Titan Welcomes Affirmative Preliminary
PR-USA, December 27, 2007
Titan International Inc. welcomed the U.S. Department of Commerceâ€™s decision this week to impose preliminary countervailing duties on new pneumatic off-the-road (OTR) tires from China benefiting from government subsidies. Read More»
Global tyre shortage threatens to stop mining industry in its tracks
The Independent, December 27, 2007
Times have never been better for the mining industry. Driven by insatiable demand from an industrialising China, the industry is awash in unprecedented billions. Yet the flip side of the boom is that every nook and cranny of the infrastructure, after years of under-investment, is groaning under the strain of the round-the-clock race to dig up everything from iron ore to coal to gold and diamonds destined for ports around the world.Read More»
Tyre Shortage Tires Out ME Projects
Tahani, December 27, 2007
The supply shortage in the off-the-road (OTR) tyre segment, which has already seen the price of a tyre that cost Â£15,000 (100,500) in 2005 increase by up to 300 per cent in 2007, is set to increase by a further 20 to 30 per cent by the end of H1 2008, reported Emirates Business 24/7.The cost and availability of Truck Bus Radial (TBR) and OTR tyres is the cause of much worry at mines and huge construction projects around the world, as there isn’t enough collective rubber to keep the wheels moving. Read More»
Mongolia’s mining regenerating
UB Post, December 27, 2007
Amongst Asian countries, Mongolia ranks as one of the richest in terms of volume and variety of undeveloped mineral resources. Although enormous potential exists in mineral resources, the economic viability of developing much of this natural wealth has not yet been demonstrated. The mining sector is of great importance for Mongoliaâ€™s economic stability and for the physical infrastructure, especially in the energy sector which is heavily dependent on coal. Mongolia has witnessed an increased interest in the mining sector, as well as in copper production.Â Read More»
Indian energy sector exhibits rich potential for investment in diverse streams: CII – KPMG
IndiaInfoline, December 26, 2007
The Indian energy sector is exhibiting a rich potential for investment in diverse streams, driven by the surging economy and the resultant demand supply gap in the short run; and by the need to achieve sustainability and self-sufficiency in the long run. A long term vision, and adequate policy and regulatory support is necessary to realize this potential, according to a report jointly released by CII and KPMG. The report titled â€˜India Energy Inc. â€“ Emerging Opportunities & Challengesâ€™ was released recently at the CII – India Energy Conclave 2007. Read More»
HALF BILLION DOLLAR INVESTMENT IN MINING INDUSTRY
Panorama, December 26, 2007
The year 2007 is one of the successful years with its indicator of 13.6 percent economic growth. The two digit growth reported in the course of recent seven year testifies that the reforms are effective and we have stable and dynamically developing economy. I am sure that we have real chances of two digit economic growth in the coming 4-5 years. This was said by President Robert Kocharyan while he described the passing economic year during his traditional meeting with more than 60 representatives of the business community at the close of the year. Read More»
Phikwe on the roll in 2007
Mmegi, December 21, 2007
SELEBI-PHIKWE: 2007 will go down as a largely successful year for Selebi-Phikwe as the mining town’s economic fortunes took a turn for the better. Read More»
BHP/Rio deal would tighten uranium market-industry
Reuters UK, December 19, 2007
LONDON, Dec 19 (Reuters) – A formal bid by BHP Billiton (BHP.AX: Quote, Profile, Research) (BLT.L: Quote,Profile, Research) for smaller mining rival Rio Tinto (RIO.AX: Quote, Profile, Research) (RIO.L: Quote,Profile, Research) could tighten the uranium market due to uncertainty over supply, industry sources and analysts say. Read More»
Titan Issues 2007 Review, 2008 Outlook
Tire Review, December 19, 2007
Kumho plans domestic tire price increases up to 8%
Modern Tire Dealer, December 19, 2007
Kumho Tire U.S.A. Inc. will increase tire prices effective Feb. 1, 2008. Prices will increase up to 8%, depending on the tire line and model.
Kumho Tire U.S.A. Inc. will increase tire prices effective Feb. 1, 2008. Prices will increase up to 8%, depending on the tire line and model. Read More»
A look back (and forward) at the farm and OTR tire markets in Morry Taylor’s own words
Modern Tire Dealer, December 19, 2007
Morry Taylor is chairman and CEO of Titan International Inc. By his account, Titan is headed for a successful “and eventful” year. Morry Taylor is chairman and CEO of Titan International Inc. By his account, Titan is headed for a successful “and eventful” year.
Net sales were up 23% through three quarters of fiscal 2007 ended Sept. 30 compared to the same period in 2006 (from $513.9 million to $632.1 million). Gross profit was up 3%. Net income, however, was down 89%, from $14.7 million in 2006 to $1.6 million. Read More»
Bottlenecks Slow Australian Coal
Energy Tribune, December 19, 2007
Australia’s coal exporters are enjoying strong demand, but infrastructure bottlenecks are – at least for the moment-constraining their ability to grow their overseas shipments. Read More»
Goodyearâ€™s Gingo Retires, Takes Post With Schulman
Tire Review, December 19, 2007
Rio will put US$1.1 billion into Australian coal and US nickel/copper mines
Mineweb, December 17, 2007
Rio Tinto will invest $1.1 billion in expanding mines in Australia and the United States, hoping to fight off BHP Billiton’s takeover offer through internal growth. Read More»
Rio Continues Growth Plan With New Investments
Mining Technology, December 17, 2007
Rio Tinto today announced major project investments in Australia and overseas aimed at growing the company already under takeover speculation. Read More»
Tokyo rubber hits 5-week high
CommodityOnline, December 17, 2007
Tokyo rubber futures rose on Monday to extend gains and touched a five-week high as a soft yen encouraged buying.
