1. Articles in category: Executive News

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    1. Bridgestone Americas Announces Leadership Changes to Logistics & Supply Chain Group, Off-The-Road Tire Business

      Explore Bridgestone Americas, Inc. Executive News

      Bridgestone Americas (Bridgestone) today announced leadership changes to drive operational excellence and strengthen the company’s position as a global leader providing sustainable mobility and advanced solutions. The following changes take effect December 1, 2020.

      Bridget Neal, currently president of the company’s Off-the-Road (OTR) tire business in the U.S. and Canada, has been promoted to senior vice president, logistics and supply chain management (LSCM), Bridgestone Americas. In this role, Neal will oversee the company’s global supply chain, designing and implementing supply and distribution strategies that enable business growth and improve product cycle time.

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      Mentions: global north america Canada

    3. Pyrolyx USA Indiana files for bankruptcy

      Explore tribstar.com Executive News

      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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      Mentions: united states rubber recycler carbon black

    4. Phoenix Investors Acquires Former Titan Tire Plant

      Explore PR Newswire Executive News

      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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      Mentions: united states tire manufacturing Titan Tire

    7. Toyo Tires President, CEO Roy Bromfield to Retire

      Explore Tire Review Executive News

      Toyo Tire U.S.A. Corp. (Toyo Tires) announced President and CEO Roy Bromfield will retire in 2021 upon selection of, and successful transition to, a successor.

      The company has retained CarterBaldwin Executive Search to identify and present candidates. Bromfield will lead the search for Toyo Tires, ensuring the right fit and a seamless changeover. The timeline for Bromfield’s departure in 2021 will be determined once a successor is identified.

       

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      Mentions: Toyo Tires Management

    8. Trinseo Sees Market Recovery: Preliminary Third Quarter 2020 Financial Results

      Explore Home - The Globe and Mail Executive News , Industry Statistics

      The Company notes that many end markets, including automotive, tires and construction, experienced strong demand recovery in the third quarter after weak demand during the second quarter due to the COVID-19 pandemic. Third quarter volumes in the Performance Plastics, Synthetic Rubber and Latex Binders segments were similar to prior year. In addition, margins across most segments were higher than prior year.

       

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      Mentions: automotive plastics synthetic rubber

    9. Bridgestone finalizes South Africa plant closure

      Explore Tire Technology International Executive News

      Following a consultation with workers and unions, Bridgestone South Africa (BSAF) says it has finalized the process to close down its agri tire manufacturing plant in Port Elizabeth, Eastern Cape, South Africa. In August, the company announced a proposal to close the Port Elizabeth facility. The plant’s last day of operation will be November 15.

      Jacques Fourie, BSAF chief executive, explained, “The proposal to close the plant was not taken lightly and the impact on employees has been taken into account from the outset. We endeavored to treat employees with the utmost compassion and fairness to support them through the change, while adhering to all legal requirements and due diligence.”

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      Mentions: tire manufacturing africa Bridgestone

    10. Nikolai Setzer to Succeed as CEO of Continental

      Explore Automotive News Europe Executive News

      Continental CEO Elmar Degenhart is stepping down amid a push by the supplier to overhaul management and speed up structural changes.

      Degenhart, 61, is resigning his post "for reasons of immediately necessary preventive health care," Continental said in a statement on Thursday.

      The company did not name Degenhart's successor. It said its supervisory board will meet shortly to decide on the appointment of a new CEO.

      Degenhart will be succeeded by the head of the supplier's core automotive operations, Nikolai Setzer, Bloomberg reported, citing people familiar with the matter.

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      Mentions: automotive global executive news

    12. “Falken Says Tanks” Campaign Honoured with Special Design Award 2021

      Explore Falken Tyres Events , Executive News

      Falken and the digital marketing specialist Pixelgenau have been honoured with the German Design Award 2021 in the “Special Mention” category for the sales campaign “Falken says tanks”.

      With this award, the top-class jury – comprised of design experts from industry and commerce, science, and design sectors – recognises the consistent design concept and its implementation. The members of the expert jury, originating from nine countries, award this seal of approval for innovative design, selecting recipients from around 5,000 entries in each category of the German Design Awards.

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      Mentions: Sumitomo Rubber Falken Tire award

    13. Michelin Revises Its Guidance for 2020 Upwards

      Explore Send Press Releases with GlobeNewswire Executive News , Industry Statistics

      Outlook for 2020: in a still highly uncertain environment, and taking into account the recent change in tire demand, Passenger car and Light truck tire markets are expected to decline by 13% to 15% over the year, Truck tire markets by between 12% and 14% and the Specialty markets by 15% to 19%. With these new forecasts and the cost reductions linked to the circumstances, the Group is revising its guidance for 2020 upwards, with segment operating income in excess of €1.6 billion at constant exchange rates and structural free cash flow* in excess of €1.2 billion, barring any new systemic effect** from Covid-19.

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      Mentions: tire market europe asia

    14. Trelleborg Interim Report: July - September 2020

      Explore Trelleborg AB Executive News , Industry Statistics

      “During the third quarter, sales declined 12 percent, of which organic sales declined 7 percent. Exchange rate effects had a negative impact on sales of 5 percentage points. EBIT, excluding items affecting comparability, declined 4 percent, corresponding to an operating margin of 12.9 percent (11.7). The operating margin for our core businesses amounted to 13.7 (13.3). Operating cash flow, in relation to operating profit, was strengthened significantly. ...

