Phoenix Investors Acquires Former Titan Tire Plant

MILWAUKEE , Nov. 23, An affiliate of Phoenix Investors (” Phoenix “), a national private commercial real estate firm headquartered in Milwaukee, Wisconsin , announced its acquisition from Titan International, Inc. (“Titan”) of its former plant in Brownsville, Texas . The plant is located at 6700 Paredes Line Road (“Property”) and totals approximately 1,040,000 square feet on 108 acres. The Property was originally built in 1997.

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Bridgestone Illinois Plant Celebrates 55 Years

Bridgestone Americas, Inc.‘s OTR plant in Bloomington, Illinois, is celebrating 55 years of operations this year.

The Bloomington Tire Plant began manufacturing tires in 1965 and today employs 450 people, many of whom are the second generation of their families to work in the plant, Bridgestone says. Currently, three employees are sons of employees who worked at the Bloomington Plant in 1965.

Read the source article at Tire Review

Pyrolyx USA Indiana files for bankruptcy

Pyrolyx USA Indiana LLC Thursday filed for Chapter 7 bankruptcy — a liquidation bankruptcy — in the U.S. Bankruptcy Court District of Delaware.

The company lists debt to creditors at more than $49.9 million.

While the company lists more than $61.14 million in assets, more than $58.5 million is in machinery and equipment and land. Included in that, Pyrolyx lists the value of its plant and land at 4150 E. Steelton Drive in Terre Haute as $7,562,202, according to its bankruptcy court filing.

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Are Democrats in Better Car-Buying Mood Than Republicans?

U.S. car dealers may see an increase in Democratic shoppers and, conversely, a decrease in Republican purchase intenders because of the results of the Nov. 3 presidential election, says Charlie Chesbrough, Cox Automotive’s senior economist.

“Democrats may be more likely to buy a vehicle” because they’re elated that Democrat Joe Biden is President-elect, he says, even though incumbent Donald Trump has yet to concede.

 

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Yokohama Enters New Porsche Race Series Partnership

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Yokohama Tire and Porsche Motorsport North America (PMNA) have announced a new racing series and partnership with the United States Auto Club (USAC).

Yokohama will be the official tire partner and presenting sponsor for the USAC-sanctioned 2021 Porsche Sprint Challenge North America by Yokohama. Yokohama’s ADVAN A005 and A006 race slicks will be the spec tires for the nine-race, one-make series, which kicks-off March 5-7, 2021 at Sonoma Raceway.

Read the source article at Tire Review

TIA Gives Legislative Update at Honors Ceremony

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The Tire Industry Association‘s Roy Littlefield III, CEO, and Roy Littlefield IV, director of government affairs, updated TIA members on key legislative issues that the organization is following for its members during Monday’s Tire Industry Honors Ceremony.

 

 
 

Read the source article at Tire Review

Sustainable rubber ingredient maker Bolder in talks to go public: sources

(Reuters) – Bolder Industries has signed a letter of intent (LOI) to merge with blank-check acquisition company GigCapital2 Inc GIX.N in a deal that would take the U.S. sustainable rubber ingredient manufacturer public and value it at close to $900 million, including debt, people familiar with the matter said on Monday.

It would be the latest deal by a blank-check vehicle, or special-purpose acquisition company (SPAC), for an environmentally focused business, following mergers for bioplastics company Danimer Scientific and Agricultural technology firm AppHarvest.

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Vipal Machinery expands its retreading equipment business in the U.S.

Vipal Machinery, Vipal Rubber‘s unit responsible for developing tire retreading equipment expands its American market. Four major North American retreaders acquired five pieces of machinery this year from Vipal Machinery´s portfolio.

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Pirelli reboots its R&D to stay on track through the pandemic | Reuters

MILAN (Reuters) – When the coronavirus pandemic forced Italian tyremaker Pirelli PIRC.MI to temporarily shut its factories in March, R&D chief Pierangelo Misani needed a rapid rethink. With a new range of products due to be launched by early next year at the latest, Misani scrambled technicians and IT teams to get more research and development shifted online so locked down engineers could test materials and tyres virtually.

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Advanced Tires Market Projected To Hit $1,349.7 Mn By 2030 | Analysis, Sales Revenue, Key players & Future Investment

PORTLAND , OREGON, UNITED STATES, September 24, 2020 / EINPresswire.com / — According to the report published by Allied Market Research, the global advanced tires market for advanced tires is expected to reach USD 1.34 billion by 2030.

Read the source article at EIN Newsdesk