The key TOCOM rubber futures contract for May 2008 delivery on the Tokyo Commodity Exchange traded at 296yen per kg by 09:08 IST, up 1.9 yen from Friday’s close. It rose as high as 297.2 yen, the highest since Nov 12. Read More»
U.S. Adds Duties to China-Made OTR Tires
Tire Review, December 12, 2007
The U.S. Department of Commerce has opted to impose countervailing duties â€“ at least initially â€“ on new OTR tires imported from China, saying the makers of those products benefited financially from Chinese government subsidies. Read More»
Made in China and showing at the NEC
Organisers of the Commercial Vehicle Show are delighted that Shanghai-based GiTi Tire will be exhibiting for the first time at next yearâ€™s Show and, according to GiTi representatives, the company will be investing a â€˜significant amountâ€™ in publicising the companyâ€™s ever-increasing range of truck and bus tyres. GiTiâ€™s 54 square metre stand (Hall 8 -141) will be designed to raise the profile of the GiTi brand and product range. Read More»
Research points to greater recycling potential of tyre retreads
Letsrecycle.com, November 27, 2007
The Waste and Resources Action Programme has found that up to 40% of the re-treads needed in truck and earthmover tyres could be provided from recycled material without reducing durability or performance. Read More»
Kumho Eyes Automated Plant for U.S.
Tire Review, November 27, 2007
Kumho Tire Co. will likely build a new tire plant in the U.S., and hopes to announce its location by the end of this year.
Dr. Sae Chul Oh, Kumhoâ€™s president, revealed the plans at the recent SEMA Show in Las Vegas. Read More»
Ceat to finalise plans for truck radial plant by year end
Business Line, November 26, 2007
Ceat Ltd hopes to finalise its plans to set up a new truck-bus radial tyre plant by December-January. Construction of the proposed 60-tonne OTR (off-the-road) tyre factory near Patalganga is expected to begin by May next year. Read More»
MICHELIN NORTH AMERICA ANNOUNCES AGRICULTURAL AND COMMERCIAL TIRE PRICE INCREASES
Press Release, November 20, 2007
Michelin North America is increasing prices on some of its tire product lines.
Commercial truck tire prices will increase by up to 6 percent on MichelinÂ® and BFGoodrichÂ® brand replacement tires and up to 4 percent on MRT retreads sold in the United States effective Jan. 1, 2008. Read More»
Michelin Expects Raw Material Costs Will Ding Financials Next Year
Tire Review, November 19, 2007
Conti Hooks Up With Vietnam Tiremaker
Tire Review, November 19, 2007
Gold Fields seeks quality mines across the world
Mining Weekly, November 16, 2007
Gold Fields, the world’s fourth-largest gold miner, is scouting for quality mines in many countries to lift its production profile, its chief executive officer said. Read More»
Gray market tires are hurting Canadian dealers, says association
Modern Tire Dealer, November 16, 2007
Think tire dealerships in Canada are getting rich due to the strong Canadian dollar? Think again, says the Tire Dealers Association of Canada. “In fact, the opposite is true,” says TDAC President Eric Gilbert, partially due to the proliferation of gray market tires.
Think tire dealerships in Canada are getting rich due to the strong Canadian dollar? Think again, says the Tire Dealers Association of Canada (TDAC). “In fact, the opposite is true,” says TDAC President Eric Gilbert, partially due to the proliferation of gray market tires Read More»
‘Tired’ of downtime?
For Construction Pros, November 15, 2007
On a recent visit to Bridgestone Firestone Off The Road (OTR) Tire Co. in Bloomington, IL, I was reminded of a serious problem facing the construction industry today and that is the shortage of tires. We’ve all heard over the past couple of years that demand for OTR tires has far outpaced supply, but I was not aware of the many things that consumers can do to alleviate the effects of the shortage on their individual operations. Read More»
The Old Lady Is Burning Rubber
Forbes, November 15, 2007
Michelin, the bloated 118-year-old French tire company, was in limbo after a respected heir died in a boating accident. Now it’s on track again. Read More»
Yokohama to double OTR capacity by 2011
Rubber News, November 15, 2007
ONOMICHI, Japan — Tire maker Yokohama Rubber Co. Ltd. is addressing overwhelming demand for mining and construction vehicle tires and the shortage of supply in the OTR market by more than doubling its capacity in the sector by 2011. Read More»
Chinese tire maker fights class action
Rubber News, November 15, 2007
CAMDEN, N.J. — A Chinese tire maker is fighting a pending class action in a federal district court in Camden, arguing the court has no jurisdiction over it. Read More»
EU Requirements for Tyres Will Reduce Safety, Says Conti
Tire Review Online, November 14, 2007
Goodyear turns another corner
Rubber News, November 14, 2007
AKRON — GoodyearÂ´s plan to improve its cost structure, focus on higher-end tires and create a richer product mix to improve profits apparently is paying off. Read More»
Titan posts loss despite record sales
Rubber News, November 14, 2007
QUINCY, Ill. — Despite record third-quarter and nine-month sales, Titan International Inc. reported a loss for the three-month period and a decline in earnings the three quarters. Read More»
Amerityre’s run-flat polyurethane tire passes safety standard
Modern Tire Dealer, November 13, 2007
Amerityre Corp. reports its Arcus run-flat polyurethane elastomer tire has successfully completed all testing requirements under Federal Motor Vehicle Safety Standard (FMVSS) 139. Read More»
Andean Women Use Gentle Touch to Conquer Monster Mining Trucks
Bloomberg.com, November 8, 2007
The macho world of South America’s gold, silver and copper mines is under invasion by women.
The women come from remote communities in the Andes Mountains to work as monster-truck drivers. The jobs offer more income than they can earn in their villages and help mining companies preserve vehicles that cost about $3 million each. Read More»
BHP Billiton Offers to Buy Rio; Proposal Rejected
Bloomberg.com, November 8, 2007
BHP Billiton Ltd., the world’s biggest mining company, plans to pursue a takeover of Rio Tinto Group after an earlier approach was rejected, in what may become the largest acquisition in history.
A purchase of Rio, which has a market value of $165 billion, would create a company that controls more than a third of the iron-ore market, supplies the most energy coal and copper, and owns mines and oilfields in six continents. Rio is the third-largest miner behind BHP and Anglo American Plc. Read More»
Bridgestone plans five-year capital investment program
Rubber News, November 8, 2007
TOKYO — If Bridgestone Corp. wants to maintain its top spot globally as a tire and rubber product manufacturer, it figures it will need to spend a lot of money. Read More»
Quadra Mining Ltd. Announces Strong Third Quarter 2007 Financial Results
Market Wire, November 5, 2007
The global shortage of large off-road tires is being addressed by improvements in operating practices which are extending the useful life of all tires. The Company also entered into a tire supply agreement to help meet tire requirements for 2007-2009. While the shortage of tires continues, the situation seems to be moderating as additional production capacity and new producers come on line. Read More»
Bridgestone posts big gains in net income, sales through three quarters
Modern Tire Dealer, November 5, 2007
Bridgestone Corp. recorded net income of $713 million on net sales of $21.4 billion for the first three quarters of its 2007 fiscal year ended Sept. 30. Tire sales represented nearly 81%, or $17.3 billion.
