WARREN, Ohio-While noting it was ``premature to talk about it,'' Charles Wright, president of Denman Tire Corp., confirmed his company is ``exploring the possibilities'' of a merger with Fidelity Tire Manufacturing Co. ``We're trying to put the two companies together,'' he said, though no target date has been set for a possible merger. ``It's not that firm.*.*.*but maybe in a few weeks'' there will be something to report, he added.
Fidelity, which has a medium truck and farm tire plant in Natchez, Miss., is a subsidiary of Hamden, Conn.-based Condere Corp. Don Goss, president of Condere's ServisFleet Tire Co. division-which has its tires made by Fidelity-said ``a non-binding letter of intent'' concerning a merger has been signed between Fidelity and Denman.
Fidelity's factory was at one time an Armstrong Tire Co. plant, and a number of officers of both Denman and Fidelity worked for Armstrong before the tire maker was purchased by Pirelli Group.
Executive VP Viola leaves Laramie Tire
NORRISTOWN, Pa.-Skip Viola, former executive vice president of Laramie Tire Distributors Inc., resigned March 6 to pursue other business interests.
``During his 11-year tenure, (Mr. Viola) was part of the team that helped us to build the Laramie name,'' said Laramie President and CEO Wayne Reichman.
Mr. Reichman said Mr. Viola's duties have been absorbed by existing Laramie personnel.
Michelin to boost truck tire capacity
GREENVILLE, S.C.-Michelin will invest about $10.4 million (U.S.) to expand truck tire production capacity at its Waterville, Nova Scotia, plant.
The expansion, primarily consisting of the installation of additional truck tire curing presses, will be completed next year and boost the plant's capacity by 12 percent, the tire maker said.
The investment is in addition to the $24 million in capital investments Michelin announced in January for its three Nova Scotia facilities.
Passenger retreading varies through Europe
LONDON-The acceptance of passenger car retreads throughout Europe varies from about 7 percent of the market in Germany to 20 percent in the United Kingdom, according to a new study, European Retreading Review 1995.
Truck tire market penetration, however, ranges from 39 percent in Ireland to 73 percent in Finland, according to the study, published by Tyre Press International in cooperation with the trade journals, Tyre Trade News, Gummi Bereifung and Neumaticos + Accessorios.
Government officials to duscutt retreads
WASHINGTON-The General Services Administration (GSA) will sponsor a Federal Tire Conference in Chicago, tentatively scheduled for October, to promote the use of retreaded tires among federal tire procurement officials.
The idea for the conference came Feb. 28 at a Washington meeting attended by government officials and retreading industry executives.
A highlight of the conference will be a tour for procurement officials of the Achievor Tire L.P. passenger retread facility in Chicago.
Humanitarian award deadline apporaching
AKRON-TIRE BUSINESS is accepting nominations for the second annual Tire Dealer Humanitarian Award, which honors an independent dealer or retreader who has made a difference in his or her community.
The winner will receive a medal and a $1,000 donation to the charity of his or her choice, and be honored at the 1995 National Tire Dealers & Retreaders Association convention in New Orleans, Oct. 11-14.
Entry deadline is May 31. See page 13 for an entry blank.