GRANBY, Quebec—Continental’s ContiTech division has completed a project at its hose factory in Granby that makes production there largely automated.
The company’s financial statement, released Aug. 5, attributed much of the decline to lower margins in China and the global automotive slowdown.
MONROVIA, Calif. — Double Coin Holdings Ltd. and its CMA L.L.C. subsidiary have named Anthony Cresta as product manager. In his new role, he will be responsible for product support within the Double Coin OTR and industrial tire lines.
Nokia, Finland – Nokian Tyres plc has reported a 12.5% year-on-year decline in first half operating profit at €148 million, on 0.3% lower sales of €763 million.
The Finnish tire maker linked the decline in sales to weak car and tire sectors in Europe, which offset gains in the heavy tire segment during the first six months of the year.
“The competitive landscape in the Central European replacement car tire market is tight due to weakness in the OE segment, as there is a high supply of…
Nokian Tyres has started construction on an administration building at its new factory in Dayton, Tennessee, its first production facility in North America.
The building will include meeting spaces, offices, a gym, garden and other amenities.
Nokian Tyres is partnering with EMJ Construction to construct the facility, which is scheduled for completion in mid-2020.
GREENWOOD VILLAGE, Colo. — Big O Tires and Midas International franchisee Leeds West Groups has hired former Bridgestone Americas executive Derek Wessels to be its chief operating officer, overseeing LWG’s three automotive divisions.
TOKYO — Bridgestone Corp. has revised downward its earnings and sales forecasts for the full fiscal year after reporting a 20.6% drop in first-half operating income along with lower sales.
Tokyo — Yokohama Rubber Co. Ltd.’s operating and net income fell during the six months ended 30 June due to increased manufacturing and logistics costs and the negative effects of lower unit sales volume.
Sales revenue grew 0.5% during the period as higher revenue in the firm’s industrial rubber products and ATG off-road tire unit offset lower revenue in the tire business unit, Yokohama reported 8 Aug.
Continental has opened a new US$10m Advanced Indoor Evaluation Center at its Uvalde, Texas proving ground to increase the speed at which it develops new technologies. The facility closely mimics Continental’s other worldwide indoor test centers and will provide additional capacity to the tire maker’s other test sites.
MAHARASHTRA, India—Off-highway tire manufacturer Balkrishna Industries is suspending its plans for a U.S. tire factory, citing business uncertainties related to difficult macroeconomics and volatile climate conditions.