Treadco contract boosts Oliver's sales DEARBORN, Mich.—Oliver Rubber Co. enjoyed a 10-percent jump in sales during its second quarter of fiscal 1997, compared with the year-earlier quarter, mainly due to its new supply contract with Treadco Inc. inked last year after the large truck-tire retreader switched from Bandag Inc.'s retreading system.
Details of Oliver's quarterly results were not disclosed by its parent, Standard Products Co. of Dearborn, an original-equipment automotive parts supplier. Standard Products reported a 311-percent surge in net earnings to $6.34 million for the quarter, although consolidated sales edged up less than 1 percent to $266.6 million.
WMX, BFI deny rumors of tire recycling demise
WASHINGTON—Browning-Ferris Industries Inc. and WMX Technologies Inc. are undergoing major restructuring, but for now their scrap tire recycling businesses will remain intact, the companies' spokespersons said.
WMX Technologies is trying to return to its core business, but scrap tire recycling is not one of the operations the company is likely to sell or close down, a WMX spokeswoman said. ``We consider scrap tires a central aspect of our business,'' she said.
Meanwhile the BFI spokesman was more guarded in his response. ``We announced a category of assets for divesture last year. But if any of our businesses is on that list, we won't announce it until we are ready to do something,'' he said.
Sears buys out last NTW store franchise
HOFFMAN ESTATES, Ill.—Sears Automotive Group has acquired the last remaining NTW franchise, an important objective for parent Sears, Roebuck and Co., which is pursuing expansion of off-the-mall tire stores.
Over the past year, Sears bought five NTW franchises representing 21 stores in six states. Sears will continue to operate the stores as NTW outlets.
``We can now move forward with our expansion plans without the growth limitations that were imposed by our franchise agreements,'' said Paul Baffico, president of Sears Automotive Group.
Jury clears Goodyear in defective tire suit
CORPUS CHRISTI, Texas—A jury in Corpus Christi found Goodyear and its Mexican subsidiary, Goodyear Oxo S.A., innocent of making a defective tire in a product liability case decided Jan. 30.
The plaintiff, Gilbert Reyes, was severely injured May 8, 1990, near Mifflin, Texas, when his van veered out of control and rolled over several times.
Mr. Reyes claimed the tire, made by Goodyear Oxo, separated as the result of a manufacturing defect causing the van to crash. Goodyear countered with evidence that the tire had received several makeshift puncture repairs before the accident, and that these were responsible for the blowout.
Hercules receives patent for builder
FINDLAY, Ohio—Hercules Rubber Co. received a U.S. patent for its Cementless Building System for precure retreading in December.
The system uses heat and pressure to apply cushion gum to casings without the use of spray cement. The company claims the system provides a cleaner and safer work environment.
Mayfield union avoids CGT contract talks
MAYFIELD, Ky.—Union workers at Continental General Tire Inc.'s Mayfield factory again have voted not to reopen their labor contract, which expires Oct. 15.
CGT wants to cut the Mayfield workers' wages and benefits for the third time since 1987, according to Romey Holmes, president of United Steelworkers of America Local 665.
Meanwhile, CGT is continuing its plan to shift some of Mayfield's tire machinery to its two other plants and reduce the unit's roster to 350 by year's end from nearly 1,375 in September, Mr. Holmes said.
Kelly's tire tech exec, musteric, to retire
CUMBERLAND, Md.—Joseph Musteric, vice president of tire technology for Kelly-Springfield Tire Co. and a 40-year industry veteran, will retire Feb. 28.
He began his career at Goodyear as a technical service engineer in 1957 and then joined Goodyear's Kelly division in 1981 as manager of the development department. He was elected a vice president in 1983.
NTDRA show to host visitors at Harrah's
WASHINGTON—Harrah's Hotel & Casino in Las Vegas will serve as the headquarters site for the National Tire Dealers & Retread-ers Association when it holds its convention and trade show, part of Automotive Aftermarket Industry Week, Nov. 4-7.
``This is where all NTDRA-related activities will occur,'' including the educational offerings on Monday, Nov. 3, said David Poisson, NTDRA executive vice president.
Exhibitor information has been mailed, Mr. Poisson said, and booth drawings will take place April 29 in Los Angeles.