QUINCY, Ill.-For the first quarter of 1996, Titan Wheel International Inc. reported record earnings of $11 million, an 18.4-per-cent jump from the year-earlier quarter, on a 12.4-percent increase in sales to $177.3 million. It was the 17th consecutive record quarter, the company said, when compared with the same quarter of the previous year.
Goodyrar lands L.A. transit deal
LOS ANGELES-Continuing a 10-year relationship, the Los Angeles County Metropolitan Transportation Authority has awarded Goodyear a $19.5 million contract to supply specially developed tires and service to its bus fleet.
Goodyear has created the G152 Metro Miler mileage radial for the Los Angeles buses. Use of this 24.5-inch diameter tire will mark the conversion of the county bus fleet to radials, Goodyear said.
The new tire's tread features heat- and abrasion-resistant compounds, and its undertread is durable to permit regrooving.
Under the contract, two minority-owned businesses will provide all tire-related service to the bus fleet: Baszile Metals Service in Los Angeles, and Harmon and Sons Inc., Gardena, Calif.
Treadco boosts Oliver's sales
CLEVELAND-Oliver Rubber Co. posted a 9.4-percent jump in sales for its third fiscal quarter, ended March 31, according to its parent, Standard Products Co.
The increase was attributed to Oliver's start of business under the tread rubber maker's new contract with Treadco Inc.
Oliver's sales were not disclosed, but Standard Products said the unit continues to be profitable.
For the quarter, Standard Products saw net income climb 6.3 percent to $7.28 million on a 4.6-percent rise in sales to $277.3 million.
For the nine months, the compa-ny lost $956,000 despite 7-per-cent sales growth to $780.8 million.
Airboss sales soar threefold in qtr.
MISSISSAUGA, Ontario-Increas-ed sales to vehicle manufacturers helped push first-quarter sales for Airboss of America Corp. 201 percent higher than the 1995 period, to $3.53 million (amounts converted to U.S. dollars).
Net income for the three months climbed to $367,933, compared with a loss of $281,084 last year.
Airboss, a maker of segmented, non-pneumatic tires for industrial and off-road equipment, said it plans to increase its manufacturing capacity and introduce earthmoving, trencher, forklift and irrigation pivot tires later this year.
Ness Trading Co. has opened a 13,000-sq.-ft. warehouse and distribution center for custom wheels and accessories in St. Louis that will operate as Missouri Wheels.
Missouri Wheels will function as the distribution arm of Ness Trading, one of the largest purchasers and sellers of closeout/surplus custom wheels, said Howard Laiderman, president of both companies.
For the third year, custom hot rod designer and builder Boyd Coddington has renewed his cooperative marketing agreement with BFGoodrich tires, making BFGoodrich the official tires of The Coddington Companies, while BFG endorses Boyd's Wheels Inc.