Cooper Tire & Rubber Co. shares are plunging Monday as its $2.2 billion deal with Apollo Tyres Ltd. becomes more uncertain. India's Apollo is seeking a lower price than the original $35 per share it offered Cooper because of added talks for union matters.
Palmetto Synthetics, a producer of staple fiber, consisting of polyester, nylon and other specialty polymers, today announced that it will expand its existing operations in Williamsburg County. The $1.1 million investment is expected to generate 20 new jobs.
The Cassini spacecraft found small amounts of propylene, a chemical used to make storage containers and other products, in the atmosphere of Saturn's largest moon Titan. Titan is among the few bodies in the solar system with a significant atmosphere made up of hydrocarbons.
An agreement was signed at the Ministry of Economic Development by all stakeholders including local institutions, the Ministry of Welfare and trade unions to implement a conversion plan for the plant to focus solely on tires for general use, Bridgestone Europe NV/SA said.
Cooper Tire & Rubber shareholders have approved its $2.2 billion acquisition by India's Apollo Tyres Ltd. The deal, which was announced in June, gives Cooper stockholders $35 per share in cash. The companies valued the transaction at about $2.5 billion.
While the booming era of “going green” and “sustainability” in manufacturing has come and gone over the last few years, there are still innovative manufacturers that are working hard to reduce their impact on the environment. Interface Inc. has taken those efforts to another level with a program that not only utilizes recycled materials, but also helps impoverished farmers across the globe make a better living.
Yokohama Tire Corporation officials and state leaders gathered Monday for ceremonial ground breaking for a manufacturing facility that is expected to create hundreds of jobs.Gov. Phil Bryant, company executives and others gathered for the ground breaking ceremony Monday in West Point.
J&J's McNeil unit said Friday that the recall affects three lots of its popular Motrin Infants' Drops Original Berry Flavor, which is used to lower fever and treat aches and pains in children 2 years old and younger. The company warned that the medicine may be contaminated with specs of PTFE, a plastic also used in Teflon coatings.
Farmers from several provinces in the south, where most of Thailand's rubber plantations are located, were blocking a main highway near an agricultural cooperative office in Surat Thani province, 640 kilometers (400 miles) south of Bangkok, police Maj. Gen. Kiattipong Khaosam-ang said.
A topic that doesn’t seem to come up, at least via outlets that are 3D-printer friendly (which are in a powerful majority at this point), is the proliferation of piracy thanks to the quickly emerging 3D-printer market. Much like Napster brought a slapped major record labels across the face, 3D printing is poised to make major manufacturers shake in their boots… maybe.
Union workers have approved a labor contract with Goodyear Tire & Rubber Co. that affects about 8,000 employees at six U.S. plants. The international vice president of the United Steelworkers, Tom Conway, on Thursday said the four-year contract protects plants against closures throughout its term.
Stratasys, Ltd. (NASDAQ: SSYS), the leader in professional 3D printing, and MakerBot, the leader in desktop 3D printing, today announced the completion of their merger first announced on June 19th. "Stratasys and MakerBot share a vision about the potential for 3D printing to transform design and manufacturing," said David Reis, Stratasys CEO.
Twin brothers Bill and Bob Meistrell created the first practical wetsuit out of neoprene. But finding the perfect material meant a lot of trial and error — including with old Pontiac parts. And building the business itself, while staying aware of all the broader trends in fashion and materials technology, is almost another matter altogether.
The Kansas City Area Development Council has announced that IBC North America and Clean Tide Container will open a new facility in the Kansas City area to manufacture and refurbish intermediate bulk containers. The sister companies will invest more than $5 million to build the expansion, which will also create 87 new jobs in the area.
"When we got the results back, we weren't surprised to see these attributes at the top of the list," said Brian Ray, president of Ray Products. "Lots of things have changed in our industry since my grandfather founded our company in 1949. But I'll bet that if he had given his customers the same survey back then, those same three attributes would be at the top of the list."
Work will continue at Firestone's tire manufacturing plants in Iowa, Arkansas, Illinois and Tennessee thanks to a tentative contract agreement the company reached with its steelworkers union.Steelworkers at the Des Moines Firestone tire manufacturing plant tentatively agreed to a contract Friday, averting a strike.
The Consumer Product Safety Commission said Thursday that Home Depot Inc. is recalling around 107,000 fan heaters because the fan's plastic housing can melt, deform, and catch fire during use.The company is recalling Soleil portable fan heaters with the model number LH-707.
igus has announced that it is offering its high-performance plastics as bar stock to design, maintenance and mechanical engineers. The range of available bar stock now includes the proprietary polymers iglide A350 and iglide J350. The company is also now offering user-defined injection molded parts in less than 24 hours.
NASA and Aerojet Rocketdyne of West Palm Beach, Fla., recently finished testing a rocket engine injector made through additive manufacturing, or 3-D printing. This space technology demonstration may lead to more efficient manufacturing of rocket engines, saving American companies time and money.
Michelin North America Inc. is recalling about 100,000 tires normally found on some trucks and SUVs due to possible tears or holes that could cause air pressure loss. The company said Friday that it's recalling the tires because approximately 2,500 of the recalled tires may have partial or full sidewall tears or holes that could cause the tires to lose air pressure.
Shintech will expand its production capacity by more than 10 percent, Japanese parent company Shin-Etsu Chemical Co. Ltd. said in a news release last week. Shin-Etsu said its Plaquemine plant is running at capacity and expansion is needed to meet growing worldwide demand for PVC.
Immediately at stake was whether Mercedes and Pirelli would be sanctioned. A longer-term worry for F1 was whether the case risked antagonizing two big players in the sport — the German auto manufacturer that also supplies engines to other F1 teams and Pirelli, which supplies all of the tires for motorsport's premier series.
Customers of George's Tire in West Point are specifically ordering Yokohama's car and light truck tires, said owner Todd Glusenkamp. Glusenkamp said he has seen an overall sales increase of about 20 percent to 30 percent since he started distributing Yokohama tires just over a month ago.
Italian carmaker Fiat says it will temporarily stop production at some European car plants in the coming days due to insufficient deliveries of plastic parts. Fiat said in a statement Wednesday that more than 5,500 vehicles can't be completed due to missing components from the Italian supplier Selmat, creating an "unmanageable" backlog.
The head of Ohio's Cooper Tire & Rubber Co. says a $2.2 billion deal that puts the company under new ownership won't result in the closings of its three U.S. manufacturing plants. Cooper chief executive Roy Armes says India's Apollo Tyres Ltd. also plans to retain Cooper's management operation in Ohio.