Skip to main content
EVENT TRACKER
Keep track of rescheduled, canceled industry events with our COVID-affected event tracker - Powered by Snap Finance
Close
Sister Publication Links
  • Rubber & Plastics News
  • European Rubber Journal
tb-logo
Subscribe
  • Login
  • Register
  • Subscribe
  • News
    • OPINION
    • CORONAVIRUS
    • AUTO INDUSTRY
    • BUSINESS/FINANCIAL
    • COMMERCIAL TIRE
    • FACTORY FIXES
    • GOVERNMENT & LAW
    • INTERNATIONAL
    • MOTOR SPORTS
    • NEW PRODUCTS
    • RETAIL TIRES
    • SERVICE ZONE
    • SEMA/AAPEX
    • SMALL BUSINESS
    • TIRE MAKERS
    • SPONSORED CONTENT
    • TBC Corp. to make donation to company charity to reward vaccinated employees
      Titan to offer free COVID-19 vaccines at Iowa facility
      Bridgestone hosts vaccination events for plant employees
      Cioffi: Will remote working be the new normal?
    • Light trucks/CUVs to take 82% of new U.S. sales by 2028 — SEMA
      SEMA closes deal for SEMA Garage property in Michigan
      Conti adding dynamic driving simulator at German R&D center
      Yokohama gains OE fitments on BMW, Mercedes-AMG sport utilities
    • Prometeon's 2020 earnings off slightly on 15% lower sales
      Light trucks/CUVs to take 82% of new U.S. sales by 2028 — SEMA
      Pirelli adds 3rd North American bicycle tire distributor
      Goodyear goes retro for 'Throwback' NASCAR race at Darlington Raceway
    • Michelin adapts 'QuickScan' tire monitoring system to cars
      Prometeon's 2020 earnings off slightly on 15% lower sales
      Fisher: Expect robust recovery in last half of year
      Vipal targets North America for machinery sales growth
    • Bridgestone part of Louisiana environmental settlement
      New York chipping in $3M+ toward Sumitomo factory expansion
      SBA extends and expands COVID-19 loan program
      Stimulus spending should help tire industry
    • Michelin adapts 'QuickScan' tire monitoring system to cars
      Prometeon's 2020 earnings off slightly on 15% lower sales
      Goodyear to highlight international racing effort in ‘GoRacing' e-magazine
      TravelCenters honors two drivers with Citizen Driver awards
    • GT Radial named Formula Drift PROSPEC spec tire
      4WP partnering with CORVA to help protect off-roading in California
      Goodyear to highlight international racing effort in ‘GoRacing' e-magazine
      Goodyear goes retro for 'Throwback' NASCAR race at Darlington Raceway
    • Yokohama OHT adds severe-duty solid tire to Galaxy brand
      Bosch adds 22 aftermarket parts in Q1
      Snap-On introduces TreadReader handheld tire scanner
      Vogue Tyre introduces ‘biggest, boldest' red stripe tire
    • Michelin adapts 'QuickScan' tire monitoring system to cars
      4WP partnering with CORVA to help protect off-roading in California
      TravelCenters honors two drivers with Citizen Driver awards
      Light trucks/CUVs to take 82% of new U.S. sales by 2028 — SEMA
    • Fisher: Expect robust recovery in last half of year
      Bosch adds 22 aftermarket parts in Q1
      Marinucci: Detailed instructions will save time
      Bartec introduces TPMS software updates
    • Light trucks/CUVs to take 82% of new U.S. sales by 2028 — SEMA
      WTC webinar to address tire/wheel-balancing process errors
      SEMA closes deal for SEMA Garage property in Michigan
      SEMA picks site in Michigan for 2nd SEMA Garage
    • SBA extends and expands COVID-19 loan program
      Stimulus spending should help tire industry
      Giti disputes report blasting tire maker for accepting PPP funds
      SEMA survey shows resilient auto aftermarket in 2020
    • Coopers are ready to rock: Cooper Tire, Alice Cooper seek best garage band
      Last Mile: Delivery surge raises demand for medium truck tires
      Nexen touting manufacturing quality milestone
      Apollo isn't planning U.S. plant — yet
    • Sponsored By Yokohama Tire Company
      7 questions to ask consumers when they need tires for a crossover SUV
      Sponsored By Yokohama Tire Company
      Stocking Tires for Crossover SUVs
      Sponsored By AppointmentPlus
      Three Important Lessons Learned for the Tire Business During a Pandemic
      Sponsored By Yokohama Tire Company
      7 questions to ask consumers when they need tires for a crossover SUV
  • SHOP FLOOR
    • BALANCING
    • DEMOUNTING
    • SAFETY
    • TIRE REPAIR
    • TPMS
    • TRAINING
    • VEHICLE LIFTING
    • WHEEL TORQUE
    • Video: Balancing Tire
      An introduction to wheel balancing
      Wheel weights: Balancing form with function
      Choosing the right balancing equipment
    • Video: Demounting
      An introduction to demounting, mounting and inflation
      Staying safe when demounting and mounting tires
      Demounting Equipment
    • Video: Safety
      Introduction: Creating a culture of safety
      Protecting your people with proper hygiene
      Making friends with OSHA
    • Video: Tire Repair
      An introduction to tire repair
      How to properly patch a puncture
      Tire repair: Shining a light on visual inspections
    • Video: TPMS Service
      An introduction to TPMS service
      The importance of proper relearn procedures
      Decoding sensor data for TPMS diagnosis
    • Video: Training
      Intro: Finding and training technicians
      Shop Floor: Scholarships
      Advantages of apprentice program partnerships
    • Video:Vehicle Lifting
      An introduction to lifts and lift safety
      Recommendations for using a jack
      Jack stands for commercial tire service
    • Video: Wheel Torque
      Introduction to proper wheel installation
      Torque check and recheck recommendations
      Using torque sticks to speed service times
  • Multimedia
    • VIDEOS
    • PHOTOS
    • PODCASTS
  • Events
    • ASK THE EXPERT
    • LIVESTREAMS
    • WEBINARS
    • SEMA LIVESTREAMS
  • Data
    • DATA STORE
  • Resources
    • DIRECTORY
    • CLASSIFIEDS
  • ADVERTISE
  • DIGITAL EDITION
  • Awards
    • Tire Dealer Humanitarian Award
MENU
Breadcrumb
  1. Home
  2. News
October 30, 2006 01:00 AM

