Skip to main content
EVENT TRACKER
Keep track of rescheduled, canceled industry events with our COVID-affected event tracker - Powered by Snap Finance
Close
Sister Publication Links
  • Rubber & Plastics News
  • European Rubber Journal
tb-logo
Subscribe
  • Login
  • Register
  • Subscribe
  • News
    • OPINION
    • CORONAVIRUS
    • AUTO INDUSTRY
    • BUSINESS/FINANCIAL
    • COMMERCIAL TIRE
    • FACTORY FIXES
    • GOVERNMENT & LAW
    • INTERNATIONAL
    • MOTOR SPORTS
    • NEW PRODUCTS
    • RETAIL TIRES
    • SERVICE ZONE
    • SEMA/AAPEX
    • SMALL BUSINESS
    • TIRE MAKERS
    • SPONSORED CONTENT
    • New round of Paycheck Protection Program funding opens
      Vaccine may usher sense of normalcy
      Cover-up: More retailers requiring face masks to curb COVID
      USW alleges COVID-19 violations at Kumho plant
    • Stengel promoted to president of NAPA parent Genuine Parts Co.
      Former auto exec Tyrone Jordan joins Cooper board of directors
      Bridgestone crafts virtual city to showcase sustainable-mobility initiatives
      Ford, Hyundai earn 2021 top North American vehicle honors
    • New round of Paycheck Protection Program funding opens
      H&H broadens precure OTR business with Continuum mold acquisition
      Apollo to raise prices of Vredestein brand, effective March 1
      Taiwan tire makers propose settlement of import duties case
    • Gary Price to head Love's Truck Care operations
      TA opens 6th Oregon location, bringing 50 jobs to area
      Love's opens Speedco shops in Ariz., Calif., Ga.
      TIA adds more Spanish language training
    • New round of Paycheck Protection Program funding opens
      Taiwan tire makers propose settlement of import duties case
      Wireless auto data debate continues
      World rubber demand in 2021 to recover to 2019 levels — IRSG
    • Point S Canada adds 61 stores to network in 2020
      New round of Paycheck Protection Program funding opens
      Ferentino Tyre opens Sri Lanka plant; eyes exports to U.S., Europe
      Sailun to expand Vietnam plant capacity over three years
    • TGI secures Cosmo-brand naming rights at Fla. race track
      Firestone Grand Prix of St. Petersburg postponed until April
      MotoGP extends Dunlop race tire contract through 2023
      Revived Yokohama Drivers Cup to feature Ferrari, Porsche models
    • Kumho launches commercial LT, performance tire lines
      The new One: Nokian unveils all-season passenger tire
      Ford, Hyundai earn 2021 top North American vehicle honors
      BKT expanding its ATV/UTV lineup with Sierra Max Pro radials
    • Point S Canada adds 61 stores to network in 2020
      J.D. Power survey: Quick greeting key to customer satisfaction
      Apollo to raise prices of Vredestein brand, effective March 1
      Marko Ibrahim promoted to president, Bridgestone Retail Operations
    • Point S Canada adds 61 stores to network in 2020
      J.D. Power survey: Quick greeting key to customer satisfaction
      ASE opens registration for upcoming certification testing
      Bolt On, Global Payments aim for easier text payments for auto repairs
    • Denver's Brian Sump named AAPEX Shop Owner of the Year
      DUB, TIS Wheels founder Myles Kovacs is SEMA Person of the Year
      AAPEX: Using social media to promote your business
      AAPEX: Road trips trending, commuting on the wane
    • Vaccine may usher sense of normalcy
      2020 Review: PPP loans give boost to small businesses
      Latest COVID relief bill includes $325B in small-business support
      AAPEX: Do more cars in the shop mean more profit?
    • Apollo to raise prices of Vredestein brand, effective March 1
      Taiwan tire makers propose settlement of import duties case
      Kumho launches commercial LT, performance tire lines
      Michelin completes rigid dump-truck tire lineup
    • Sponsored By Yokohama Tire Company
      7 questions to ask consumers when they need tires for a crossover SUV
      Sponsored By Yokohama Tire Company
      Stocking Tires for Crossover SUVs
  • SHOP FLOOR
    • BALANCING
    • DEMOUNTING
    • SAFETY
    • TIRE REPAIR
    • TPMS
    • TRAINING
    • VEHICLE LIFTING
    • WHEEL TORQUE
    • Video: Balancing Tire
      Choosing the right balancing equipment
      Safety tips for wheel balancing
      An introduction to wheel balancing
    • Video: Demounting
      Demounting Equipment
      Making rims ready for a tight seal
      Tire changer types, tips and trends
    • Video: Safety
      Making friends with OSHA
      Ergonomics on the shop floor
      Customers
    • Video: Tire Repair
      Tire repair: Shining a light on visual inspections
      Staying safe when repairing a tire
      Essential tools, materials and equipment for tire repair
    • Video: TMPS Service
      Decoding sensor data for TPMS diagnosis
      Replacement TPMS sensor overview
      The life-saving work of TPMS
    • Video: Training
      Advantages of apprentice program partnerships
      Options and resources for CE tech training
      Internship ideas to attract tech talent
    • Video:Vehicle Lifting
      All types of lifts for all types of work
      Tips and recommendations for lifting safety
      The gravity of proper lift points
    • Video: Wheel Torque
      Using torque sticks to speed service times
      The danger of too much, too little torque
      The importance of torque specifications
  • Multimedia
    • VIDEOS
    • PHOTOS
    • PODCASTS
  • Events
    • ASK THE EXPERT
    • LIVESTREAMS
    • WEBINARS
    • SEMA LIVESTREAMS
  • Data
    • DATA STORE
  • Resources
    • DIRECTORY
    • CLASSIFIEDS
  • ADVERTISE
  • DIGITAL EDITION
MENU
Breadcrumb
  1. Home
  2. News
February 06, 1995 01:00 AM

