Cooper, union reach contract
TEXARKANA, Ark.-Members of United Steelworkers Local 752 voted 914-187 March 15 to accept a new three-year deal with Cooper Tire & Rubber Co. at its Texarkana tire plant.
Under the contract's terms, the local's 1,550 members will receive a 70-cent wage increase over the next three years and get annual cost-of-living allowance boosts. The average wage at the plant is $23.84 per hour, Local 752 President David Boone said.
Growth predicted for tread rubber
WASHINGTON-Shipments of tread rubber used to produce retreaded tires will increase in 2002, according to the Rubber Manufacturers Association, which expects the trend to continue through 2007.
Shipments this year will see a 2.2 percent increase over last year, the RMA's Tread Rubber Market Analysis Committee said. This represents 306,000 additional retreaded tires.
Growth in tread rubber shipments from 2002 to 2007 will average 1.8 percent per year, the committee said.
Voters support Lawton expansion
LAWTON/FORT SILL, Okla.-Voters in Comanche County, Okla., have approved a sales tax increase, completing a funding step for a modernization project at Goodyear's Lawton/Fort Sill passenger tire plant.
The tax hike will generate $8.5 million, of which $3 million is earmarked for the Goodyear project. Goodyear said it will start the $125 million first phase of the modernization/expansion project later this year.
The tire maker plans to commit about $250 million over the next four to five years for the project. The first phase should be completed in 18-24 months, and the second phase would be started and completed via an appropriate timetable, Goodyear said.
The modernization includes new tire building and curing equipment for producing tires in rim diameters of 17 inches and larger. About 85 to 90 percent of the facility's tire output is for original equipment accounts.
It also includes a 175,000-sq.-ft. expansion for a new production line based on Goodyear's Impact-Integrated Manufacturing/Precision Assembled/Cellular Technology-system, as well as warehouse space.
Maxxis teams up for wheel venture
ATLANTA-Maxxis International and wheel maker TSY Co. Ltd. of Osaka, Japan, have formed a joint venture to produce specialty wheels in Newnan, Ga.
The new company, TSY America Inc., will work closely with Maxxis Wheel Co., also located in Newnan, Maxxis said. Initial production is set for this spring and will focus on ATV wheel products.
Maxxis also has launched a new Web site, www.maxxis.com. The site features an ``Our Products'' section with specifications on the company's line of automobile, bicycle, motorcycle, ATV, kart, trailer, industrial and lawn and garden tires.
It also includes a ``Tire Selection Guide'' plus new product updates and safety information and performance tips.
Auto enthusiast buys Dayton Wheel
DAYTON, Ohio-Charles Schroeder, described as an auto enthusiast, has purchased Dayton Wheel Products Inc., a manufacturer and restorer of wire wheels.
Mr. Schroeder takes over the 43-employee company after 13 years with Reynolds and Reynolds Co., bringing with him marketing and product development experience.
``If you do what you love, you'll never have to work a day in your life,'' he said, noting his desire to take advantage of his passion for cars.
J.D. Power hikes vehicle forecast
AGOURA HILLS, Calif.-Stronger than expected first-quarter sales, coupled with continuing aggressive incentives by auto makers, has prompted J.D. Power-LMC Automotive Services to revise its Canadian 2002 new light-vehicle sales forecast to near-record levels.
The two firms are boosting their Canadian new light-vehicle sales forecast from 1.48 million units to 1.56 million units in 2002, just shy of 2001's record performance.
Sport-utility vehicles continue to gain market share in Canada, increasing from 13 percent of the market in 2001 to 17 percent by year-end, Power said. Much of the SUV segment's gain is at the expense of mini-vans and mid-size cars, it added.
According to Power, the luxury vehicle segment is also showing some moderate improvement in market share, increasing from 3.9 percent in 2001 to 4.2 percent by the end of the year.
Toyo Proxes RA-1 chosen spec tire
CYPRESS, Calif.-Toyo Tire (USA) Corp.'s Proxes RA-1 has been chosen as the spec tire for two National Auto Sport Association race series.
The Spec Miata Challenge Series and the American Iron Series each will feature the tire. The former series features eight races between identically prepared Mazda Miatas racing on 205/50ZR15-size tires. The latter series provides two classes of such American-bred pony cars as the Chevrolet Camaro and Ford Mustang.
Proxes RA-1 tires carry a V or Z rating, depending on size, and are available in 13- to 18-inch diameters.