DETROIT (Reuters) – Auto parts suppliers across North America said they are encouraged as major automakers accelerate production after coronavirus pandemic shutdowns, but are holding back on hiring and investment because of longer-term uncertainty. U.S. automakers reopened most assembly plants in late May after states began loosening restrictions, and stronger-than-expected retail auto sales in May have automakers ramping up production of the highly profitable trucks and SUVs consumers are buying. However, several auto suppliers interviewed by Reuters worry about demand heading into 2021. U.S. and global auto sales are not expected to recover to pre-COVID-19 crisis levels until 2022 …
Finnish automated equipment specialists Cimcorp has separated its tyre manufacturing and warehousing/distributions sales teams due to increased demand. The new structure of system sales at Cimcorp’s headquarters, which is effective from the beginning of June, is designed to “support the company’s growth and form the basis for…continuing development”.
Yokohama Tire announced it has reopened its tire manufacturing plant in Salem, Virginia on June 1.
Yokohama Tire Manufacturing Virginia was closed as a precautionary measure to stop the spread of the COVID-19 virus.
As the factory reopens, the company has implemented several new safety procedures and protocols to ensure the health and welfare of all personnel upon their return.
Cooper Tire & Rubber Company has restarted production in El Salto, Mexico, on a limited basis.
New health and safety measures have been put in place including employee health disclosures, increased cleaning and disinfection, social distancing and physical barriers, and visitor restrictions.
Similar procedures have been put in place at plants in China, the USA and Serbia, which have reopened following temporary closures.
MEXICO CITY (Reuters) – French tire maker Michelin resumed operations at its two plants in Mexico on Monday, saying that activity will be staggered at first. The Mexican government’s decision to classify the automotive industry as an essential activity made it possible to restart operations, Michelin said in a statement. The company, which reported an 8.3% drop in first-quarter sales worldwide, said it will resume operations in Mexico “based on production demand.”
Following Continental’s first quarter 2020 financial results and reports that the company is preparing to cut its R&D budgets and European tyre production, Tyres & Accessories asked executives at the company’s Hanover, Germany headquarters to comment on the proposals.
In response to the widespread economic crisis caused by the COVID-19 pandemic, the U.S. Tire Manufacturers Association (USTMA) has revised its February 2020 U.S. tire shipment projections to better reflect the impact of the pandemic on the tire manufacturing sector. This update is being shared in advance of the triannual forecast customarily conducted in July.
Bridgestone Americas (Bridgestone) is executing the final phase of a restart plan for its manufacturing operations in North America and Latin America, that began the week of May 11.
The company is targeting the end of May for its North American passenger tire plants and all manufacturing facilities in Latin America to resume operations. The ramp-up of these remaining production facilities will bring all Bridgestone Americas manufacturing locations back into operation, the company says.
Cooper Tire announced that its manufacturing plants in the United States and Serbia will begin the process of reopening and ramping up production next week.
The facilities have been temporarily closed for approximately five weeks due to coronavirus and its impacts. U.S. plant locations include Findlay, Ohio; Clarksdale and Tupelo, Mississippi and Texarkana, Arkansas. The company’s plant in Melksham, England remains temporarily closed.
WEST POINT, Miss. — Yokohama Corp. of North America soon will restart production at its commercial tire plant in West Point.