Bridgestone Corp. recorded net income of $713 million on net sales of $21.4 billion for the first three quarters of its 2007 fiscal year ended Sept. 30. Tire sales represented nearly 81%, or $17.3 billion. Read More»
Titan posts third quarter sales gains
Modern Tire Dealer, November 5, 2007
Titan International Inc. achieved record sales of $195.5 million during the third quarter, a 25% increase over third quarter 2006 levels. Titan’s gross profit also increased from $17.1 million in 3Q 2006 to $18.3 million in 3Q 2007.
Titan International Inc. achieved record sales of $195.5 million during the third quarter, a 25% increase over third quarter 2006 levels. Titan’s gross profit also increased from $17.1 million in 3Q 2006 to $18.3 million in 3Q 2007. Read More»
Corporate America gets the jitters as oil nudges $100
The Economic Times, November 5, 2007
BOSTON: As oil heads toward $100 per barrel, Corporate America is scrambling to offset the cost by cutting back on energy use where it can and pushing through higher prices where it canâ€™t. Higher oil prices drive up corporate expenses from running factories to making petroleum-based chemicals. Companies in energy-intensive industries such as mining have also warned that oil prices are eroding their profits. And they burn through consumersâ€™ spendable income as it costs more to run cars, heat homes and to buy airline tickets.Read More»
Nova Scotia’s Daily Business Briefs
Business Journal, November 5, 2007
Michelin Waterville recently commemorated its 25th year of manufacturing tires by producing its 25th millionth tire. Michelins Waterville facility, Michelins second largest truck tire plant, opened in 1982 and manufactures heavy-duty earthmover and large industrial tires. Headquartered in Laval, Quebec, Michelin North America (Canada) Inc. employs 3,700 people and operates three plants. Â Read More»
Mining Director Predicts OTR Tyre Shortage Over in 2008
Reifen Press, November 2, 2007
According to global diamond mining giant De Beers, the shortage of large OTR tyres that has plagued mining operators in recent years will be over by the end of 2008. The South African publication Mining Weekly has reported De Beers director Debbie Farnaby as saying the success of Chinese manufacturers in the area of radial OTR tyre production will end the shortage sooner than previously anticipated. Read More»
Bryan celebrates economic gains
FW Daily News, November 2, 2007
Big things are happening in Bryan, Ohio. Really big things. Beginning next year, the aptly named Titan Tire Corp. will begin producing 57- and 63-inch-diameter tires at its Bryan plant for use in the mining industry.
The plant, built in 1967 and containing 500,000 square feet of manufacturing and warehouse space, is undergoing a $100-million expansion that will add 220,000 square feet and 150 to 200 jobs to the companyâ€™s existing work force of 325 when completed. Read More»
SEMA Show, Day Two: Techking introduces three OTR tires
Modern Tire Dealer, November 1, 2007
Techking Tires Ltd., a China-based tire company, displayed three new large OTR tires on the Tire Industry Association Performance Tires & Wheels trade show. Read More»
Fording coal trust prospects hurt by weak US$; Q3 profit down 27 per cent
The Canadian Press, October 30, 2007
Elk Valley Coal has two million tons of inventory, including one million at West Coast ports, and “we are relying on a strong performance from our transportation service providers,” he added.
He declined to release production guidance – “it’s not radically different from what we’re doing now” – but said capacity is ultimately limited by equipment availability factors, notably a long-running shortage of tires for monster dump trucks and other machinery.
Despite production increases by tire manufacturers, “I think it’s tight over the next couple of years,” Payne said, as “the demand for tires just keeps going up.”Read More»
Goodyear swings to profit in third quarter, helped by sale of unit
International Herald Tribune, October 30, 2007
Goodyear Tire & Rubber Co., helped by the sale of its engineered products unit, swung to a big profit in the third quarter, even though North American tire sales were down 6 percent. Read More»
Tire Maker Stretches To Match Demand
Shanghai Daily, October 29, 2007
Continental AG announced it will invest 150 million euros (US$216 million) to build its first Chinese tire-making plant in Hefei, Anhui Province, to meet growing demand and to catch up with rivals like Japan’s Bridgestone.Read More»
New RMA Chairman Outlines Plans
Tire Review, October 25, 2007
Kanowna Belle Up And Running After Fire
Mining Technology, October 25, 2007
Australian mine operator Barrick Gold Corporation has announced operations are up and running again after a fire trapped fifty four miners at its Kanowna Belle mine in Kalgoorlie yesterday.
The mine was temporarily shut following a fire in the engine cabin of a 755 caterpillar truck.
The fire was extinguished by an on-board fire suppression system.
All mine workers were bought to safety yesterday with no reported injuries.
Canada sees 80,000 Job Vacancies In Mining Sector
Reuters Canada, October 24, 2007
OTTAWA (Reuters) – Canada’s rich mining industry is expected to face a shortage of 80,000 workers over the next decade, Human Resources Minister Monte Solberg said on Wednesday.
“We know that having enough skilled workers is a serious problem,” Solberg said in the prepared text of a speech he was giving to a mining human resources forum.
He said 400,000 Canadians currently have jobs because of the mining sector, which contributes C$40 billion ($41 billion) a year to the economy.
One solution he broached is to help displaced forestry workers transition into the mining industry. Another idea is to make it easier for workers qualified in one province to be able to shift another. And he pushed the idea of hiring more aboriginals, who face a 19 percent jobless rate.