NEWS IN BRIEF: FOUR MORE FIRMS TO HIKE TIRE PRICES

  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    AKRON-Bridgestone/Firestone Inc., Dunlop Tire Corp., Toyo Tire (U.S.A.) Corp., Yokohama Tire Corp. and Denman Tire Corp. are the latest firms to announce tire price increases due to escalating raw material costs. BFS will raise prices 3 to 5 percent on most Bridgestone and Firestone replacement tire lines and 3 to 4 percent on all Dayton Tire Co. tire lines. All BFS price increases will be effective March 1, except for a few product lines that will go up in price April 1.

    Dunlop will boost its prices 3 to 4 percent, Denman will increase prices 3 to 5.5 percent and Yokohama will hike Yokohama and Mohawk brand prices 3 to 5.5. percent, all on March 1, the three firms said.

    Effective March 1, Toyo said its prices will rise 3 percent on passenger, light truck tires and tubes, 4 percent on off-road tires and OTR tubes, and 4.5 percent on truck and bus tires and tubes.

    Kumho U.S.A. Inc. is reviewing the situation, a spokesman said.

    NTDRA taps Wilson as general manager

    WASHINGTON-The National Tire Dealers & Retreaders Association has appointed Don Wilson general manager of finance, administration and government relations, effective Jan. 1, replacing John Mamone, who left the association Dec. 20.

    The NTDRA also said it will hire a director of finance to manage its day-to-day financial operations.

    Mr. Wilson had served as the association's director of government relations since 1984.

    Treadco's profits, sales climb in '94

    FORT SMITH, Ark.-Treadco Inc. reported higher sales and profits for the year ended Dec. 31, 1994.

    Treadco's sales climbed 24.2 percent over the year earlier period to $140.7 million in 1994, while net income rose 11.6 percent to $6.5 million from $5.8 million in 1993.

    Operating margins, however, dipped to 7.9 during the year from 8.5 percent in 1993, according to President J.J. Seiter, who said a supplier's tread rubber price increase last October was difficult to pass on to customers.

    For the quarter, earnings were flat at $1.92 million, despite an 8.9-percent increase in sales.

    Bandag increases year-end sales 10%

    MUSCATINE, Iowa-Bandag Inc. reported 1994 sales of $650.6 million, an increase of 10.2 percent over 1993.

    Net earnings jumped 19 percent during the year to $94 million, up from $78.7 million.

    Bandag said fourth-quarter sales of $183.6 million grew 14.2-percent; earnings rose 19.7 percent to $27.6 million.

    30 tire companies join NTDRA show

    WASHINGTON-Thirty tire manufacturers, private brand firms and distributors have committed to exhibiting at the National Tire Dealers & Retreaders Association's 75th Anniversary Convention and Trade Show in New Orleans, Oct. 11-14.

