MONTGOMERYVILLE, Pa.-Due to what it called a ``dramatic'' increase in its sales and customer base in Southern California, Jetzon Tire & Rubber Co. moved its distribution center in the region to a 26,600-sq.-ft. facility in Rancho Dominguez, effective Feb. 28. The company said its previous 10,000-sq.-ft. facility in Gardena, Calif., could no longer accommodate the inventory necessary to provide the type of service the company desired to deliver to its growing dealer network.
AKRON-Goodyear is proceeding with plans to hire another company to handle its data processing work.
This outsourcing would result in 191 workers-almost one-third of Goodyear's information services group-transferring to a new company. By outsourcing, Goodyear will pay only for the data processing it actually needs, rather than paying an entire full-time staff.
``Unless we find a reason not to..., the transfer could take place as early as April or May,'' a Goodyear spokeswoman said.Myers posts sales,
Myers posts sales, earnings records
AKRON-Myers Industries Inc., parent of Myers Tire Supply and Patch Rubber Co., reported record earnings of $17.8 million in 1994, a 15.8-percent improvement over 1993, on an 11.8-percent jump in sales to a record $274.1 million.
For the quarter, net income grew 15.3 percent to $5.32 million, as sales leaped 20.8 percent to $79.7 million, both records.
Cooper Tire & Rubber Co. plans to invest $14.4 million to build a plant to make tire molds at a site near the company's Findlay, Ohio, headquarters. The 50,000-sq.-ft. facility is scheduled to begin production in mid-1996 and reach full capacity in early 1998. Until now, Cooper has contracted with outside companies to make its molds.
American Racing Equipment broke ground in January for a $40 million wheel manufacturing plant in Warsaw, Ky. The 150,000-sq.-ft. facility, due to begin production in July, will supply wheels to the original equipment market.
Arvin Industries Inc. has completed the previously announced sale of Schrader Automotive Inc. to an affiliate of Kohlberg & Co., a New York-based merchant banking firm, for about $41 million.
Schrader is a manufacturer of tire valves and related products.
TBC Corp.'s board of directors has approved the repurchase of 1.5 million additional shares of the company's common stock, part of an ongoing repurchase program begun in 1986. The company said it has nearly completed the repurchase of 1.5 million shares authorized last August.
TBC repurchased and retired 2.1 million shares in 1994, and another 1.2 million thus far in 1995. It currently has 25.1 million shares outstanding.
Hercules Rubber Co. said the General Services Administration has approved Hercules' 2272 rubber compound for mold cure, light truck retreads, and these tires now appear on the federal Qualified Products List, QPL-ZZ-T-381, along with the company's precured tread rubber line.