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Daily news and top headlines for manufacturing professionals

Bridgestone's Annual Profit Plummets

February 19, 2009 4:15 am | by Yuri Kageyama, AP Business Writer | News | Comments

Tire maker reported a 92 percent drop in annual profit as global demand for tires dropped sharply, and forecast even more dismal earnings for the coming year.

Goodyear Slashing Nearly 5,000 Jobs

February 18, 2009 6:30 am | by M.R. Kropko, AP Business Writer | News | Comments

U.S. tire maker said Wednesday it plans to cut almost 7 percent of its work force this year after swinging to a fourth-quarter loss as sales sank 21 percent.

Goodyear Gets $1M To Keep Jobs In N.C. City

February 10, 2009 8:12 am | News | Comments

Fayetteville, N.C., where Goodyear Tire & Rubber Co. operates a large plant that employs 3,000 people, has approved a $1 million payment to help retain jobs.

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Goodyear Planning To Cut Production

February 4, 2009 4:20 am | News | Comments

Tire and rubber company says it needs to cut costs because of slumping tire sales and plans to reduce the amount of tires available by adjusting tire production at factories.

Miss. Governor To Approve Cooper Tire Package

January 29, 2009 7:45 am | News | Comments

Governor intends to sign a bill that would provide $19 million of incentives to keep a Cooper Tire & Rubber Co. manufacturing plant in northeastern Mississippi.

MeadWestvaco Laying Off 2,000 Workers

January 15, 2009 4:40 am | News | Comments

Maker of paper and plastic products says it will lay off about 10 percent of its work force as it accelerates cost cutting this year.

Cooper Tire To Close Georgia Plant

December 17, 2008 5:10 am | News | Comments

Tire maker says it will close its plant in Albany, Ga., the result of a capacity study of its four plants.

Key Plastics Files Chapter 11

December 16, 2008 8:51 am | News | Comments

Auto parts supplier Key Plastics LLC said Tuesday it has filed for Chapter 11 bankruptcy protection and submitted a pre-packaged reorganization plan.

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Union Okays Concessions At Cooper Tire Plant

December 15, 2008 4:45 am | by Chuck Bartels, AP Business Writer | News | Comments

In effort to keep the plant operating, union members at Cooper Tire and Rubber Co. in Texarkana, Ark., have voted to approve a three-year contract laden with concessions.

Cooper Tire Reaches Agreement With Ark.Workers

December 12, 2008 5:00 am | News | Comments

Tire maker said it had reached a tentative agreement for a new contract with unionized workers at its Texarkana plant as it continues plans to close one of its U.S. facilities.

USW Local Approves Cooper Tire Contract

December 9, 2008 6:55 am | News | Comments

United Steelworkers members in Ohio overwhelmingly approved a 3-year contract with Cooper Tire & Rubber that includes major concessions by workers anxious to keep their jobs.

Texas, Arkansas Officials Try To Keep Tire Plant Open

December 4, 2008 5:05 am | by Andrew Demillo, Associated Press Writer | News | Comments

Arkansas and Texas are working on an incentive package to convince Cooper Tire and Rubber Co. to keep open its tire plant in Texarkana, Arkansas’ governor said Wednesday.

Bridgestone Firestone Cutting 150 Jobs

December 1, 2008 9:14 am | News | Comments

Tire company will layoff at least 158 employees at its plant in LaVergne, Tenn., due to a decrease in demand for passenger and light truck tires.

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Michelin Temporarily Shuts Down Romanian Factories

November 25, 2008 3:55 am | News | Comments

French tire maker said Tuesday it will temporarily close its Romanian factories until further notice due to a drop in demand for tires amid the global economic crisis.

Mitsubishi Rayon Buys Lucite For $1.6 Billion

November 11, 2008 5:25 am | News | Comments

British chemicals producer agreed to a $1.6 billion cash takeover by Mitsubishi Rayon Co. Ltd., which would gain ownership of the Lucite and Perspex acrylic plastic brands.

Arkansas City Fights For Tire Plant

November 6, 2008 8:43 am | News | Comments

Texarkana officials are working to convince Cooper Tire and Rubber Co. to keep open its tire plant on the city's Arkansas side.

Union: BFGoodrich Cutting Production For Now

October 28, 2008 6:05 am | News | Comments

BFGoodrich plans to temporarily cut production by nearly 40 percent at its Indiana tire plant, which could mean temporary layoffs for about 500 workers, said union officials.

Cooper Tire: Overcapacity May Force Restructuring

October 21, 2008 10:24 am | News | Comments

Tire maker said Tuesday it launched a capacity study of its U.S. manufacturing facilities that will likely lead to consolidation or restructuring.

Cooper Tire: U.S. Plant Closure 'Likely'

October 21, 2008 7:11 am | News | Comments

Ohio-based Cooper Tire & Rubber Co. says it will likely close one of four U.S. manufacturing plants in the coming months due to slumping demand for tires.

Economic Woes Delay Georgia Tire Plant

October 21, 2008 5:55 am | News | Comments

Downturn in the automobile industry and the global economy will delay construction of the Kumno Tire plant in south Bibb County.

Bridgestone Forms New Americas Unit

October 15, 2008 7:50 am | News | Comments

World’s largest tire and rubber company is creating a new entity called Bridgestone Americas Tire Operations to oversee business in North and South America.

FDA Probes Possible Bisphenol A Review Conflict

October 14, 2008 10:45 am | by Ricardo Alonso-Zaldivar, Associated Press Writer | News | Comments

Officials will look into concerns that a prominent toxicologist asked to render an independent verdict on the safety of bisphenol A may have a financial conflict-of-interest.

States Call For BPA-Free Baby Products

October 13, 2008 8:00 am | News | Comments

Attorneys general from three states on Monday asked 11 companies that make baby bottles and baby formula containers to no longer use the toxic chemical bisphenol A.

Goodyear Halts Production At Kansas Plant

October 10, 2008 5:25 am | News | Comments

Tire and rubber company will halt production Monday for one week at its median radial truck tire division in Topeka, idling 500 of the plant's 1,600 employees.

Erie Plastics Enters Bankruptcy Protection

September 30, 2008 11:00 am | News | Comments

Pennsylvania plastics plant that recently lost Proctor & Gamble as a major customer has filed for Chapter 11 bankruptcy protection while it mulls a possible sale to Ohio investors.

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