Continental is investing approximately $12 million in its ContiTech PVC hose business in North America and is expanding its manufacturing capabilities and production capacities into a new state-of-the-art competence center at its upgraded plant in Mount Pleasant, Iowa, to modernize the industry hose production.
ATLANTA — Apollo Tyres Ltd. has taken one of the first major steps to increasing its presence in the U.S. — relocating its North American corporate headquarters to Atlanta from Metuchen, N.J.
Nokian Tyres is building its first North America-based plant in Tennessee. The plant represents a $360 million investment from the tiremaker and is set to break ground in Dayton, Tenn., in early 2018.
Expected to begin production in 2020, the plant will produce 4 million tires annually, with room for future expansion. Additionally, the site will house a distribution facility with storage capacity of 600,000 tires.
NASHVILLE, Tenn. — Bridgestone is marking the 60th anniversary of its Bandag retreading business unit with the launch of a global campaign designed to reinvigorate the retread category.
ORLANDO, Fla.—Bridgestone Corp., Hankook Tire Co. Inc., Kumho Tire Co. Ltd. and Michelin North America Inc. all earned “Supplier of the Year” honors for 2016 from General Motors Co. at the car maker’s recent annual awards ceremony.
TORONTO — Linamar Corp. is a perfect poster child for globalization. Founded by a refugee fleeing Soviet aggression in his native Hungary, the Canadian auto-parts maker has 24,500 employees spread around 12 countries. Its supply chain weaves in and out of dozens of nations — a single part can cross seven borders before finding its final home in a completed vehicle.
Going global has paid off handsomely. The C$3.75 billion ($2.8 billion) company just posted its 22nd quarter of double-digit earnings growth and investors have been rewarded: Shares have soared almost 30-fold since its low after the financial crisis in 2008.
Enter Donald Trump. The U.S. president’s election is the latest in a string of populist, anti-globalization events. On Monday he lashed out against Canada’s support for domestic lumber and dairy industries after calling the North American Free Trade Agreement a “disaster.” A renegotiation of the free trade pact is looming and House Speaker Paul Ryan is pushing a 20 percent border tax.
Linamar CEO Linda Hasenfratz, 50, is undaunted. …
DETROIT – The automobile industry these days increasingly prefers the open collar to a necktie and it is not just fashion statement, leading executives say, but a cultural shift steadily making engineering jobs in Detroit and Stuttgart more attractive to young talent previously drawn to the laidback lure of Silicon Valley.
“It’s on the way back,” saysVice President and Chief Technology Officer Jon Lauckner, who also heads the automaker’s venture-capital arm where he has an umpire’s view of startup and investment activity. “People are rediscovering the auto industry.”
Lauckner recalls launching GM Ventures nearly seven ago and “counting on one hand” the number of startups relevant to automotive, whereas today there is a hum of activity in highly germane fields such as artificial intelligence, microprocessors and materials science.
The majority of automobiles in the U.S. carry all-season tires. Enthusiasts sometimes refer to them by another name — no-season tires — as most don’t perform particularly well in either the summer or the winter, sacrificing top-level performance in order to work marginally well in all conditions. In Europe, it’s all about summer tires. If you live where it gets cold and snowy, you buy a second set of dedicated winter tires.
Many European drivers wouldn’t put up with the typical U.S-spec all-season tire’s braking and handling characteristics in warmer weather but still need a proper winter-rated tire. Michelin claims to have the answer with their latest European-market CrossClimate (and the updated CrossClimate+). I hit up the Michelin North America (NA) communications team for further information and to see if this new tire has a place on our side of the Atlantic.
UVALDE, Texas, April 5, 2017 /PRNewswire/ — Continental has announced the investment of approximately $10 million in a new indoor tire test center located in Uvalde, Texas, at the company’s U.S. proving grounds.
“The new test center will support our vision of being the preferred technology partner for Continental’s Original Equipment customers for tires, as well as increasing our speed in developing new technologies specifically designed for the Americas market,” said Dr. Boris Mergell, head of research and development for Passenger and Light Truck Tires at Continental.
Strategically located on Continental’s proving grounds for tires in Uvalde, the new test center is designed to provide indoor test capacity for all tires manufactured in Continental’s North and South American plants.
“Our developments for Original Equipment customers in the Americas will be positively impacted, as we will be able to increase our testing capacity in the region,” said Dr. Juan Botero, vice president of key account management for Original Equipment Passenger and Light Truck Tires for Continental Tire the Americas. The test facility is expected to be fully functional in April, 2019.
As Sumitomo Rubber USA prepares for the first phase of a major expansion of its Tonawanda tire plant, company officials are asking for sales and property tax breaks to assist the costly project.
A subsidiary of the Japanese company has applied to the Erie County Industrial Development Agency for an incentive package that includes $245,000 in sales tax breaks on materials purchase and a payment-in-lieu-of-taxes plan for the property, located on a vacant courtyard at 3333 River Rd. and 10 Sheridan Drive.
Sumitomo in October 2015 took full control of the former Goodyear Dunlop Tires North America plant, after buying out its longtime partner.
Now the tiremaker plans to double its consumer production capacity in Tonawanda from 5,000 per day to 10,000 by 2019, and eventually to 17,000. It wants to invest $87 million over the next three years, so it can make more of its tires locally for the North American market rather than importing them from its production facility in Thailand.
To do so, though, it needs additional facilities to increase its manufacturing footprint and add equipment for mixing, bead building, tire building, curing, finishing and extrusion. Plans call initially for the construction and equipping of a 35,000-square-foot building to meet that demand, since the current facilities are full. …