News from Notch Consulting, Inc.

January 26, 2012

Titan expanding at Union City

Filed under: Tires — Notch @ 9:25 am

Titan Tire plans to create 300 jobs by year’s end at its Union City, Tenn., plant at the location of the former Goodyear Tire & Rubber facility.

Titan Tire chairman Bill Campbell told the Union City Daily Messenger that the company will use the local plant to produce and redistribute materials to other Titan Tire plants, including “utilizing a process that squeezes rubber onto fabric (nylon and polyester) and blends rubber and steel strands that will be used as tire belts for Titan Tire.”

Titan Tire purchased the Goodyear plant for $9 million last September after it shut down earlier in the year.

Pirelli tire data present mixed results by region, sector

Filed under: Tires — Notch @ 8:57 am

Pirelli’s Tyre Market Watch data for December 2011 show mixed results by region. NAFTA car and light truck tire sales volumes were up solidly in OE markets but down in replacement. NAFTA’s truck tire sales were up very strongly in OE markets (+44% in December yoy and +55% in December ytd), while truck tire replacement sales were down slightly in December yoy but up 3% in December ytd. Note: yoy refers to Dec 2011 versus Dec 2010, while ytd refers to Jan to Dec 2011 versus Jan to Dec 2010.

In Europe, car and light truck tire sales volumes were mixed as solid ytd figures were offset by a weak December. OE car and light truck tire sales were up 3% in December ytd but down 9% in December yoy. Replacement car and light truck tire sales were up 3% by December ytd but down 17% in December yoy. European OE truck tire sales were up 32% in December ytd, offset by an 8% decline in December yoy. Truck tire replacement markets were down 1% in December ytd, with December yoy sales down 25%.

For the Mercosur region, OE car and light truck tire sales were up 2% in December ytd but down 7% in December yoy, while replacement car and light truck tire sales were up 1% in December ytd and up 9% in December yoy. Mercosur OE truck tire sales were up 11% in December ytd and up 28% in December yoy, while replacement truck tire sales were down 1% in December ytd and down 17% in December yoy.

Mitas produces first tire in Iowa

Filed under: Carbon Black, Rubber Chemicals, Tires — Notch @ 7:41 am

Farm and industrial tyre manufacturer Mitas Tires North America Inc. has cured its first test tyre at its new plant in Charles City, Iowa. Mitas is part of CGS Holding, a Czech company.

“Mitas can make tires in Iowa,” said Pavel Charvat, president and plant director, said in a press release. “This test tire is the first tire produced by Mitas on the American continent. Now, Mitas is tweaking the machinery, streamlining processes and training workers for the Charles City plant to be ready for serial production in April.” The exact date of the official opening of the plant and start of serial production will be announced in due course.

Mitas has earmarked $52 million for the Charles City investment. The factory capacity is slated to reach production of more than 12,000 metric tons of radial agricultural and industrial tires by 2013.

Here is the full press release.

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