HANNOVER, Germany-General Tire posted a net loss of $22.9 million in 1993 due primarily to reduced business with the independent tire trade, according to parent Continental A.G. Nevertheless, Conti said management is confident General will improve its results this year, based on the recovering American economy, a sensible contract agreement with labor and a new management team and strategy that ``not only will cultivate private-brand and dealer chain business but also intensify efforts to boost sales to independent dealers.''
General's sales in the U.S. and Canada were up slightly on a direct comparison basis to $1.3 billion. Including results from activities in Mexico divested in 1992, sales fell slightly.
While unit sales of and revenue from truck tires and original equipment passenger car tires grew in 1993, the drop in business with the ``traditional'' tire trade and resultant attempt to remedy this trend by cutting prices resulted in unsatisfactory earnings, Continental reported.
Gooyear establishes joint venture in China
AKRON-Goodyear has entered into a joint venture with Dalian Rubber General Factory, becoming the first major Western tire company to establish a manufacturing presence in China.
Upon approval by the Chinese government, the agreement, signed April 27, will create Goodyear Dalian, a manufacturing venture owned 75 percent by Goodyear and 25 percent by Dalian.
Goodyear expects to invest $30 million and will upgrade the Dalian plant in Liaoning Province on the country's east coast. Goodyear plans to increase the plant's production of radial passenger tires from 1 million per year to 1.4 million.
TBC's Bruce to step down from CEO post
MEMPHIS, Tenn.-Marvin E. Bruce, 65, will retire as CEO of TBC Corp., effective July 1.
Mr. Bruce, who has been the company's CEO since 1973, will continue to serve as chairman.
TBC said President and Chief Operating Officer Louis S. DiPasqua, 59, is expected to succeed Mr. Bruce as CEO of the Memphis-based marketer/distributor of private-label tires and automotive products.
General's Ill. plant garners Shingo Prize
AKRON-General Tire's plant in Mount Vernon, Ill., will receive the 1994 Shingo Prize for Excellence in Manufacturing on May 11, becoming the first tire company to receive the award since its inception in 1988.
Considered the U.S. equivalent of Japan's Deming prize, the Shingo award is presented annually to North American manufacturers that demonstrate excellence in areas of productivity and quality improvement.
The Mount Vernon facility, General's only plant for medium radial truck/bus tires, is also home to the GTY Tire Co. joint truck tire production venture among General, Toyo Tire & Rubber Co. Ltd. and Yokohama Rubber Co. Ltd.
Forn New Holland to sell AirBoss tires
MISSISSAUGA, Ontario-IATCO Industries Inc., manufacturer and marketer of AirBoss non-pneumatic off-road tires, has entered into an agreement to supply tires for Ford New Holland Inc.'s skid-steer loaders.
Ford New Holland also will distribute AirBoss tires through its network of 1,700 dealers in North America beginning May 1.
As part of the agreement, AirBoss tires will be factory installed as optional equipment at Ford New Holland's production facility in Belleville, Pa.
Ford New Holland manufactures construction and agricultural equipment.
Goodyear 300 Series wins technical award
AKRON-The Truck Writers of North America has awarded the Goodyear Unisteel 300 Series of commercial truck tires its 1993 Technical Achievement Award.
The organization cited the tire line, among a group of five products, as having the most potential in helping fleets reduce costs.
Goodyear said the 300 Series line, introduced in January 1993, has become the best-selling commercial truck tire line in the tire manufacturer's history.
The 300 Series line features axle-specific rubber compounds to promote even wear in all wheel positions and an improved casing design to extend original wear and ensure future retreading.
RMA offers updated industry fact book
WASHINGTON-The Rubber Manufacturers Association has released its 1993 Tire Industry Facts publication.
The reference book includes industry information updated since its 1992 edition, as well as North American tire data; size popularity for wide base, heavy and large OTR tires; industry productivity rates; and a listing of organizations key to the tire industry.
The book costs $60; an electronic spreadsheet version, with data from 1929-93, is $1,000.
To order, contact RMA Information & Statistics, 1400 K St. N.W., Washington, D.C. 20005-2403; (202) 682-4863.