Tag: tire

Goodyear to cut capacity at German tyre plant

US tyre firm Goodyear Tire & Rubber says it will cut production capacity at its Fulda, Germany, tyre manufacturing facility by around 50% by year-end 2024. This move will result in approximately 550 job cuts. The company estimates that the…

Purcell expands with Callender Tire acquisition

Purcell Tire & Rubber Co., based in Missouri, has acquired the Colorado-based tire dealership Callender Tire Inc. Purcell, one of the largest retreaders in the United States, expects the acquisition to broaden the market reach of its specialty retread product,…

Kumho Chairman making a bid for control in company

After last month’s news that China’s Doublestar would by the likely buyer of Kumho Tire https://rubberjournalasia.com/kumho-likely-to-be-sold-to-chinas-doublestar/, it now appears that Kumho Asiana Group Chairman Park Sam-Koo has raised nearly US$870 million to buy back a controlling stake in the group’s…