Zambia: ‘Seek Economic Freedom’
AllAfrica.com, October 24, 2007
PRESIDENT Mwanawasa has challenged Zambians to focus their efforts on economic independence and jealously guard the peace the country is enjoying as Zambia celebrates its independence. Read More»
Tire Technology Expo 2008 to be Largest Ever
Tire Review Online, October 24, 2007
(Staffordshire, U.K./Tyres & Accessories) The organisers of the Tire Technology Expo 2008 are confident that next yearâ€™s show will be the largest yet and boast its best ever conference programme and speaker line-up.Read More»
CMA to Open First N.A. Warehouse
Tire Review Online, October 24, 2007
Commodity prices are sliding
FXStreet.com, October 23, 2007
On Monday the oil price fell towards USD 86, after renewed concern over economic slowdown in the US had given the financial markets a sharp rap over the knuckles. Dollar appreciation and the contract roll also had a negative effect. The expiry of the November contract and the switch to December delivery alone shaved USD 1.5 off the US WTI reference contract. For the short term we are of the opinion that the price has peaked for the time being. We maintain our neutral position, but risk-tolerant investors may choose to utilise the potential towards USD 83.50. The announcement of US inventories tomorrow will show the direction for the short term (see box) Read More»
Bridgestone will build more large OTR tires in Japan
Modern Tire Dealer, October 22, 2007
Bridgestone Corp. is investing 32 billion yen in the expansion of its large OTR plant in Kitakyushu, Japan, and to increase capacity at its OTR steel cord plant in Saga, Japan.
Demand for large OTR tires “has been expanding significantly worldwide in step with increasing global production of mineral resources,” say Bridgestone officials. “Moving ahead, demand is expected to remain at a high level.”
Bridgestone says it plans to increase production capacity “in a stepwise manner. Expansion work will get underway in the second half of 2008, with production scheduled to begin in the second half of 2010.
“As a result, production capacity is projected to increase by around 50 tons of new rubber a day by the end of 2012, which will be up roughly 20% from the time the current expansion work is complete.”
Botswana: Jwaneng Mine – Our Cash Cow
allAfrica.com, October 22, 2007
It is not often that we reflect at some of the industries that are billion dollar spinners fort our economy.
One of those industries is the Jwaneng mine, the world’s largest gemstone producer. Jwaneng Mine is simply known as the richest diamond mine in the world by value.
When it celebrated silver jubilee, or 25th anniversary last week, the Jwaneng Mine was celebrating more than just 25 years of mining diamonds. This mine is literally Botswana’s number one cash cow. Read More»
Grand opening of OTR tire plant is part of Yokohama’s ‘Grand Design’
Modern Tire Dealer, October 21, 2007
The grand opening of Yokohama Rubber Co. Ltd.’s second OTR plant was held today in Onomichi City, Hiroshima Prefecture in Japan.
Toru Kobayashi, director and corporate officer of Yokohama Rubber, said the company plans a further increase in production capacity at the Onomichi plant to 1,650 rubber tons per month by October 2008. Construction of the new plant began in February 2006. Read More»
Rio Alcan Bid Wins Canadian Approval
Mining Technology, October 18, 2007
Anglo-Australian mining giant Rio Tinto has won Canadian regulatory approval for its A$42.84bn takeover of Canadian aluminum producer Alcan.
The approval follows go-ahead by EU competition regulators at the start of this month.
The sale will transform Rio Tinto into the world’s largest producer of aluminum.
Michelin Produces 100 Millionth Tyre in Bridgewater, Canada
Reifen Press, October 18, 2007
The Michelin North America plant in Bridgewater, Canada has turned out its 100 millionth tyre. The production of this milestone item, a LTX A/T2 truck tyre, was marked by staff and management at the facility in Nova Scotia, and plant manager Dana LeBlanc referred to it as â€œan important event for everyone here at Michelin in Bridgewater.â€ Read More»
Apollo Turnover to Double in 3 Years – Kanwar
Tire Review Online, October 15, 2007
The Long Case for Goodyear Tire & Rubber
Seeking Alpha, October 15, 2007
In a recent edition of Value Investor Insight, GoldenTree Asset Management’s Adam Tuckman described why he sees big upside in The Goodyear Tire & Rubber Company (GT). Read More»
Oilsands’ newest project: a greener image
Edmonton Journal, October 14, 2007
EDMONTON – In just a few weeks Syncrude could begin grinding down one of the environmental millstones that the oilsands industry has dragged around for years. Read More»
American Tire Corporation Launches New OTR Sizes
Tire Review Online, October 12, 2007
(Akron/Tire Review) American Tire Corporation (ATC) announced that the following new Colorado OTR sizes have been launched after six-month full production of Colorado 53/80-63 tires: the 59/80-63 E4 88PR, the 31/90-49 E4 54PR and the 41.25/70-39 L5 42PR. Read More»
Cat’s new large mining trucks put to the test
Construction & Maintenance, October 12, 2007
Caterpillar announced that it will upgrade all mechanical drive mining trucksâ€”785C, 789C, 793D and 797B. Additionally, Cat announced that it will offer two AC electric drive truck models of more than 200 short tons capacity. Read More»
Agora Tire creates OTR tire pricing index
Modern Tire Dealer, October 11, 2007
Agora Tire Inc. has added a price index for OTR tires to its Web site. According to President Brad Harris, the company is just taking a cue from other industries such as metals and plastic resin that have made commodity pricing available in order to establish a benchmark for fair pricing. Read More»
Three Thousand Miners Trapped in South African Mine
Mining Technology, October 4, 2007
Rescuers working to save 3,200 trapped miners in a South African gold mine have so far brought 1,350 miners to the surface, officials have announced. Read More»
Dunlop may re-enter aero tyre domain
The Times of India, October 4, 2007
MYSORE: Pawan Kumar Ruia is planning to extend Dunlop brand for aero tyres and off-the-road tyres (OTR) manufactured by Falcon Tyres Ltd. Read More»
China Manufacturers Alliance Sets Up in Memphis
The Daily News, October 3, 2007
Memphis is often lauded for being a cultural and commercial crossroads.
It’s a place where various forms of music – country, western, blues and gospel – converged in the 1950s to bring rock ‘n’ roll to the world. Read More»
Tiremaker Prices Heading Up Again
Tire Review Online, October 2, 2007
Michelin, Toyo, Yokohama and Bandag all announced price increases that will take effect with the new year, all driven by spiraling oil, energy, freight and benefit costs.
