Fintyre Group names Passerini as CEO

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Having recently rebranded as Fintyre Group, the European tyre distribution specialist reports that it is also implementing a leadership succession plan.

Mauro Pessi will continue to be involved as executive chairman. As a board member the company says he will contribute to the long-term strategic direction of the company, working in close cooperation with Bain Capital.

Read the source article at Tyrepress

Nokian inaugurates US tire plant

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Dayton, Tennessee – Nokian Tyres plc has commissioned production at its Dayton passenger/light truck tire factory two years after breaking ground on the $360 million (€330 million) project.

Nokian Tyres CEO Hille Korhonen and other Nokian executives attended the opening ceremony for the factory, the company’s third overall and first outside of Europe, on 2 Oct.

Read the source article at European Rubber Journal

Rapidly changing tire industry reliant on diverse skill sets

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AKRON—While the tire industry is watching developing megatrends like electric and autonomous vehicles, it should focus on realistic usage and bringing in new skills, said Robert Asper, director of core system engineering, product development for Bridgestone Americas.

Read the source article at Rubber and Plastics News

Ford Gives Majority Control of India Operations to Mahindra

Ford is selling its India assembly plants to Mahindra and entering a joint venture with the automaker, effectively ending the U.S. brand’s independence in India after 24 years. In September 2017, months after General Motors announced it would pull out of India by that year’s end, Ford sought Mahindra to help Ford’s distribution within the country and co-develop new vehicles for India and emerging markets.

Read the source article at Car Reviews

Orion expands roles for executive team

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HOUSTON—Orion Engineered Carbons has made changes to the roles of three members of its executive management team.

Read the source article at Rubber and Plastics News

Bridgestone EMEA targets ‘emerging market’ with new appointment

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Brussels – Bridgestone Europe has appointed Mete Ekin, formerly regional managing director Middle East and Africa, to the position of VP Bridgestone emerging markets, effective 1 Oct.

In the newly created position, Ekin will oversee ‘emerging markets’ including Bridgestone EMEA’s  businesses in Africa, the Middle East, and Russia, the Japanese tire maker announced 1 Oct.

Read the source article at European Rubber Journal

Continental to close plants in Europe, U.S.

Continental plans a decade-long restructuring plan that will lead to the closure of plants in Europe and the U.S. in an effort to restore profits as vehicle production slows in key markets. The supplier did not say how many jobs would be lost but it estimates that globally 20,000 of its 244,000 positions will be affected by job cuts or job creation and the sale or transfer of parts of the business.

Read the source article at Automotive News Europe

Goodyear offering contract buyouts at US tire plant

Akron, Ohio — Goodyear has begun offering voluntary buyouts to certain employees at its Gadsden, Alabama, tire plant as part of the company’s strategy to strengthen its US competitiveness.

Goodyear disclosed the plan in a 8K filing with the Securities and Exchange Commission, stating that the move aimed to curtail the production of tires for less profitable segments of the tire market.

Read the source article at European Rubber Journal

Koetz: Continental still focused on expansion

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Frankfurt, Germany – Continental Corp. is continuing to expand its tire business into new regions despite current market challenges, according to Christian Koetz, head of the tire division and corporate purchasing.

As part of the Vision 2025, the German Tier 1 has been expanding its global footprint, and in its latest move, the tire maker is set to start production of truck tires in Bolton, Mississippi, later this year.

Read the source article at European Rubber Journal

Monolith Materials hires new chief commercial and supply chain officer

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A manufacturer of natural gas-based carbon black, Monolith Materials has named Chris Cornille as its chief commercial and supply chain officer. Cornille has more than 33 years of experience in the specialty chemicals industry, including his most recent role as senior vice president of supply chain services for SI Group. He has also worked in various leadership positions in sales, marketing and general management at Cabot Corporation.

Read the source article at Tire Technology International