific communication director, Michelin Group, asks if it’s time to take the air out of tires, ahead of his presentation on the company’s new UPTIS puncture-proof airless prototype at next week’s Tire Technology Expo Conference.
U.S. Dot adds 22 tire plant ID codes
WASHINGTON — The U.S. Department of Transportation issued 22 new DOT plant identification codes in the past year for tire factories worldwide, including nine in China and three in India.
Nokian Tyres becomes 13th USTMA member
WASHINGTON — The U.S. Tire Manufacturers Association has accepted Nokian Tyres P.L.C. — which opened its first U.S. factory, in Dayton, Tenn., in 2019 — as its 13th member.
Hankook touts growth plans at annual dealer event
NASHVILLE, Tenn.—Hankook Tire America plans to introduce new OE fitments and commercial truck tire products this year as its parent company continues to ramp up capacity.
Goodyear to Present at Wolfe Research Investor Conference
AKRON, Ohio, Feb. 19, 2020 /PRNewswire/ — The Goodyear Tire & Rubber Company (NASDAQ: GT) today said it will webcast its presentation at the 2020 Wolfe Research Global Auto, Auto Tech and Mobility Conference in New York on Feb. 26, 2020. Darren R. Wells, executive vice president and…
Yokohama reports 9% increase in profits
Tokyo – The Yokohama Rubber Co. (YRC) has reported higher sales and operating profit for the year 2019, helped by its ATG heavy tires unit and its non-tire business.
Sales edged up slightly over the year, to Yen650.5 billion (€5.4 billion), while operating profit increased 9.5%, to Yen58.6 billion, Yokohama reported 14 Feb.
The Tokyo-based company linked the strong growth in operating profit to a first-quarter gain on the sale of fixed assets.
Cimcorp taps new leader for U.S. operations
NORCROSS, Ga. — Cimcorp Group, a maker of robotic equipment for tire manufacturing, order fulfilment and handling, has promoted company veteran Joel Kuusman to manager of U.S. operation and technical services.