07.12.2011 Michelin Considers New Investment in Eastern Europe, ZF Reports

Michelin & Cie., (ML) the world’s second- largest tire maker, may expand in eastern Europe, Ziarul Financiar reported today, citing Chief Executive Officer Michel Rollier.

11.07.2011 Korean firms to build plants in SA

Several South Korean companies are planning to establish multibillion-rand manufacturing plants in SA, boosting the Asian manufacturing powerhouse’s presence in SA’s economy.

14.02.2011 Goodyear Announces 2010 Results, Plant Closure Plans

Goodyear Tire & Rubber Co. recently reported its fourth quarter and full-year 2010 financial results, as well as announcing it plans to close its Union City, Tenn., plant.

11.02.2011 Eurotire opens Kazakhstan location

Eurotire has opened up a new location in Karaganda, Kazakhstan. Karaganda is located in Kazakhstan`s northeast mining region, an area rich in both coal and hard rock mining.

10.02.2011 Kumho Petrochemical to sell its share in Kumho Tires

Kumho Petrochemical aims to exit the debt workout programme it has undertaken for the past year by the end of 2011.

09.02.2011 Toyo: Dealers to benefit with hiring of Furman as new COO

Marty Furman is the new chief operating officer at Toyo, managing technical services, sales, marketing and pricing.

08.02.2011 Kumho creditors mull block sale of $1.3 bln Daewoo E&C stake

Creditors of South Korea`s Kumho Asiana Group are considering selling a 1.46 trillion won ($1.33 billion) stake in Daewoo Engineering & Construction Co Ltd.

07.02.2011 Bridgestone`s 12% Truck Tyre Price Hike Won`t Cover Increased Costs - Analysts

Bridgestone`s decision to impose a drastic 12 per cent increase of North American truck and bus tyre prices in only likely to recoup roughly a fifth of the increased rubber costs the tyre manufacturer has had to pay recent.

02.02.2011 Continental Looking at Loan Reworks

Various news reports say that Continental AG is in negotiations with banks to refinance some $7.2 billion in loans that will come due in 2012.

31.01.2011 Nexen Setting Up European Technology Centre

Korean tyre manufacturer Nexen is in the process of establishing a European Technical Centre in Frankfurt/Hochst, Germany.