    Those firms are: Alliance Tire Co., American Jawa, American Industrial Tire, Avon Tyres Ltd., Carlisle Tire & Rubber Co., Continental General Tire Inc., Coker Tire Co. Inc., Cooper Tire & Rubber Co., Dayton Tire, Dean Tire & Rubber Co., Denman Tire Corp., Dunlop Tire Corp., Dynastar International, Falken Tire Corp., Fleetwood Marketing, Gans Tire Co. Inc., Gillette/Peerless Tire Group, Goodyear, Greenball Corp., Hankook Tire America Corp., Industrial Tire Exchange, Jetzon Tire & Rubber Co., KRT Stomil, Kumho U.S.A. Inc., Michelin North America Inc., Nokia Tyres Ltd., Seyen International Inc., Shinko Tire USA, Taurus Rubber Co. Ltd. and Woosung Tire Corp.

    URW boosts fund to support strikers

    LAS VEGAS-The United Rubber Workers union voted Jan. 24 to hike the strike fund dues of its 94,000 members as of March 1.

    The URW has spent $17 million in supporting 8,000 members during strikes since ended at Dunlop Tire Corp. and Yokohama Tire Corp., and on-going walkouts at Bridgestone/Firestone Inc. and Pirelli Armstrong Tire Corp.

    Meanwhile, BFS and Pirelli continue to negotiate with URW officials concerning the union's latest contract proposals.

    AKH Co. appoints new CEO, president

    CITY OF COMMERCE, Calif.-AKH Co. Inc., doing business as Discount Tire Centers, has named Hratch Andonian as CEO and John Andonian as president, two positions previously held by founder Andy Andonian.

    The two appointments allow Andy Andonian, who remains chairman of the board, to ``look into other ventures in expanding the company,'' the firm said.

    The firm also said Ross Perian has been named vice president of operations.

    Our Feb. 20 issue will include the annual ``Scrap Tire Special Report,'' with market data and a processing company directory.

    ##

    Letter
    to the
    Editor

    Do you have an opinion about this story? Do you have some thoughts you'd like to share with our readers? Tire Business would love to hear from you. Email your letter to Editor Don Detore at [email protected].

    SIGN UP FOR NEWSLETTERS
    EMAIL ADDRESS

    Please enter a valid email address.

    Please enter your email address.

    Please verify captcha.

    Please select at least one newsletter to subscribe.

    Newsletter Center

    Staying current is easy with Tire Business delivered straight to your inbox.

    SUBSCRIBE TODAY

    Subscribe to Tire Business

    SUBSCRIBE
    Connect with Us
    • Facebook
    • LinkedIn
    • Twitter
    • RSS

    Our Mission

    Tire Business is an award-winning publication dedicated to providing the latest news, data and insights into the tire and automotive service industries.

    tb-logo
    Reader Services
    • Contact Us
    • About Us
    • Site Map
    • Industry Sites
    • Order Reprints
    • Customer Service: 877-320-1716
    Partner Sites
    • Rubber & Plastics News
    • European Rubber Journal
    • Automotive News
    • Plastics News
    • Plastics News China
    • Urethanes Technology
    RESOURCES
    • Advertise
    • Privacy Policy
    • Privacy Request
    • Terms of Service
    • Media Guide
    • Editorial Calendar
    • Classified Rates
    • List Rental
    • Digital Edition
    • Careers
    • Ad Choices Ad Choices
    Copyright © 1996-2021. Crain Communications, Inc. All Rights Reserved.
    • News
      • OPINION
      • CORONAVIRUS
      • AUTO INDUSTRY
      • BUSINESS/FINANCIAL
      • COMMERCIAL TIRE
      • FACTORY FIXES
      • GOVERNMENT & LAW
      • INTERNATIONAL
      • MOTOR SPORTS
      • NEW PRODUCTS
      • RETAIL TIRES
      • SERVICE ZONE
      • SEMA/AAPEX
      • SMALL BUSINESS
      • TIRE MAKERS
      • SPONSORED CONTENT
    • SHOP FLOOR
      • BALANCING
      • DEMOUNTING
      • SAFETY
      • TIRE REPAIR
      • TPMS
      • TRAINING
      • VEHICLE LIFTING
      • WHEEL TORQUE
    • Multimedia
      • VIDEOS
      • PHOTOS
      • PODCASTS
    • Events
      • ASK THE EXPERT
      • LIVESTREAMS
      • WEBINARS
      • SEMA LIVESTREAMS
    • Data
      • DATA STORE
    • Resources
      • DIRECTORY
      • CLASSIFIEDS
    • ADVERTISE
    • DIGITAL EDITION