ESSEN, Germany-Pirelli Tyre Holding N.V. will cease truck tire production at its Burton-on-Trent, England, factory as part of a continuing consolidation of its truck tire business. The move comes less than 18 months after Pirelli said Burton would become one of the three plants in Europe to focus on truck tire production. The firm will now source truck tires for Europe from plants in Turin, Italy, and Izmit, Turkey.
Declining overall market conditions for truck tires have forced the Pirelli Group to re-evaluate production capacity in Europe, the firm said.
-By Bruce Davis, Europe correspondent.
China Tire's income up 6.2%
NEW YORK-China Tire Holdings Ltd., whose shares are traded on the New York stock exchange, reported a 6.2 percent increase in consolidated income to $5.5 million in 1993. Sales for the year grew 46 percent to $108.3 million.
Incorporated in Bermuda, China Tire Holdings is a holding company with controlling interests in six tire manufacturing concerns in China. Its principal subsidiaries include Double Happiness Tyre Industries Corp. in Taiyuan, Shanxi Province, Hangzhou Zhongce Rubber Co. Ltd. in Hangzhou, Zhejiang Province. In 1993, consolidated sales for these two units rose 46 percent, while motor vehicle tire production grew 38.8 percent, China Tire said.
conti seeks non-tire partner
HAMBURG, Germany-Cooper Tire & Rubber Co. is among the firms Continental A.G. is considering as a joint venture partner for its ContiTech Holding GmbH. non-tire unit to produce automotive components in North America.
Conti continues to negotiate with ``several'' potential partners, but Cooper has emerged as a likely candidate because it has plants in Mexico as well as the U.S.
A Cooper spokesman confirmed the company and Conti have held discussions, but said nothing has been formalized.
Continental is seeking a non-tire partner in North America in order to supply new car plants being built by Mercedes-Benz A.G. and BMW A.G. in the U.S., as well as Mercedes and Volkswagen A.G. operations in Mexico.