Bridgestone switching Indian operation to EMEA region

Brussels – Bridgestone Corp. is reorganising its strategic business units (SBUs) with the separation of India from the Asia-Pacific region as of 1 Jan 2020, the Japanese tire & rubber company announced 8 Nov.

Under the rejig, the Bridgestone India operation will join the company’s EMEA business unit, which is being renamed Bridgestone Europe, Russia, Middle East, India and Africa (BSEMIA).

Read the source article at European Rubber Journal

Cooper Standard to shut down 10 facilities as part of restructuring effort

NOVI, Mich.—Cooper Standard intends to implement several restructuring initiatives to its global operations, including the closure of 10 global facilities.

Read the source article at Rubber and Plastics News

Commerce finds no dumping from two Chinese OTR tire makers

curata__I8BZ2ig5Fu3NrHV.jpeg

WASHINGTON — Two Chinese producers of off-the-road tires did not sell their products at less than fair value in the U.S. between Sept. 1, 2017, and Aug. 31, 2018, the U.S. Department of Commerce ruled.

Read the source article at Tire Business

Cooper Tire announce plans to own 100% of Mexico tire facility

curata__J9LmwHEtzFJOD5w.jpeg

Cooper Tire announced it plans to increase ownership in its Mexico joint venture tire manufacturing facility, Corporación de Occidente S.A. de C.V. (COOCSA), from 58 percent to 100 percent.

Trabajadores Democraticos de Occidente S.C. de R.L. de C.V. (TRADOC), which owns 42 percent of the joint venture, have entered into a definitive agreement under which Cooper Tire will purchase TRADOC’s stake in COOCSA.

Read the source article at Traction News

Covestro completes sale of European PU business

curata__ktxZLJZFpsFvzEF.jpeg

HAMBURG, Germany—Covestro A.G. has completed the sale of its European polyurethane systems house business to a U.S. private equity firm, and the new business now has a new CEO and a new name: Plixxent.

Read the source article at Rubber and Plastics News

TIA Honors HOF, Leadership Award Recipient at Industry Honors Ceremony

curata__G90sHM9O9xkvx0E.jpeg

The Tire Industry Association (TIA) honored its Hall of Fame recipients and Ed Wagner Leadership Award Winner at the Tire Industry Honors Event Nov. 4 at Caesar’s Palace.

Brent Hesje, CEO of Fountain Tire, and Frank Holeman, director of the Tire Industry Safety Council, were inducted into the Tire Industry Hall of Fame. Edward A. Burleson, Sr., owner and president of Central Marketing, was recognized with the Ed Wagner Leadership Award.

Read the source article at Tire Review

TIA president reflects on ‘challenging’ term

curata__NqszgpUVI6mAArf.jpeg

BOWIE, Md. — John Evankovich, who is set to conclude his tenure as Tire Industry Association (TIA) president, reflects on what he calls “a challenging year, but very fulfilling” year.

Read the source article at Tire Business

Pirelli cuts guidance, delays business plan in worsening scenario

Adding to a string of auto parts suppliers hit by prolonged industry weakness, Pirelli said it forecast a full-year margin on its adjusted earnings before interest and taxes (EBIT) between 17% and 17.5% versus an already lowered previous target of 18-19%.

Pirelli, which makes tyres for Formula One racing teams and premium automakers such as BMW and Audi, said in a statement it cut its guidance after facing greater fixed costs as it lowered production to reduce inventories.

Read the source article at Stock Market Quotes and News

Camso, U.S. dealers team up to support pancreatic cancer nonprofit

curata__yvfRzDAKnxggi6e.jpeg

MAGOG, Quebec — Industrial tire and track producer Camso Inc. teamed up with 24 of its dealer/distributors throughout the U.S. in August and September to raise funding for the Pancreatic Cancer Action Network.

Read the source article at Tire Business

OTDA Names New Board

curata__UVniBaxGoy0Dq5u.jpeg

The Ontario Tire Dealers Association (OTDA) represents approximately 500 Ontario independent tire retailers.

The OTDA recently announced the appointment of the following board members:

President – Bob Bignell, Veritech Mfg. & Wholesale Inc

Vice President – Harold Boake, Steelcase Tire

Secretary – Rejean Murry, O.K. Tire Service (Val-Rita)

Treasurer – Glenn Warnica

Additionally, elected to the board:

Jim Taleporos – Midas Canada Inc.

Bruce Barnim – Tirecraft Ontario

Read the source article at Autosphere.ca