Toyo Tire (USA) Corp. said it would increase prices on all of its passenger and light truck/SUV tires by up to 8%, effective Jan. 1, 2006. No pricing announcement was made regarding Toyoâ€™s commercial tires. Read More»
Tokyo rubber jumps on yen, solid physical prices
Reuters UK, October 2, 2007
TOKYO, Oct 2 (Reuters) – Tokyo rubber futures rebounded more than 1 percent on Tuesday on short-covering to reflect falls in the yen against the dollar, with concerns over tight supplies in the physical market providing solid support. Read More»
Thanks a billion: Michelin plans growth in U.S. and Mexico over next 7 years
Global Tire News, October 2, 2007
GREENVILLE, S.C. — Michelin North America Inc. plans to spend more than $1 billion to expand production capacity in the U.S. and Mexico over the next seven years, including a new plant and upgrades at several facilities.
The tire maker announced Aug. 13 it will build a passenger and light truck tire factory in Mexico to support growing demand in North America. The plant will manufacture Michelin-brand products, including sport-utility vehicle and high performance tires, the company said. Read More»
ATC Ups Its Warranty Program
Tire Review Online, October 1, 2007
Yokohama goes green in big way
Global Tire News, October 2007
AKRON — Green isnÂ´t Yokohama Rubber Co. Ltd.Â´s corporate color, but the company is taking on a decidedly green hue thanks to the efforts of President Tadanobu Nagumo, who has made ecological issues a cornerstone of the firmÂ´s corporate strategy. Read More»
Rising costs still weigh on gold miners at forum
Reuters Africa, September 29, 2007
DENVER (Reuters) – At last year’s Denver Gold Forum, global gold mining executives grappled with skyrocketing costs and sagging stock prices as they presented their corporate pictures to analysts and fund managers. Read More»
Michelin plantation an oasis in sea of poverty
Print Edition, September 27, 2007
ITUBERA, BRAZIL — It may have taken three planes, a bouncy bus ride and about 18 hours of travel time to get to Itubera, Brazil, but it took only about two minutes of staring into the mouth of a thundering waterfall at Michelin’s rubber plantation in the Atlantic rain forest to realize that this place was much more than a rubber factory. Read More»
Shanghai Tyre and Rubber Group Co. Changes Name to Double Coin Holdings, Ltd
Business Wire, September 27, 2007
MONROVIA, Calif.–(BUSINESS WIRE)–China Manufacturers Alliance, LLC (CMA) is formally announcing that its parent company, Shanghai Tyre and Rubber (Group) Co., Ltd (STRC) has changed its corporate holding companyâ€™s name to Double Coin Holdings, Ltd., to consolidate corporate identity behind the companyâ€™s most recognizable and valuable asset, the Double Coin brand. Double Coin Holdings, Ltd is the holding corporation for several tire related business units including CMA. Read More»
Titan will raise prices up to 5%
Modern Tire Dealer, September 27, 2007
Titan Tire Corp., a subsidiary of Titan International Inc., will raise the prices of its Titan and Goodyear brand farm and construction tires up to 5%, effective Nov. 1.
“Certain tire prices may rise in excess of 5% due to repositioning of the product,” say Titan officials.
Retreads Perform as well as New Tires
Azom.com, September 27, 2007
Old timers in the trucking industry were quick to tell you about the problems they had with â€œthem recapsâ€ back in the seventies and eighties. â€œAinâ€™t worth the trouble they cause,â€ they would say. Read More»
Top gear for Caterpillar
Mining Magazine, September 26, 2007
FOLLOWING plans first announced in March 2006, Caterpillar has officially updated the market on the development of a new series of mechanical-drive mining trucks and a new line of AC electric-drive trucks. The company plans to upgrade all of its mechanical-drive mining trucks â€“ the 785C, 789C, 793D and 797B â€“ with new variants. Additionally, the company is to offer two AC electric-drive truck models of more than 200 short tons capacity. Read More»
BFS Increasing U.S., Canada Prices
Tire Review Online, September 24, 2007
Cheap Chinese Imports Worry Tyremakers
Tire Review Online, September 24, 2007
Tiremaker emphasizes Double Coin brand in China and North America
Modern Tire Dealer, September 18, 2007
As part of a company-wide brand awareness strategy, Shanghai Tyre and Rubber Co. has changed its name to Double Coin Holdings Ltd. Read More»
Michelin Wins Frost & Sullivan Consumer Choice Award
Tire Review Online, September 18, 2007
When Wheels Are the Better Fit
Equipment Today, September 17, 2007
In the 1950s when the first hydraulic excavators were introduced, the machines were all equipped with rubber-tire undercarriages. Such configurations continue to be highly popular in Europe today. Read More»
Toyo Names Nick Manning as U.K. Marketing Manager
Tire Review, September 17, 2007
Goodyear plans to expand Gadsden factory
Modern Tire Dealer, September 17, 2007
Goodyear Tire & Rubber Co. recently broke ground on a 200,000-square-foot addition to its tire manufacturing plant in Gadsden, Ala.
The Gadsden plant can produce 15,000 passenger and 10,000 light truck tires per day at capacity, according toModern Tire Dealer research.
“While we aren’t prepared to announce all of the details of our investment plans for Gadsden, we have started construction on the project,” says a Goodyear spokesperson.
Yokohama Launches Eco Treadsetters Social Network Site
Tire Review, September 17, 2007
Fort Knox expands to dig longer life for mine operations
Alaska Journal of Commerce, September 16, 2007
Kinross Gold said prospects are good for a planned expansion of mining that could add several years of operating life to the company’s Fort Knox mine.
