Michelin sales rise in 2000©
PARIS (May 5, 2000)—Group Michelin reported a 14.8-percent increase in revenue in the first quarter, to $3.56 billion, as unit sales of tires jumped 11 percent and the euro-denominated results benefited from favorable currency exchange rates.
Unit volume was up 12.4 percent in North America, and the first-time consolidation of the tire retail chain Tire Centers L.L.C. contributed nearly $50 million in new sales to the ledger, Michelin said.
On the down side, Michelin reported that first-quarter selling prices were depressed and its product mix was not optimum.
The company did not release earnings, but said the first-quarter performance put it on schedule to report operating earnings equal to 9.5 percent of sales by year-end.
Dattilo takes helm at Cooper©
FINDLAY, Ohio—Thomas Dattilo assumed the positions of chairman, president and CEO of Cooper Tire & Rubber Co. on April 28.
Mr. Dattilo, who succeeds retiring Chairman Patrick Rooney, joined Cooper as president and COO in January 1999.
Besides Mr. Dattilo´s promotion, Cooper also announced that it has sold a portion of its automotive plastics division to Plastech Engineered Products Inc. for an undisclosed sum April 28. The agreement covers the sale of Cooper´s entire painted injection molded plastics business, all of which is conducted at its Winnsboro, S.C., plant.
Plastech acquired the plant, equipment and related inventories, and has assumed the business unit´s contracts, as well as certain specified liabilities.
MEMA/AAIA show renamed©
DETROIT (May 5, 2000)—The Motor & Equipment Manufacturers Association and the Automotive Aftermarket Industry Association have changed the name of their trade show to the Automotive Aftermarket Products Expo.
As in years past, MEMA and AAIA will hold their trade show during Automotive Aftermarket Industry Week at the Sands Expo Center in Las Vegas, in conjunction with the International Tire Expo and Specialty Equipment Market Association show. This year´s AAIW is slated for Oct. 31-Nov. 3.
The AAPEX show´s promotional efforts this year include a redesigned Web site at: www. aapexexpo.com.
Teknor Apex offers road service©
PAWTUCKET, R.I. (May 5, 2000)—The Tire Materials Group of Teknor Apex Co. is launching a nationwide, 24-hour emergency road service program for the firm´s Diamond Dealer network of retreaders.
The new program has no dispatch fees and offers a less than two-hour average wait from call to roll time, the company said. The service can be accessed through Teknor Apex´s emergency hotline number: (877) 590-APEX (2739).
TBC promotes three executives©
MEMPHIS, Tenn. (May 5, 2000)—TBC Corp. has promoted three managers to vice president positions.
The company named Barry Robbins executive vice and chief marketing officer, responsible for all product marketing. He had been executive vice president of sales and marketing.
Ken Dick, formerly senior vice president of sales, has been named executive vice president of sales. He has been instrumental in the growth of TBC´s brands, the company said.
Gary Paulson has been named vice president of distributor sales for the Multi-Mile, Sigma and Cordovan brands. He formerly served as national sales director.
Michelin donates to ITRA foundation©
GREENVILLE, S.C. (May 5, 2000)—Michelin North America Inc. is contributing $25,000 to the Educational Foundation of International Tire and Rubber Association.
Rita Shourds, executive director of the foundation, said she is "extremely pleased" to have Michelin´s financial support.
Randy Clark, director of marketing for Michelin Americas Truck Tires, said the tire maker was honored to assist the foundation.
The foundation´s purpose is to raise awareness of the tire, rubber and transportation industries and provide educational and training services including school-to-work initiatives, welfare-to-work programs and educational publications.