Magazine for the professional tire industry
Issue link: https://mtd.epubxp.com/i/328077
MTD June 2014 News/views Majewski opens a RingTread plant in Tennessee Bob Majewski, co- owner of Sumerel Tire Service in Newport, Ky., has added a Ma- rangoni Tread North America Inc. retread facility in Lebanon, Tenn. The new plant, Wilson County Tire & Retreading, will supply retread customers in middle Tennessee and the Nashville market with RingTread products. The plant offers feets new tires and retreading as well as a mounted wheel program, drive-up service, and pick-ups and deliveries. "We are pleased and excited to venture into the middle Tennessee market with Marangoni products," says Majewski. The retread operation will be run by Rick Majewski. Sumerel Tire Service is No. 63 on MTD's 2014 "Top 100 Retreaders" list. Cooper outlines how it will grow sales Cooper Tire & Rubber Co. delivered a solid framework for generating sales at its 2014 Investor Day on May 15, according to industry analyst Nick Mitchell. "The company's frst formal meeting since the termination of the merger agreement with Apollo Tyres was well attended and included a thorough update of its strategic plan and benchmark goals that were originally introduced at the last analyst day in 2008," says Mitchell, senior vice president of research for Northcoast Research Partners LLC. "In fact, management provided investors with the framework it expects to follow to generate sales in the range of $5 billion to $6 billion by the end of the decade, while consistently delivering operating margin performance in the range of 8% to 10% along the way." The main drivers of the projected increase in both sales and operating margins include: • recovering the volume lost in 2013; • expanding output capacity via a series of cost effcient capital projects; • enhancing sourcing capabilities; • improving manufacturing effciencies, which includes making automa- tion investments in the U.S. plants; • reducing the exposure to the private label wholesale channel; • targeting fast growing and/or highly proftable segments of the global tire market, which includes increasing the penetration in the premium segments in the U.S.; and • leveraging low-cost capacity in Mexico and Serbia to expand distribu- tion capabilities into new markets in Eastern Europe and Latin America. Mitchell says he left the presentation feeling more confdent in Coo- per's leadership. He believes the leadership team is "working aggres- sively to get the company back on track following a challenging 2013." Horizon Tire hires Fabrizio Horizon Tire Corp. has named industry veteran Edward Fabrizio vice president of sales-southeast/ central division. Fabrizio is based out of Horizon's Atlanta and Houston locations. ASA updates TireMaster ASA Automotive Systems has released the latest versions of its TireMaster 8.8.0 and TireMaster POS 3.8.8 software. Carfax service history reports are among the improvements. Falken offers consumer rebate Falken Tire Corp.'s "Summer Break" consumer rebate program runs June 1-July 31, 2014. The promotion features the Sincera SN211 touring tire and the WildPeak H/T light truck and SUV tires. NYTDA plans golf outing The New York Tire Dealers Association will host its 21st annual NYTDA Golf Classic on Thursday, Aug. 14, 2014, at the Stonebridge Country Club in Smithtown, N.Y. For further information, contact the association by email at info@nytiredealers.com or by telephone at (631) 789-9505. Titan has LSW website Titan Tire Corp., a subsidiary of Titan International Inc., has launched a new website, ww.LSWadvantage.com, for equipment owners to learn about Low Sidewall (LSW) technology tires and wheels for agriculture, construction and mining equipment. Epicor to hire vets Epicor Software Corp. plans to hire more than 100 U.S. military veterans, "wounded warriors" and active duty personnel transitioning to the civilian workforce over the next 12 months as part of the company's Hiring Heroes Program. Tenneco visits tech schools Tenneco Inc. has added visits to technical schools to its Monroe Ride & Drive seminars and Walker Emissions Control Diagnostics workshops. For more information, call (800) 304-8878. bites Bob Majewski has opened the Wilson County Tire & Retreading plant, which is part of the Marangoni Tread North America dealer network. 14