In a Sept. 6 briefing to an Anchorage business group, Kinross also said there is potential for more new gold resources to be found in the immediate area of Fort Knox, which could lead to future mining. Read More»
Codelco raises planned Gaby output 10% – Chile
Business News Americas, September 14, 2007
Chile’s state copper company Codelco has expanded the planned production of its Gabriela Mistral mine, known as Gaby, by 10% starting in its second year, chief executive JosÃ© Pablo Arellano said on Friday. Read More»
Colony Tire CEO Charlie Creighton Named Tire Dealer of the Year
Carolina Newswire, September 13, 2007
EDENTON, NC â€” Charlie Creighton, Chief Executive Officer of Colony Tire Corp. has been recognized as Modern Tire Dealer magazineâ€™s Tire Dealer of the Year, the tire industryâ€™s top honor. Creighton was chosen to receive this prestigious award from more than 26,000 eligible independent tire dealers throughout North America. Read More»
Michelin Sweeps J.D. Power and Associates Original Equipment Awards Again
PR News Wire, September 12, 2007
Another Michelin sweep as the tire maker is ranked highest in customer satisfaction in every segment of the prestigious J.D. Power and Associates 2007 Original Equipment Tire Customer Satisfaction Study. “Receiving awards is never boring and we never rest on our laurels,” said Tom Chubb, vice president of marketing for Michelin Automotive Industry Division. “We strive every single day to earn this endorsement from drivers and achieving our 10th sweep is extremely gratifying.” Read More»
Geoff Bradburn Retires from Bridgestone OTR Department
Reifen Press, September 11, 2007
After 46 years in the OTR Tyre industry Geoff Bradburn is to retire at the end of September 2007. Bradburn worked on some key accounts Bridgestoneâ€™s OTR business, including Ainscough crane, McAlpines, Foster Yeoman, to name a few that Geoff has had account management and responsibility for in his long career.
Commenting on his career and pending retirement, John McNaught, Bridgestone UK MD said: â€œGeoff has made a great contribution to Bridgestone OTR dept his commitment, professionalism, and dedication to his accounts makes him one of the best in the business, we wish him well in his retirement.â€
CMA prepares to open first wholly-owned U.S. warehouse
Modern Tire Dealer, September 10, 2007
China Manufacturers Alliance LLC (CMA) is preparing to open its first wholly-owned distribution center in the United States, a facility in Memphis, Tenn.
CMA, which is based in Monrovia, Calif., also leases a warehouse in Ohio.
The Memphis distribution center will stock Double Coin brand medium truck tires and Double Coin OTR tires made by Shanghai Tyre & Rubber Co. Ltd.
The facility will be the first of several, says CMA spokesman Larry Williams. “The second will be somewhere on the West Coast.”
Hankook plans to raise tire prices on Oct. 1
Modern Tire Dealer, September 8, 2007
Hankook Tire America Corp. will raise prices by up to 4% on its full line of passenger, high performance and light truck tires. The amount of the increase will vary by product line and/or size.
The increases will take effect October 1st, 2007.
The price increases “reflect rising costs in raw materials as well as higher costs in transportation and general operating expenses,” according to Hankook.
Cooper Tire & Rubber Co. (up to 4%), Toyo Tire (U.S.A.) Corp. (3.5%) and Continental Tire North America Inc. (up to 6%) also will raise consumer tire prices on Oct. 1.
Kirkby Tyres Adds to Storage Capacity in Eire
Reifen Press, September 7, 2007
Kirkby Tyres has set up a new storage facility in Thurles, Co. Tipperary, as part of the companyâ€™s ongoing expansion plans, online news sources have reported. Over the past few months the company has been building up stock at the new facility, with a view to increasing its over-all stock holding and reducing delivery times to the trade. Kirkby Tyres now offers a wide range of Agri, Industrial, MPT, Earthmover ad Forklift tyres from the Tipperary facility. The expansion is believed to have been prompted by the growth of the companyâ€™s wheel and tyre business.
VMI Launches New OTR Radial Builder
Reifen Press, September 6, 2007
Netherlands based supplier of equipment and services for producers of passenger car, commercial and OTR radials, VMI, has launched its first radial VMI OTR Tire Building system. This system utilises flat drum building technology and assembles green tyres in sizes between 17.5 R25 and 24.00 R35. Manufacture is performed in a single process, including the application of the tread. This unique method of assembling radial OTR tyres utilises the transfer rings and other technology already tried and tested in VMIâ€™s tyre manufacturing equipment for truck and bus radials.
This high capacity OTR radial machine produces radials at a rate of up to 2.5 tyres per hour for 24.00 R35â€ tyres. VMI reports that downtime for size changes is low because of a minimum amount of tooling and the maximum use of universal computer controls.
VMIâ€™s R&D team has been working for a year and a half to build the companyâ€™s first OTR radial machinery, and they are confident the end result will answer the needs of the booming OTR tyre market.
India Tire Exports Register Marginal Growth
Tire Review, September 6, 2007
(Akron/Tire Review â€“ Hindu Business Line) Indiaâ€™s tire exports for fiscal year 2006-07 registered a marginal growth of 1.15% at 54,49,560 units as against 53,87,502 units the year before Read More»
Global Tire Makers May Face Margin Squeeze, Despite Declining Raw-Material Prices: Report
Business Credit Management UK, September 5, 2007
Rather than easing the competitive pressure on global tire industry, declining raw-material prices in 2007 may actually put pressure on margins and cash flows, cautions a report published today by Standard & Poor’s Ratings Services “Peer Comparison: Global Tire Makers May Face Pressure When Raw-Material Prices Decline”.Read More»
FTS sets end date for Chinese tire recall
Modern Tire Dealer, August 31, 2007
Foreign Tire Sales Inc.’s recall of some 250,000 light truck tires made by Hangzhou Zhongce Rubber Co. Ltd. will end on Oct. 25, says FTS owner Richard Kuskin. The recall began on Aug. 9. Read More»
Cat plans to expand presence in China
The Chicago Tribune, August 29, 2007
Caterpillar Inc., in a move that underscores the extent to which the Peoria-based company is benefiting from burgeoning Asian demand, disclosed plans Tuesday for a new Chinese manufacturing facility that could turn out as many as 100,000 diesel engines a year.
The heavy-equipment giant called its planned “state-of-the-art” facility in Wuxi, in Jiangsu province, a “key element” in the company’s strategy of ramping up its manufacturing presence in China. Read More»
Protecting Your Business from Imported Products Liability
Tire Review, August 29, 2007
[Editorâ€™s Note: This article was written by Daryl Allegree, manager of risk engineering for Zurichâ€™s Direct Underwriters business unit, in response to tire dealer concerns about the liability issues attached with importing tires and other products.]
