Tyre maker Bridgestone has opened a distribution warehouse in Ancaster, Ontario, which it said it will better serve the market in eastern Canada. The facility, which represents an investment of CAN$65m ($48m), has a storage capacity of 570,000 tyres and will reduce transport costs and shorten delivery times, according to the Bridgestone.
Donald “Ryan” Loethen, a veteran of the ag tire business, has been named president of CEAT Specialty Tires Inc. , and will be responsible for sales in North and Central America. He will be based out of Jefferson City, MO.
Before joining CEAT, Loethen was agricultural business manager, key account manager and sales process training manager for Michelin Agriculture North America. Prior to joining Michelin, Loethen was an officer in the United States Army.
Michelin North America announced that Purcell Tire & Rubber Company (Purcell Tire) will join the Michelin Commercial Service Network (MCSN) and Michelin Retread Technologies (MRTI) and Oliver Rubber Company, LLC (Oliver) retreading networks.
With 65 service locations and five retread plants in 15 states, Purcell Tire is one of the top 10 independent commercial tire dealerships and the largest retreader for Off-the-Road (OTR) tires in North America.
Alliance Tire Americas is now Yokohama Off-Highway Tires America (YOHTA), the U.S. sales and marketing arm of Yokohama Off-Highway Tires (YOHT).
Yokohama Rubber, created YOHT to consolidate its off-the-road (OTR) tire businesses across the globe with the Alliance, Galaxy and Primex brands it acquired when the company purchased Alliance Tire Group (ATG) four years ago.
Fiat and Peugeot’s merger is inevitable, Mitsubishi dealers are very excited about the new Outlander, and Tesla. All that and more in The Morning Shift for December 21, 2020. Reuters had the story in October about the European Union’s final approvals, and Bloomberg says today that the merger officially is good to go. When consummated, FCA-PSA will be the fourth-biggest automaker. It is called “Stellantis” for some reason.
The Goodyear Tire & Rubber Co. announced several new commercial product lines to be launched in 2021 during its virtual customer conference held Dec. 7.
The new tires are intended for the long-haul, regional/urban and mixed- service segments.
Cambridge, Ontario; November 26, 2020— The Tire and Rubber Association of Canada (TRAC) today announces a new board member and a new board chair, following the resignation of Tony Mougios of Michelin North America (Canada) Inc. Dr. Antoine Sautenet of Michelin was elected as a Director to complete Mr. Mougios unexpired term and elected 2nd Vice-Chair of the Board. Maureen Kline of Pirelli moves into the role as Chair of the Board, Paul Downey of Pliteq becomes 1st Vice Chair and Matt Livigni of Continental Tire remains as Treasurer.
FLORHAM PARK, NJ, September 1, 2020 – Effective October 1, 2020 or as existing contracts permit, BASF Corporation will increase prices in North America for 1,4-Butanediol (BDO) and derivatives.
Product Price Increase
1,4- Butanediol (BDO) $0.05 / lb
Gamma-butyrolactone (GBL) $0.05 / lb
Tetrahydrofuran (THF) $0.07 / lb
N-methylpyrrolidone (NMP) $0.05 / lb
Polytetramethylene ether glycol (PolyTHF®) $0.07 / lb
BDO and its derivatives are used for producing engineering plastics, polyurethanes, solvents and elastic spandex fibers.
Bridgestone Americas (Bridgestone) today announced leadership changes to drive operational excellence and strengthen the company’s position as a global leader providing sustainable mobility and advanced solutions. The following changes take effect December 1, 2020.
Bridget Neal, currently president of the company’s Off-the-Road (OTR) tire business in the U.S. and Canada, has been promoted to senior vice president, logistics and supply chain management (LSCM), Bridgestone Americas. In this role, Neal will oversee the company’s global supply chain, designing and implementing supply and distribution strategies that enable business growth and improve product cycle time.
MILAN, Nov 11 (Reuters) – Italian tyre-maker Pirelli on Wednesday lowered its margin forecast for this year, citing continuing uncertainty in light of the second wave of the COVID-19 pandemic.
The manufacturer of tyres for Formula One and high-end carmakers such as BMW and Audi said the 2020 market outlook had improved in the North America and Asia-Pacific regions.
“But the outlook (is) cautious for Europe because of recent anti-COVID measures following the resurgence of the pandemic,” it said in a statement.
The group guided for a 2020 full-year margin on its adjusted earnings before interest and tax (EBIT) of 11.5-12%, against a twice-trimmed previous forecast of 12-13%, to account for the impact of exchange rates, raw materials and other costs.