Yokohama Tire Corp. will introduce an off-the-road (OTR) radial all-weather tire at ConExpo in Las Vegas, March 7-11, 2017. The new The MYX S01 will be displayed in booth #C22231.
The Mid-America Tire Dealers Association (MATDA) has joined the social media content platform developed by the Tire Industry Association (TIA) and the Automotive Marketing Foundation (AMF).
Toyo Tire & Rubber Co. Ltd. reported a net loss of 12.3 billion yen on net sales of 381.6 billion yen for its fiscal year ended Dec. 31, 2016. That compares to net income of 1.6 billion yen on net sales of 407.8 billion yen for fiscal 2015.
Omni United (S) Pte. Ltd. has signed Ladies Professional Golf Association (LPGA) golfer Jodi Ewart Shadoff as ambassador for its flagship Radar tires brand for the second straight year.
Stellar Industries Inc. is purchasing the assets of American Crane Inc. (ACI) and Tire Trucks International (TTI).
Alliance Tire Group (ATG) has opened a 202,000-square-foot warehouse in Savannah, Ga.
Toyo Tire U.S.A. Corp. has expanded the size offerings of two commercial tires, the Toyo M920 drive tire, and the Toyo M149 Super Single.
Giti Tire (USA) Ltd. will increase prices on GT Radial brand tires in the U.S. and Canada, effective April 1, 2017.
The last two months of the year proved to be busier than expected, according to the Rubber Manufacturers Association (RMA). Way busier.
Margins on consumer tires helped boost Groupe Michelin’s net income 43% in 2016. Michelin posted net income of 1.7 billion euros on net sales of 20.9 billion euros for its fiscal year ended Dec. 31, 2016. That compares to income of 1.2 billion euros on sales of nearly 21.2 billion euros for fiscal 2015.
Kumho Tire Co. Ltd. posted a net loss of 58.4 billion won on net sales of more than 2.9 trillion won for its fiscal year ended Dec. 31, 2016. That compares to a net loss of 69.3 billion won on sales of 3 trillion won for fiscal 2015.
Hankook Tire Co. Ltd. posted net sales of nearly $1.4 billon for its fourth quarter ended Dec. 31, 2016, up 1.1% compared to the same period the previous year.
Key distributors and dealers of Hankook-branded tires were on hand at the company’s annual Partner’s Day Meeting in Los Cabos, Mexico, to hear about the company’s progress toward its self-imposed goal of being the industry’s fifth largest tire company by 2020.
Sutong China Tire Resources Inc. recently purchased a 360,000-square-foot facility in Anderson, Ind., in order to consolidate two of its existing distribution centers. The warehouse will combine tires from one of Sutong’s distribution centers in Indiana and one in Houston, Texas.
Continental Tire the Americas LLC is increasing prices on all Continental, General and AmeriSteel brand truck tires.