Your first instinct is to say, â€œOf course not, Iâ€™m in the retail tire and service industry.â€ But are you really? Under certain circumstances, the courts could determine that for tort liability purposes you are a tire or wheel manufacturer â€“ or at least stand in the shoes of the manufacturer â€“ in the eyes of the law. Read More»
Goodyear names Asia Pacific marketing director
Modern Tire Dealer, August 29, 2007
Goodyear Tire & Rubber Co. has appointed D.P. Singh marketing director of the Consumer PBU division for its Asia Pacific region. He will be based in Shanghai, China. Read More»
Police Nail Tire Repairmen
Tire Review Online, August 28, 2007
If convicted, the pair face up to five years each in prison.
Sweating It Out
Small Business Finance Blog, August 24, 2007
Itâ€™s been the best of times and the worst of times for OTR tire dealers. Over the past three years, mining, quarry and construction customers have been crying out for new tires. But all the orders in the world mean nothing without tires. Read More»
Amerityre Introduces Amerifill(TM) for Tire Fill Market
CNNMoney.com, August 23, 2007
BOULDER CITY, Nev., Aug. 23 /PRNewswire-FirstCall/ — Amerityre Corporation , a leading developer of polyurethane technologies, today announced that it has developed a product line of high-quality polyurethane foam and elastomer chemicals and delivery systems for use in the commercial tire fill market. The new materials will be marketed under the name Amerifill(TM). Currently, tire fill materials are used in many tire applications, including OTR (off-the-road) construction, industrial and mining applications, to “flat-proof” and extend the life of rubber tires. Read More»
Titan applauds feds’ decision to continue investigation
Modern Tire Dealer, August 22, 2007
“We are very encouraged that the Commerce Department voted to proceed with (its) investigation” of Chinese OTR tire dumping, says Titan International Chairman and CEO Morry Taylor. Read More»
Time to Buy Gold Stocks: A Vicious Circle Turns Virtuous
Seeking Alpha, August 16, 2007
Mining companies were simultaneously blessed and cursed by the developing world’s insatiable demand for raw materials; while accelerating demand led to higher metals prices across the board, it also led to labor shortages, tire shortages, transport bottlenecks, and killer production costs in general. Read More»
Range of Wheel Chocks available from Checkers
Ferret.com.au, August 15, 2007
Checkers off road Wheel Chocks are an essential part of a safe mining operation.
The road block range has a reputation of being the strong and long lasting Wheel Chocks in the industry.
Specifically the MC1811 model is used for steep grade operations and for tyre sizes greater than 2.6m in diameter yet it only weighs 18kg.
That means even the large trucks such as the CAT 797 and Komatsu 930E can be chocked safely.
SM SafetyÂ Special Mining Services is Checkers’ Australian distributor and stocks all of Checkers off road and urethane model Chocks
Quadra Mining Ltd. Announces Strong Second Quarter 2007 Financial Results
Marketwire.com, August 15, 2007
The global shortage of large off-road tires is being addressed by improvements in operating practices which are extending the useful life of all tires. The Company also entered into a tire supply agreement to help meet 2007 requirements Read More»
North American Energy Partners Announces Financial Results for the First Quarter of Fiscal 2008
CNNMoney.com, August 14, 2007
Rod Ruston, President and CEO, noted, “While we were pleased with the overall level of business and demand for our services, continued high equipment costs, primarily for tires and maintenance, coupled with approximately $16 million of items not related to current operations, significantly impacted net income. Read More»
Chinese tire maker lashes out against US recall, says importer is twisting facts
International Herald Tribune, August 10, 2007
BEIJING: Firing back over product safety fears, China’s Health Ministry said foreign media were exaggerating the country’s food purity problems, while a Chinese tire maker at the center of a huge U.S. recall accused the U.S. importer of distortions Read More»
Bridgestone reports increases in 1H sales and earnings
Modern Tire Review, August 9, 2007
Bridgestone Corp. recorded net income of 52.9 billion yen on net sales of 1.6 trillion yen for the first half ended June 30, 2007. That compares to income of 32.8 billion on sales of 1.4 trillion yen for the first-half of 2006.Read More»
Second-Hand Tyres Costing More Than New as OTR Shortage Bites
Tire Review, August 8, 2007
Second-hand tyres for large off-road trucks were costing more than new ones because of the biting tyre shortage, Kumba Iron Ore CEO Ras Myburgh told Mining Weekly Online on Tuesday Read More»
Sibur-Russian Tyres Looks for PCR Production Partner
Tire Review, August 8, 2007
Be in no doubt â€“ Russian manufacturer Sibur-Russian Tyres has set its sights on the global market.
And, with annual sales of around $800 million and debts of only $100 million, the company has a good credit rating and is willing to go to great lengths in order to achieve this end. Read More»
Michelin earmarks $350 million for plant upgrades in South Carolina
Modern Tire Dealer, August 7, 2007
A new round of investing by Michelin North America Inc. will improve and expand every major manufacturing facility in South Carolina over the next four years. Read More»
Haohua South (Guilin) Launches Giant OTR Tyres
Tire Review, August 6, 2007
Rubber Corp., has recently rolled out the first OTR tyre, Torch 40.00-57-68PR, currently the largest in China, from its Guilin Tyre Factory. Read More»
Retaining women after recruiting them seen as a challenge
Mining Weekly Online, August 3, 2007
Increasing the percentage of women working in the mining industry is official government policy in South Africa, enshrined in the Broad-Based Socioeconomic Empowerment Charter for the South African Mining Industry. In terms of this Charter, the stakeholders in the mining industry â€œaspireâ€ to having a â€œbaselineâ€ of 10% female â€œparticipationâ€ in the industry within five years of the activation of the Charter. Read More»
Qingdao Aims to Build Biggest OTR Tyre in the World
Tire Review, August 3, 2007
Already a producer of giant OTR tyres such as 45/65-45 L5, 37.25-35E3, 4000-57E4, 50/80-57, 52/80-57, 58/85-57, 70/70-57, Qingdao Qizhou Rubber is planning to make â€œthe biggest tyre in the world – 59/90R63,â€ which is expected to be available by the end of 2007. Read More»
Titan announces General price increase
Modern Tire Dealer, August 3, 2007
Titan Tire Corp. will implement a price increase on General brand off-the-road tires effective Sept. 1, 2007.Read More»
BFNT makes 14 Continuum OTR tread designs available
Modern Tire Dealer, July 24, 2007
Bridgestone Firestone North American Tire LLC (BFNT) says its Continuum OTR tread rubber selection covers 14 tread designs in 40 sizes. Read More»
FTS light truck tire recall could cost $80 million
Modern Tire Dealer, July 23, 2007
Foreign Tire Sales Inc. (FTS)says its recall of up to 450,000 allegedly defective Chinese-made light truck tires could cost up to $80 million. Read More»
Michelin eyes 1st tire from new unit in Nov – Brazil
Wednesday, July 18, 2007
French tire manufacturer Michelin plans to produce in November the first tire at its new Brazilian unit, which is focused on mining and earth moving equipment, a Michelin spokesperson in Brazil told BNamericas.
