The COVID-19 pandemic has had a significant impact on global car and tire demand. Despite this, Nokian Tyres’ short-term priorities are clear: “We will continue to provide our customers and consumers with world-class products and services, while at the same time keeping costs under strict control. We will prioritize cash flow by cutting back investments and actively managing working capital,” says Jukka Moisio, President and CEO of Nokian Tyres. “In this volatile market environment, our focus in the second half of 2020 is tactical. A more thorough review of our longer-term growth strategy will take place once the market has stabilized.”
After 100 days as the President and CEO of Nokian Tyres, Jukka Moisio will share his initial observations on Nokian Tyres’ business in the current market situation and the company’s immediate priorities in a conference call, including a Q&A session, on Tuesday, September 8, 2020 at 3:00 p.m. Finnish time.
Milan, 23 July 2020 – In line with that which was announced to the market on July 15, 2020, the Board of Directors of Pirelli, which met today, has constituted at the proposal of the Executive Vice Chairman and CEO, Marco Tronchetti Provera, and reporting directly to him, the Office of General Manager co-CEO, entrusted to Angelos Papadimitriou. It will be effective from August 1, 2020.
Cambridge, Ontario; April 23, 2020—Tire and Rubber Association of Canada (www.tracanada.ca) announces appointment of Bridgestone’s Darious Naylor as member of the board.
“Darious will contribute a unique strategic vision and executive insights to our organization. His appointment as board member reflects on his experience and leadership as a consummate industry professional,” says Glenn Maidment, TRAC’s President.
Naylor joined Bridgestone in 2016, and…
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.