GREENVILLE, S.C.—Responding to growing demand for its light truck tires, Michelin North America Inc. is expanding production capacity at its Dothan, Ala., plant by an undisclosed amount. The company will spend about $25 million during the next three years at the 500,000-sq.-ft. facility, which manufactures only light truck tires with a current capacity of 4,500 units per day.
``The light truck market is experiencing strong growth, and we are equipping ourselves to respond to this market opportunity,'' said Bill Green, Dothan plant/site manager.
A company spokesman declined to say whether the company will add brick and mortar to the facility or what new machinery it may bring in. He did say no overall increase in employment at the plant was expected.
CHARLOTTE, N.C.—Members of United Steelworkers of America Local 890 at Continental General Tire Inc.'s off-the-road tire plant in Bryan, Ohio, ratified a four-year labor pact with the firm Dec. 8, by a vote of 179-55.
``USWA Local 890 and (Conti General) are pleased to have successfully addressed difficult issues positively, which is in contrast to recent industry experience,'' said CGT Executive Vice President Tom Reese.
Local union officials were unavailable for comment. However, Local 890 President Bruce Mosier had said earlier the firm sought work rule and contract language changes as well as a cost-of-living allowance freeze.
Both parties agreed not to disclose full details of the settlement for competitive reasons, CGT said.
The 500,000-sq.-ft. Bryan plant employs about 350 and produces 250-270 bias-ply OTR tires a day.
ROMULUS, Mich.—The recent acquisition of Motor Wheel Corp. sent Hayes Wheels International Inc.'s third-quarter sales soaring, but the higher interest expenses related to the purchase had the opposite effect on the company's bottom line.
For the three months ended Oct. 31, 1996, Hayes posted a 48.4-percent increase in sales to $234.4 million, while net income skidded 41.3 percent to $4.7 million.
For the first nine months of the fiscal year, sales climbed 18.5 percent to $555.8 million, though a combination of one-time charges and an extraordinary loss of $20.4 million in the second quarter put Hayes Wheels $6.1 million in the red for the period, compared with net income of $23.5 million in 1995.
NASHVILLE, Tenn.—Buoyed by its success in Indycar racing in 1996, Bridgestone/Firestone Inc. again is expanding the race tire program at its Akron Technical Center, which designs and builds the tires for these races.
Twenty-two positions will be added to the race tire development program, BFS announced Dec. 6, just six months after the company brought in 10 employees and an undisclosed amount of capital.
``We brought a new level of competition to (Indianapolis-type) car racing, a level we expect to see intensify during the 1997 season,'' said Dick Davis, Bridgestone/Firestone manager of race tire development. ``With this expansion, we'll be prepared for that challenge.''