Toyo hikes export tire prices
OSAKA, Japan-Toyo Tire & Rubber Co. Ltd. is raising prices an average of 5 percent on its Toyo and Nitto brand tires for export due to rising costs of raw materials and ocean freight.
The price hikes, which began taking effect May 1 and will vary by product and country, affect all tire categories except off-road tires. The increases apply to tires exported primarily to the Middle East, Southeast Asia, Latin America, Africa and Oceania.
Conti plant makes 150-millionth tire
HANOVER, Germany-Continental A.G.'s plant in Korbach, Germany, has produced its 150-millionth radial passenger tire.
The Korbach factory was founded in 1907 as a branch of Mitteldeutsche Gummiwarenfabrik Louis Peter A.G. and produced bicycle tires, solid tires and technical products made of rubber. In 1929, Louis Peter A.G. merged with Continental A.G. in Hanover.
Capacity has more than doubled since 1965 when radial tire production began and now stands at 28,000 car tires, 2,400 industrial tires and 5,300 motorcycle and bicycle tires and nearly 81 miles of hose daily.
Michelin adding workers in France
PARIS-Group Michelin expects to add 1,100 employees to its 32,000-strong work force in France this year.
The hirings are part of an initiative started in 2001 to increase employment by 3,100 by year-end 2003, according to the tire maker. Of the new jobs, 600 will be for professional staff, including engineers and technicians, and 500 to fill posts at Michelin's 18 factories in France.