Latin sales office key to Hercules' export expansion

Bruce Davis
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    LAS VEGAS (Oct. 30, 2006) — Hercules Tire & Rubber Co. has opened a Latin America sales office in Miami to support its drive to increase business throughout Central and South America and the Caribbean.

    Hercules tabbed Luis Torres, formerly export manager for Tire Distributor Inc. (TDI) prior to Hercules' buying it in July, to be managing director of the Miami office. Together Hercules and TDI operate 135,000 square feet of warehouse space in south Florida that will support the company's export sales initiative.

    Hercules did not quantify its sales expectations for the business, but Hercules CEO Larry Seawell said TDI generated about $30 million in business in south Florida and Latin America last year and that the expanded export drive is part of Hercules' projected 9- to 15-percent growth in fiscal 2007 to $475 million to $500 million.

    The sales expansion comes on the heels of 11-percent growth in fiscal 2006, Mr. Seawell noted, reflecting Hercules' strength in an otherwise down market. Sales in North America represent about 82 percent of the firm's revenues, he said.

    Mr. Seawell said adding Hercules' brands and the international sales expertise of its export division to TDI's existing distribution strengths throughout Latin America will allow the company to expand its sales in the region markedly.

    Rocky McDonough and Tony Lugioyo, who also came to Hercules via TDI, will continue to support export sales initiatives throughout the region, Hercules said.

    In addition, Hercules told distributors attending its annual dealer meeting in Las Vegas it has budgeted $10 million through 2009 to buy new molds for new and upgraded tire lines it has in the pipeline.

    At the meeting, Hercules disclosed two new Hercules tire lines – the mud-terrain Trail Digger M/T and the Terra Trac HT touring – along with expanded size range offerings in several Hercules and Merit tire lines.

    Also looking forward, Hercules told dealers it will be increasing its supply relationships with its key Chinese partners – South China Tire & Rubber Co. Ltd., GITI Tire/Anhui Tire, Shandong Linglong Rubber Co. Ltd., and Qingdao Sailun Radial Tyre Co. Ltd. – while also continuing to scout China and Asia for new sources of supply.

    On another front, Hercules said its Signet brand will be made exclusively starting next year by South Korea's Nexen Tire Corp., which is one of Hercules key private brand suppliers.

    Cooper Tire & Rubber Co. is the company's single largest private brand supplier, accounting for 31 percent of the firm's private brand business.

    Letter
    to the
    Editor

    Do you have an opinion about this story? Do you have some thoughts you'd like to share with our readers? Tire Business would love to hear from you. Email your letter to Editor Don Detore at [email protected].

    SIGN UP FOR NEWSLETTERS
    EMAIL ADDRESS

    Please enter a valid email address.

    Please enter your email address.

    Please verify captcha.

    Please select at least one newsletter to subscribe.

    Newsletter Center

    Staying current is easy with Tire Business delivered straight to your inbox.

    SUBSCRIBE TODAY

    Subscribe to Tire Business

    SUBSCRIBE
    Connect with Us
    • Facebook
    • LinkedIn
    • Twitter
    • RSS

    Our Mission

    Tire Business is an award-winning publication dedicated to providing the latest news, data and insights into the tire and automotive service industries.

    tb-logo
    Reader Services
    • Contact Us
    • About Us
    • Site Map
    • Industry Sites
    • Order Reprints
    • Customer Service: 877-320-1716
    Partner Sites
    • Rubber & Plastics News
    • European Rubber Journal
    • Automotive News
    • Plastics News
    • Plastics News China
    • Urethanes Technology
    RESOURCES
    • Advertise
    • Privacy Policy
    • Privacy Request
    • Terms of Service
    • Media Guide
    • Editorial Calendar
    • Classified Rates
    • Digital Edition
    • Careers
    • Ad Choices Ad Choices
    Copyright © 1996-2021. Crain Communications, Inc. All Rights Reserved.
    • News
      • OPINION
      • CORONAVIRUS
      • AUTO INDUSTRY
      • BUSINESS/FINANCIAL
      • COMMERCIAL TIRE
      • FACTORY FIXES
      • GOVERNMENT & LAW
      • INTERNATIONAL
      • MOTOR SPORTS
      • NEW PRODUCTS
      • RETAIL TIRES
      • SERVICE ZONE
      • SEMA/AAPEX
      • SMALL BUSINESS
      • TIRE MAKERS
      • SPONSORED CONTENT
    • SHOP FLOOR
      • BALANCING
      • DEMOUNTING
      • SAFETY
      • TIRE REPAIR
      • TPMS
      • TRAINING
      • VEHICLE LIFTING
      • WHEEL TORQUE
    • Multimedia
      • VIDEOS
      • PHOTOS
      • PODCASTS
    • Events
      • ASK THE EXPERT
      • LIVESTREAMS
      • WEBINARS
      • SEMA LIVESTREAMS
    • Data
      • DATA STORE
    • Resources
      • DIRECTORY
      • CLASSIFIEDS
    • ADVERTISE
    • DIGITAL EDITION
    • Awards
      • Tire Dealer Humanitarian Award