Category: Industry News

Hankook to build technical office in Spain

Hankook Tire Co. Ltd. and Spain’s Applus+IDIADA, an independent automotive engineering concern, have agreed to work together on a variety of research initiatives to support Hankook’s expanding OE business in Europe. As part of the contract, Hankook is opening a…

ContiTech’s acquisition of Veyance to finalize in Q4

The acquisition of Veyance Technologies Inc. by ContiTech A.G. is proceeding along relatively smoothly and should be finalized by the fourth quarter. ContiTech expected that antitrust authorities would investigate the planned transaction “with appropriate effort” when it announced the deal…

Nokian Tyres reports net sales decrease in first half

Nokian Tyres Group’s Net sales decreased by 11.8% to EUR 369.5 million (EUR 419.1 million in 4-6/2013). Operating profit was EUR 90.7 million (120.2). Profit for the period amounted to EUR 66.1 million (85.6). Earnings per share amounted to EUR…

Green Tokai plans to extend Kentucky plant

Green Tokai, which supplies rubber, plastic and injection-molded parts for the automotive industry, plans to grow its weather stripping and auto trim facility. The expansion will create 24 additional jobs and the company will invest $4.4 million into the project.…

Toyo new tyres takes road tour

Toyo Tire USA Corp. has hit the road with an “All or Nothing Road Tour” to get its top dealers up-to-speed on the features and benefits of two new Toyo tyres, the Open Country R/T for light trucks and the…