Turin, Italy – Pirelli is celebrating “110 Years of Motorsport” this year. Renowned for supplying top racing teams with high-performance tires, Pirelli first entered the motorsport world back at the end of the 19th century when the company’s founder, Giovanni Battista Pirelli, realized that motorbike races could serve as a testing ground for his consumer level products.
As a business leader and manager, you’re tasked with many of the same duties as professional politicians – building consensus, communicating a shared vision, dealing with the public and staying visible within your community.
And as a tire dealer, you have far more political expertise and influence than you may realize. Your voice, experience and wisdom are highly valuable to your community and your industry. From serving on boards and councils locally to speaking on industry issues before the House and Senate – even running for office – tire dealers have a reputation for getting involved.
ANDERSON, Ind. — A company that imports tires from China has purchased a former General Motors plant in Indiana as a site to service its business customers.
Anderson economic development director Greg Winkler says Houston-based Sutong China Tire Resources is in the process of upgrading the 330,000-square foot building.
Resource Commercial Real Estate says the company plans to have 20-40 workers at the site, where it will service the utility and RV trailer industry, large retail chain stores and independent tire retailers and wholesalers. The (Anderson) Herald Bulletin reports no financial details were released.
In Toyo Tire & Rubber Co. financial results for fiscal year 2016, the tiremaker reported decreased tire sales overall, but an increase in unit sales in the overseas replacement market.
According to the report, Toyo’s tire business net sales decreased 6.7% year-over-year to 381,635 million yen (approximately $3.34 billion) in 2016, while operating income decreased 21.7% to 45,405 million yen ($397 million). Toyo attributed this decrease in net sales to net to a strong yen and other factors.
WASHINGTON (Feb. 15, 2017) — The U.S. Department of Transportation issued 22 new DOT plant identification codes in the past year for tire factories worldwide, including 14 for plants in China.
Tire manufacturers wishing to sell tires intended for use on U.S. roadways must have a DOT code for each plant, and that code must be molded into the sidewalls of each such tire.
Of the new codes issued, only one—for Yokohama Tire Corp.’s truck tire plant in West Point, Miss.—is in North America.
The latest additions to France’s prestigious Michelin Guide were revealed Thursday in Paris. Only one restaurant was added to the three-star list: Le 1947 in the exclusive ski resort of Courchevel.
Head chef Yannick Alleno reacted to the award by tweeting that he was “beyond happiness,” and congratulated his teams both at Le 1947 and at his Paris restaurant Le Pavillon Ledoyen, which already holds three Michelin stars.
Michael Ellis, the American-French head of the Michelin Guide, called the cuisine at Le 1947 “extremely technical, creative and tasty.” Menus there range from 127 to 450 euros ($135-480), not including wine, and feature dishes such as steamed scallops with celery extract and caviar.
While Alleno’s house was the only restaurant in France to receive a third star this year, 12 were added to the two-star list and 57 to the one-star list. In total, France now has 27 one-star restaurants, 86 with two stars and 503 one-star locations.
The Paris hotel Le George V was already home to a three-star restaurant, but won stars for two others within its house, making it the first hotel in Europe to boast three Michelin-starred restaurants.
It’s happening! The USITC has this week confirmed it believes the U.S. tire industry is being “materially injured” by imports of off-the-road tires from India and Sri Lanka, upholding a finding of the Department of Commerce.
As a result, some Indian OTR tire manufacturers (although, significantly, not BKT’s Balkrishna) will pay a 3.67 percent anti-dumping tariff.
BKT will pay countervailing duties of 5.36 percent though. Alliance Tires Pvt. Ltd. will pay 4.9 percent and all other Indian tire manufacturers will pay a 5.06 percent tariff.
Sri Lankan tire makers will pay countervailing duties of 2.18 percent.
The USITC and DOC found that tires are being sold in the United States at less than fair value and were being subsidized by the governments of India and Sri Lanka. The anti-dumping duty order on imports of these products from India and countervailing duty orders on imports of these products from India and Sri Lanka is designed to counter that.
Tires that entered the United States from these countries prior to June 20, 2016, will not be subject to retroactive countervailing duties.
Off-the-road tire manufacturers and their tire dealer customers continually monitor the construction and mining industries to gather and analyze data to help determine how their businesses are likely to fair in the coming year(s).
If mining and construction activities look to have banner years, for example, it’s likely original equipment and replacement tire demand will be strong.
Conversely, if mining and construction are looking to be weak, tire demand is likely to be down as well.
This year, the OTR tire business has a wildcard to consider: the Donald Trump effect.
During his presidential campaign, Mr. Trump proposed investing $550 billion in federal funds, likely over five years, in infrastructure and public works projects, according to forecasters Dodge Data & Analytics.
As one tire industry executive put it: If the federal government hikes funding for highway projects that should also give a boost to the tire business.
KOCHI: The Trump effect seems to be rubbing off on the Indian tyre industry. Following US President Donald Trump’s tariff threat on tyres from China, there is likely to be a simultaneous surge in imports of Chinese tyres in India.
The Trump effect, coupled with the fact that natural rubber prices have climbed another 7% to touch Rs 160 per kg during the week keeping in step with global market trends, is likely to force the local tyre industry to raise the prices of tyres.
FINDLAY, Ohio, Feb. 6, 2017 /PRNewswire/ — Tire problems resulting from roadside hazards like potholes, nails and glass are frustrating under the best of circumstances, even more so when a tire has substantial life left and is in otherwise good condition. Recognizing that roadside hazards are a part of driving, Hercules® Tires has significantly expanded its Road Hazard Protection Program. The new program offers free tire replacement for two years after purchase, or the first 50 percent of a tire’s tread life, if a tire is damaged due to a road hazard. For the first time, this policy protects all new Hercules passenger and light truck tires, including mud and commercial traction tires.
“For years, our customers have been able to count on Hercules Tires for outstanding road hazard protection coverage,” said Jedd Emans, vice president of marketing for the Hercules brand. “We don’t know of any other company offering the breadth and depth of coverage that we do now. The enhancements we made should help consumers feel more comfortable than ever choosing our tires.”