      We see today that new local restrictions are being imposed as the spread of the infection continues. We foresee a tougher climate during the fourth quarter of the year, not least in the oil & gas segment, and a recovery in the aerospace segment will not occur until further into the future. We continue to adapt to the constantly changing conditions and we are doing this well. However, our general assessment in the current situation is that demand for the ...

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      Mentions: global report Trelleborg

    15. Enviro expects final partnership agreement with Michelin during the fourth quarter

      Explore news.cision.com Environment & Sustainability , Executive News

      Scandinavian Enviro Systems (publ) and the French global tyre manufacturer Michelin assess that a final agreement regarding a strategic partnership is expected to be reached during the fourth quarter 2020 instead of before the end of October, which Enviro has previously communicated. The reason for the delay is the ongoing pandemic which has led to protracted negotiations.

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      Mentions: global Michelin sustainability

    16. AirBoss Announces Acquisition of 100% Ownership of Airboss Defense Group

      Explore Send Press Releases with GlobeNewswire Executive News

      NEWMARKET, Ontario, Oct. 26, 2020 (GLOBE NEWSWIRE) -- AirBoss of America Corp. (TSX: BOS) (the "Company" or "AirBoss") today announced that it has acquired the 45% minority interest in AirBoss Defense Group ("ADG") that it does not currently own from Critical Solutions Holdings, LLC (“CSH”) (the “Transaction”). All figures USD unless otherwise noted.

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      Mentions: airboss Mergers and Acquisitions

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

      Explore Reuters.com Executive News

      (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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      Mentions: united states agricultural Tire and Rubber Association of Canada

    19. Giti Tire Plant Earns Pair of Management Certifications

      Explore Tire Review Executive News

      Giti Tire Manufacturing Ltd. has received two quality management certifications for ISO 9001-2015 and IATF 16949-2016. Giti and GT Radial brands are manufactured at the plant. ISO 9001 is the international standard that specifies requirements for quality management systems (QMS). Organizations use the standard to demonstrate the ability to consistently provide products and services that meet customer and regulatory requirements.

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      Mentions: giti tire tire manufacturing automotive

    20. Nexen Tire Debuts New Podcast

      Explore Tire Review Automotive , Executive News
      Nexen Tire Debuts New Podcast

      Nexen Tire America, Inc. is debuting a new podcast, the Nexen Tire Talk Show.John Hagan, Nexen Tire’s executive vice president of sales, will host the podcast and deliver the latest on tire- and automotive-industry news. The podcast provides listeners with the inside scoop on tire releases, company updates, motorsports involvement, tire manufacturing, tire technology and more. Seven podcast episodes are already available for streaming.

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      Mentions: Nexen Tire tire manufacturing automotive

    21. Franco Annunziato confirmed as President of ETRMA

      Explore etrma.org Executive News , Tire Stewardship

      The Board of Directors of the European Tyre and Rubber Manufactures’ Association gave a strong signal of commitment and continuity to face the actual macroeconomic scenario, via the confirmation of the presidency to Mr Franco Annunziato, Bridgestone Vice president and Senior Advisor. In the same meeting, Mr Joan Vicenç Durán, from Consorcio Nacional de Industriales del Caucho, was elected Vice President. Both functions are effective as of 1st January 2021 for a three-year mandate.

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      Mentions: europe Bridgestone Management

    22. Yokohama to consolidate off-highway tire business under new global entity

      Explore Traction News Executive News
      Yokohama to consolidate off-highway tire business under new global entity

      Yokohama Rubber announced that it will consolidate its various off-highway businesses into one single entity. This will include Alliance Tire Group (ATG), which Yokohama bought four years ago and Yokohama’s off-the-road (OTR) tire businesses across the globe. This new entity, named Yokohama Off-Highway Tires, will have a global footprint with leadership team distributed between Tokyo, Boston, Amsterdam and Mumbai.

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      Mentions: Yokohama Tire otr tires off the road

    23. Yokohama’s Prometeon bid: Delayed by Covid, but nearing completion

      Explore Tyrepress Executive News
      Yokohama’s Prometeon bid: Delayed by Covid, but nearing completion

      Japanese tyre and rubber manufacturer Yokohama is planning to invest into and even buy Prometeon, the new name for the former Pirelli commercial and industrial tyre manufacturing operation, according to a range of sources. Tyres & Accessories first heard this news in July and then the Italian financial press subsequently suggested that Prometeon’s shareholders were considering restructuring Prometeon’s ownership. Yokohama is understood to be leading the suitors.

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      Mentions: Mergers and Acquisitions Yokohama Prometeon

    24. TIA opens registration for Membership/Honors events

      Explore Traction News Executive News
      TIA opens registration for Membership/Honors events

      Tire Industry Association’s (TIA) opens registration for the online Annual Membership Meeting and 2020 Tire Industry Honors program. Attendees can register at https://www.tireindustry.org/global-tire-expo-sema-show.

      Both events are being held virtually this year using the Zoom platform, since the live Global Tire Expo/SEMA Show in Las Vegas will not take place this November.

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      Mentions: Tire Industry Association Management
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