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Pirelli transaction receives approvals

Pirelli transaction receives approvals

MILAN—China National Chemical Corp., Camfin S.p.A. and Camfin’s shareholders have received approval from the relevant antitrust and other authorities to finalize ChemChina’s acquisition of Camfin’s Pirelli & C. S.p.A. shares. Camfin said in an Aug. 4 news release that the deal to sell its 26.2 percent stake in Pirelli for […]

August 13, 2015 ×

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Continental posts strong first half

Continental posts strong first half

HANOVER, Germany—Continental A.G. has raised its earnings forecast for the full fiscal year 2015 after its Rubber Group posted a successful first half, the German company said when it released its financials on Aug. 4. The Rubber Group generated about $8.44 billion in sales for the first half of 2015 […]

August 13, 2015 ×

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ChemChina proceeding with Pirelli offer

ChemChina proceeding with Pirelli offer

MILAN, Italy (Aug. 5, 2015) — China National Chemical Corp.’s bid for operational control of Pirelli & C. S.p.A. will take form officially on Aug. 11, when Italian institutional investment company Camfin S.p.A. plans to transfer its 26.2-percent shareholding in Pirelli to Marco Polo Industrial Holding S.p.A. That’s the upshot […]

August 13, 2015 ×

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Bridgestone stores to stock Toyo tires

Bridgestone stores to stock Toyo tires

BLOOMINGDALE, Ill.—Bridgestone Retail Operations L.L.C. is adding the Toyo Extensa A/S and H/P tire lines to the product portfolio at its 1,700 Firestone Complete Auto Care locations in the U.S. Starting in early October, the Bridgestone retail network will carry 62 sizes of the Extensa A/S and H/P lines at […]

August 13, 2015 ×

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Toyota Prius V Sales Incentive Soars In San Francisco, Other Hybrid Discounts Too

Toyota Prius V Sales Incentive Soars In San Francisco, Other Hybrid Discounts Too

Over the past few months, the Toyota Prius range of hybrid cars has received significant discounts to keep sales up as the lineup ages and gas prices remain low. That’s once again the case in August, particularly for the Toyota Prius V tall wagon model. In the San Francisco area, […]

August 13, 2015 ×

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Demand for rubber cable compounds remains strong

Demand for rubber cable compounds remains strong

RAVENNA, Italy—While demand for rubber cable compounds is growing or at least stable in most world regions, the sector is being held back by a lack of technical input from cable manufacturers, said Andrea Galanti, general director of Mixer SpA, based in Ravenna. Mixer began manufacturing cable compounds in 1996 […]

August 13, 2015 ×

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Alliance Tire doubles farm tire rebate

Alliance Tire doubles farm tire rebate

WAKEFIELD, Mass. (Aug. 6, 2015) — Alliance Tire Americas (ATA) is doubling its Ag-Rewards farm tire rebate, offering up to $2,400 per household in rebates with as much as $200 back per tire. “Things are tight for many farmers with today’s low commodity prices and high production costs, so we […]

August 13, 2015 ×

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Tire Tech opens updated location in Ala.

MADISON, Tenn. (Aug. 13, 2015) — Tire Tech Inc., a Marangoni Tread North America retread and commercial tire dealer, moved to a larger 42,000-sq.-ft. facility in Birmingham, Ala. “Our continued growth in the market presented us with the opportunity to purchase a larger facility to better serve our customers with […]

August 13, 2015 ×

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Lanxess to carve out rubber business, reports growth

Lanxess to carve out rubber business, reports growth

COLOGNE, Germany—Lanxess A.G. revealed in its financials for second quarter 2015 that it has initiated a process that will transfer its rubber business to a legally independent business entity within the Lanxess Group. The plan is for the new entity to comprise its Tire & Specialty Rubbers and High Performance […]

August 13, 2015 ×

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Michelin rolls out new version of earthmover management system

Michelin rolls out new version of earthmover management system

GREENVILLE, S.C. (Aug. 6, 2015) — Michelin North America Inc. has introduced MEMS Evolution3, its Michelin Earthmover Management System, which provides mining operations managers with advanced, real-time data about tire temperature and pressure conditions. Read the source article at home.tirebusiness.com

August 13, 2015 ×