Mergers, acquisitions help to define 2018

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Merger-and-acquisition activity soared to unprecedented heights in 2018, especially in the North American wholesale and retail sectors.

Read the source article at Tire Business

2018 Top 10: Raw material volatility

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Prices for raw materials continued to increase in 2018, causing a widespread impact throughout the tire and rubber industries in our No. 3 story of the year.

Read the source article at Rubber and Plastics News

Year in Review: Doublestar, Kumho complete merger after failed attempt in 2017

At the end of 2017, two strong global tire manufacturers almost linked up to form a major player in the industry.

Qingdao Doublestar Industrial Co. Ltd. didn’t give up, and in July finalized a deal to acquire Kumho Tire Co. Ltd. in a $607 million deal, giving it a 45 percent stake and control of South Korea’s second-largest tire maker.

Read the source article at Rubber and Plastics News

Wanli sets up U.S. unit to handle truck/bus tire sales in North America

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ONTARIO, Calif. — Wanli Tire Corp. Ltd., China’s 19th largest tire maker, has established a U.S. sales office — in partnership with Aufine Group Co. Ltd. — in Ontario to handle sales of Wanli-brand truck and bus tires in the U.S., Canada and Mexico.

Read the source article at Tire Business

Magna opens regional office in South Africa

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JOHANNESBURG, South Africa — Off-the-road tire specialist Magna Tyre Group has opened a regional office in Waterfall City, part of the Johannesburg metropolitan municipality.

Read the source article at Tire Business

Russian investment group seeks to exit Voltyre venture with Titan

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QUINCY, Ill.—An affiliate of Russian Direct Investment Fund, one of three shareholders of Voltyre-Prom, has notified Titan International it is exercising a put option on its share in the Russian tire maker, which could be worth up to $76.2 million.

Read the source article at Rubber and Plastics News

Conti, Pirelli raise North America tire prices

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Fort Mill, South Carolina – Tire price hikes continue in North America as Continental and Pirelli announce plans to raise tire prices in the region.

In an 8-Nov statement, Continental Tire the Americas LLC said it planned to raise prices on Continental- and General-branded passenger and light truck tires sold in the US market, effective 7 Jan.

Read the source article at European Rubber Journal

Mitsubishi’s increased stake in Toyo increases tire maker’s ability to compete globally

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TOKYO—Japanese conglomerate Mitsubishi Corp. and Toyo Tire & Rubber Co. Ltd.

Read the source article at Rubber and Plastics News

Conti takes full ownership of Sri Lankan tire maker Eu-Retec

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KALUTARA, Sri Lanka — Continental A.G. has acquired full ownership of Sri Lankan solid tire maker Eu-Retec (Pvt) Ltd., buying the 49-percent stake it didn’t own from the company’s managing director.

Read the source article at Tire Business

Michelin ranks high in attracting young talent

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GREENVILLE, S.C.—When it comes to attracting young talent, Michelin North America is among the best, according to Forbes magazine, which recently named the Greenville-based tire maker one of the “Best Employers for New Grads.”

Read the source article at Rubber and Plastics News