GREENVILLE, S.C.-Michelin North America will raise the prices of its earthmover and off-the-road tires 3 to 5 percent Oct. 1, due to increased raw material costs. The firm's last price hike on earthmover and OTR tires was 5 to 7 percent on July 1.
So far, no other tire makers contacted said they had plans to boost prices.
Bridgestone/Firestone Inc. had announced a hike of up to 8.3 percent on all OTR tires, effective July 3, and Goodyear and Continental General Tire Inc. had similar increases in June.
Titan Tire Corp., which makes OTR but not eathmover tires, said it had no plans to bolster prices.
Big O board extends acquisition deadline
ENGLEWOOD, Colo.-Big O Tires Inc.'s board has agreed to give more time to the group seeking to acquire the company as it tries to gain the participation of franchised dealers in the buyout.
The group, led by Big O President Steven P. Cloward, consists of several senior company officials and a number of franchised dealers. It will have until Oct. 2 to either satisfy or waive the contingency that requires participation in the acquisition by at least 85 percent of the firm's franchised dealers.
The Cloward group is trying to purchase the independent retail tire franchiser for a cash price of $16.50 per share.
Dunlop consolidates Calif. warehouses
ONTARIO, Calif.-Dunlop Tire Corp. opened a 300,000-sq.-ft. warehouse in Ontario during the first week of August, according to Larry Harbin, field service coordinator at the new center.
The western region warehouse, which handles Dunlop, Centennial and Remington brand tires, consolidated the inventories of two locations in Los Angeles and one in Fresno, Calif., according to Mr. Harbin.
Michelin suspends 285 rubber workers
OPELIKA, Ala.-Michelin North America suspended for six days nearly 285 union workers in the mixing and stock preparation areas of Uniroyal Goodrich Tire Co.'s Opelika factory for allegedly participating in an illegal work stoppage.
The workers apparently stopped working on Sept. 1 after management used a contractor rather than union members to remove embedded rubber from the floor in the stock preparation area.
The suspensions had the plant operating at just 10 percent of capacity, but Michelin said it can meet tire orders from its other North American plants.
Plant Manager Rob Murray said the work stoppage cost the company about $400,000 a day and that the workers actions could jeopardize the plant's future.
NTDRA advanced registration up
WASHINGTON-Advanced registration for next month's National Tire Dealers & Retreaders Association convention in New Orleans is running well ahead of last year, NTDRA officials report.
The number of dealers and employees signed up for the Oct. 12-14 event, marking the association's 75th anniversary, already is 94.21 percent higher than for last year's gathering in Dallas, which drew an estimated 7,000 attendees.
Michelin to supply run-flat for Lincoln
GREENVILLE, S.C.-Michelin North America is supplying its 60-series MXV4 ZP zero-pressure, ``continued mobility'' tire as original equipment on the 1996 Lincoln Continental.
The tire, which allows drivers to maintain ``reasonable'' speeds for up to 50 miles following a tire injury, works in conjunction with Ford Motor Co.'s Securitire/Low Pressure Alert System. The alert system monitors each tire and warns drivers if it detects a tire operating at low pressure.
Michelin said the run-flat tires use a standard-profile rim with a safety hump and incorporate stiffer, reinforced sidewalls that ``enable a driver to maintain control after pressure loss.''
Oliver Rubber sales down in 4th quarter
CLEVELAND-Oliver Rubber Co.'s sales fell 3-percent to $31.4 million in its fiscal fourth quarter, ended June 30, according to the firm's parent, Standard Products Co.
The decline occurred while Oliver wound down its European operations. The retread supplier's North American sales were up 2 percent from a year ago. Quarterly income and year-end results were not released.
Standard Products net income for the quarter plummeted 63.9 percent to $4.99 million, despite sales growth of 6.6 percent to $266.2 million.
For the fiscal year, net income plunged 39 percent to $20.1 million, while sales climbed 14 percent to $995.9 million.