Global Aftermarket
Cooper Tire Stockholders Approve Merger With Apollo Tyres

Cooper and Apollo announced the proposed merger on June 12, following unanimous approval by the boards of directors of both companies. The pending merger is expected to close by the end of this year.

PPG To Invest $60 Million In New Manufacturing Facility In Lipetsk, Russia

PPG says this investment further demonstrates the company’s commitment to growth in Europe, the Middle East and Africa (EMEA). PPG currently has operations in Russia and is supplying customers across a variety of industries in the country. The new facility is expected to facilitate PPG’s growth in the market and help the company directly meet growing local demand for its coatings products.

Henkel Opens World’s Largest Adhesives Factory In China

New plant in Shanghai to serve customers in emerging Asian markets.

DENSO To Acquire 50 Percent Stake In Image Recognition Technology Company ADASENS

With ADASENS expertise, DENSO will accelerate its development of image recognition technologies that will help reduce driver workload and enhance active safety features to help avoid potential collisions.

Cooper Tire Opens Sales Office In Moscow

The new office will be headed by Alex Kolkov, sales manager, who joined Cooper after serving in leadership roles at other multinational companies in Russia.

Continental AG Extends CEO’s Contract

Continental AG has extended the contract of Elmar Degenhart, the company’s CEO, for an additional five years. Degenhart’s contract now extends through August 2019, the company said.

Automechanika Istanbul, Turkey’s Leading International Automotive Trade Fair, To Take Place April 10-13, 2014

From 2014 onward, the fair will take place annually, rather than biannually.

Atlas Copco Included In Dow Jones Sustainability Index For Third Consecutive Year

Inclusion in the sustainability index is based on annual company assessments and comparison to industry peers. Key factors in this review include management of opportunities and associated risk that are derived from economic, environmental and social developments. Corporate governance and strategy, as well as key performance indicators like emission and waste, are also taken into consideration.

Giti Tire Creates New North American, European Technical Centers

Giti says this move marks a significant step in the company’s research and development capabilities, with both sites working in collaboration with existing facilities in China, Indonesia and the U.K., the latter of which is based at the renowned MIRA facility.

China Automotive Systems’ Stock Added To The NASDAQ Golden Dragon China Index

The NASDAQ Golden Dragon China Index represents approximately 68 companies that are either headquartered or incorporated in China and trade on the NASDAQ Stock Market, the New York Stock Exchange or NYSEAmex. The index consists of securities broken down by different market segments.

GKN Driveline Expands In Mexico

GKN Chief Executive Nigel Stein and GKN Automotive CEO Andy Reynolds Smith led inauguration ceremonies for the expanded facility, which supports new business “wins” and expected future growth in the region.

Davis Appointed Interim Chairman Of APRA Asia Pacific Division

Davis has been an active member of APRA having served as chairman of APRA in 2010. He also has been a member of the APRA board of directors since 2006. Davis served as the chairman of APRA’s Electrical Division for several years prior to coming on the APRA Board. Davis also serves on the current Electrical Division Board of Governors and is instrumental in planning the program of activities for the division.