Cooper Tire & Rubber Company has completed the acquisition its Mexico joint venture tyre manufacturing facility, Corporación de Occidente S. A. de C.V. (COOCSA). The agreement to increase its shareholding from 58 to 100 per cent was announced on 1 November 2019.
After considering a number of factors, such as a changing business environment as well as growing awareness of human rights and environmental considerations, Sumitomo Rubber Group has established its own local organisation for procuring natural rubber. It has done so via its member company Sumitomo Rubber Industries, which this month set up Sumitomo Rubber Singapore Pte. Ltd. This entity, located in the world’s largest natural rubber trading hub, will commence operations in April.
Alliance Tire Americas Inc.
- Laurence Bennett hired as vice president of aftermarket sales…
On 6 January 2020, Cabot China Limited, a wholly owned subsidiary of Cabot Corporation agreed to buy Shenzhen Sanshun Nano New Materials Co., Ltd, a leading carbon nanotube (CNT) producer in China. The $115 million pricetag reportedly includes “liabilities and contingent payments”. According to the company, the move is designed to strengthen Cabot’s position in the high-growth batteries market, particularly in China, which is the largest and fastest growing electric vehicle market in the world.
San Luis Potosi, Mexico – Polish rubber parts manufacturer Sanok Rubber Co. has opened a production plant in San Luis Potosi, in central Mexico, the company has announced.
The plant was officially inaugurated in October 2019 in the presence dignitaries and customers such as Ford, BMW, Webasto, the manufacturer said in a recent statement.
Named SMX Rubber Co., the Mexican subsidiary manufactures automotive parts and delivered its first sales in August last year.
LAKEVILLE, Ind.—Continental Tire the Americas L.L.C. has promoted company and industry veteran Joerg Burfien to president of its Hoosier Racing Tire Corp. subsidiary, succeeding the retiring John DeSalle.
Burfien has been with Continental in various management positions since joining the company in 1998 through the international trainee program. Most recently, he was head of global standards and regulations for Continental’s Tire Division worldwide.
And as a new year approaches, the winds of change often pick up gale-force strength.
TOYKO—Bridgestone is promoting Paulo Ferrari to president, CEO and chief operating officer of Bridgestone Americas Inc.
TOKYO — Bridgestone Corp. has promoted Shuichi Ishibashi — a 41-year company veteran who held senior executive roles at the company’s North American operations throughout the 1990s — to CEO, succeeding Masaaki Tsuya, who’s held that position since 2012.
AKRON, Ohio, Dec. 9, 2019 – Hera Kitwan Siu, chief executive officer, Greater China, for Cisco Systems, Inc., has been elected to the board of directors of The Goodyear Tire & Rubber Company.
“We are pleased to welcome Hera Siu to the Goodyear Board of Directors,” said Goodyear Chairman, Chief Executive Officer and President Richard J. Kramer. “Hera is a dynamic and transformative leader who has spent her career breaking new ground, launching innovative go-to-market strategies and growing companies. As we continue to position Goodyear as a leader in the future of mobility, her extensive technology background and deep knowledge of the China marketplace will be extremely valuable to the company and its shareholders.”