Investment to build the factory in Rio de Janeiro state totals US$200mn. The unit is slated for inauguration in January 2008 and will employ 440 people, the spokesperson said via email. In 2010, the facility is expected to produce 40,000t of 25-49-inch (63.5-124cm) tires. “Tire demand for surface mining will increase more than 40% from now through 2012 due to global economic development and demand for energy and raw materials,” the official added. Michelin installed its first tire making facility in Brazil in 1979.
For N.J. importer of tires, a possibly fatal 1-2 punch
Everything Jersey – June 27, 2007
A New Jersey tire importer, ordered to recall up to 450,000 tires it bought from a Chinese manufacturer because of a safety threat, complied earlier this year with an order to stop selling other defective tires from China. Read More»
Equipment Today – June 25, 2007
Bridgestone Firestone North American Tire, LLC’s Off Road Products Division announces the promotion of Shawn Rasey to executive director, Off Road Tire (OTR), and Ken Allen to executive director sales and marketing, Firestone Agricultural Tire Group (FSAG).
Rasey, who was previously executive director, North American Sales, OTR, will now be responsible for all North American sales, customer service, marketing, administration and engineering activities for the OTR Group.
Allen, who was previously director – Global OEM, Engineering and Export Sales, FSAG, will now be responsible for all North American sales channels, marketing, customer service and sales engineering groups.
Patch Rubber releases OTR tire repair manual
Modern Tire Dealer – June 20, 2007
Buoyed by the steady growth in the two-wheeler and three-wheeler industry, the country’s largest tyre manufacturer JK Tyre is mulling re-entry after nearly 25 years into these segments.
USW, Titan File China Trade Complaint
Tire Review Online – June 20, 2007
(Akron/Tire Review) The USW and Titan International have joined forces in a formal trade practices complaint against imported China-made OTR tires. Read More»
Techking Tires Gains ECE Approval
Tyres & Accessories, UK – June 18, 2007
Techking Tires Limited has launched its ECE approved crane tyre, the 16.00R25. According to the company, the Techking 16.00R25 is the first product amongst similar Chinese crane tyres to receive the three-star ECE rating. In July, Techking plans to launch additional 14.00R24, 14.00R25, 17.5R25 and 20.5R25 sizes for mobile crane application. Read More»
Approximately 60% of booth space has been filled for Tyrexpo Africa 2008
Modern Tire Dealer – June 12, 2007
The influence of Chinese and Indian tire manufacturers on the southern African market for OTR, mining and quarrying tires is set to grow substantially, according to the organizers of Tyrexpo Africa â€™08.
The exhibition will be held at the Sandton Convention Centre, Johannesburg, from March 4-6, 2008. Almost 60% of stand space has already been sold, reports show organizer ECI International. Read More»
RMA forecasts 2.3% increase in tread rubber shipments
ThomasNet – June 7, 2007
WASHINGTON, D.C., March 29, 2007 – Sustained economic growth and a general recovery in the tread rubber industry will fuel a 2.3 percent shipment increase in 2007, according to the Rubber Manufacturers Association’s Tread Rubber Market Analysis Committee (TRMAC). Read More»
WTA Expands OTR Tire Division with Two Key Personnel
World Trade Association (WTA), a leading independent U.S. tire wholesaler, is expanding its Xtreme OTR Tire Division with the addition of two new high-level personnel.
Tyre market evolves
The well documented tyre shortages have resulted in some innovative solutions, particularly in respect of larger tyre sizes. More»
Ceat in expansion mode
5/23/2007 Iris News Source
The RPG group Ceat is planning two greenfield facilities, one of them includes setting up a Rs 2.5-3 billion specialty tyre plant, reports Business Line. Read More»
Goodyear Signs Two OTR Supply Contracts
Goodyear OTR has renegotiated major contracts with Southampton Containers (part of the Dubai Ports Group) and Tilbury Container Services â€“ to supply Goodyear EV-4A and EV-4S for Straddle Carriers. Read More»
Indian Figures Show Production Up, Exports Down
Detailed figures showing tyre production and exports by Indian manufacturers have been released, covering the months of December 2006 and January this year. Read More»
Titan decides to produce giant OTR tires
Titan International Inc. is now in the giant OTR tire business. Titan’s board has approved funding for the company to build 57- and 63-inch radial tires at an expected rate of 6,000 units a year. Read More»
WTA Appoints Two Former Goodyear Men
World Trade Association (WTA) has hired Peter Ahumada, formerly of Goodyear Tire & Rubber and Wingfoot Commercial, as VP in charge of their OTR tyre operations. Read More»
Maintaining Tyre Supply in a Tight OTR Market
With the global OTR tyre market dragging on into yet another year of shortages, some large scale equipment operators are more than fed up â€“ they are ready to take matters into their own hands. Read More»
Top retreaders continue to invest, expand
This year is turning out to be one of investment and expansion for some of the country’s leading independent retreaders. A number of retreaders have told moderntiredealer.com they are making big changes at their operations. Read More»
J K Tyre profit zooms
(JKTI), a leader in the Tyre Industry and manufacturer of well known ‘J K TYRE’ and ‘VIKRANT’ brands has recorded a turn over of Rs.852 crores in the second Quarter ended 31st March, 2007. Profit Before Tax is Rs.22 crores which is five times compared to the corresponding Quarter of the previous year. Read More»
Extending Tire Life
Proper care of haul roads can help extend tire life. Regular, good maintenance of both is necessary to minimize the negative impact on tires.
2007 Jack Dutcher.
Would it hurt your profitability if one or more of your off-the-road production vehicles were parked for a month or more? Would it matter if they were parked was because you couldn’t get replacement tires?