CHAMBERSBURG, Pa.-Bandag Inc. will sell and service the IMI Contour Tire Painter, International Marketing Inc. has announced. The Bandag Coutour Tire Painter is the latest generation of the IMI Tire Painter and is designed to paint most 16- through 24-inch tires in less than six seconds, IMI said.
The Bandag tire painters are available for immediate delivery.
Kumho to open N.J. warehouse
FONTANA, Calif.-Kumho U.S.A. Inc. plans to open a new 50,000-sq.-ft. warehouse, in Dayton, N.J., in April, closing a similar facility in Norfolk, Va.
The new location is more strategically located, said President Jong Kahng, and is part of the company's ``ongoing commitment to continually improve its distribution to dealers.''
The new facility will hold 40,000 tires of all types, has room for expansion and will enable Kumho to more easily provide products to dealers in a 15-state market area, the company said.
Kumho's other warehouses are located in Memphis, Tenn., and Fontana.
Yokohama tires Rolex 24 winner
FULLERTON, Calif.-A Nissan 300ZX, shod with Yokohama AVS racing tires, won the Rolex 24, a 24-hour continuous race at Daytona International Speedway in Daytona, Fla., Feb. 5-6.
The Nissan completed 707 laps and traveled a production-car record 2,516.92 miles, according to Yokohama Tire Corp. The nearest competitor was 24 laps behind.
Yokohama said races such as the Rolex 24 help keep the firm at the forefront of tire development with technology that is incorporated into its consumer tire products.
Myers posts record results
AKRON-Myers Industries Inc., parent of Myers Tire Supply and Patch Rubber Co., reported record results for the fourth quarter and full year ended Dec. 31.
For the year, net income jumped 17.4 percent to $15.4 million, compared with $13.1 million in 1992. Sales grew 6.9 percent to $245.1 million from $229.3 million.
In the fourth quarter, the company's net income climbed 13.3 percent to $4.62 million from $4.07 million as sales grew 3.7 percent to $66 million from $63.6 million in the 1992 period.
CEO Stephen E. Myers said the results are the best in the company's 60-year history and reflect, in part, a return on development programs and capital investments the company has made in the past five or six years.
General Tire has received the Key Supplier award, one of Deere & Co.'s highest honors for quality. The award is based upon evaluations of quality, delivery and technical assistance. General supplies small loader and grader tires to the John Deere facility in Davenport, Iowa.
Bridgestone/Firestone Inc.'s Wilson, N.C., tire plant received General Motors Corp.'s Mark of Excellence distinction Feb. 3. The award is the highest honor presented by the automaker to suppliers in its Targets for Excellence worldwide supplier assessment program, BFS said.