DuPont to Expand Capacity in China
DuPont has announced the expansion of compounding capacity at its manufacturing site in Shenzhen, China. The site produces DuPont Zytel nylon 6,6 resins and DuPont Zytel HTN high-performance polyamide resins for use in the automotive and electronics markets.
Engine Repower Council Launches Consumer Poster Campaign
BETHESDA, Md. – The Engine Repower Council (ERC) is launching a consumer awareness poster campaign. The new poster, titled “Engines Repowered Here,” is designed to stimulate consumer interest about the many benefits provided by a remanufactured/rebuilt engine. The ERC poster provides a visual resource a shop can use to promote the quality, reliability and savings
Another Round of Price Hikes for Bridgestone
Bridgestone Corp. said it will raise prices on tires sold through retailers as of September, citing high costs for such materials as natural and synthetic rubber. The increase will mark a second round of price hikes this year, the first being in March and April.
Cooper Temporarily Halts Production in Texarkana
Cooper Tire Co. said it will stop production at its Texarkana plant today and Monday due to lower demand for the tires made there. Production cutbacks are company-wide, Findlay, Ohio-based Cooper said in a statement. A member of the union that represents employees at Texarkana’s Cooper plant said workers were told they will not be paid for the two-day shutdown and that they should expect more temporary halts in production this year.
Eaton Elects Joseph Palchak Automotive Group CEO; Jake Hooks Named President Engine Air Management Business
Eaton Corp. announced today that Joseph Palchak has been elected to the position of chief executive officer – Automotive Group. Formerly president of the Engine Air Management Business, Palchak reports to Alexander Cutler, Eaton chairman and chief executive officer. He succeeds Scott King, who passed away earlier this month following a battle with cancer. Jake Hooks has been named to replace Palchak as president – Engine Air Management Business.
Federal-Mogul Recognized for Performance by GAU International
Federal-Mogul Corp. has received a GAU (Group Auto Union) International Award for its product and performance achievements. The award was presented at the company’s annual shareholder’s meeting May 20 – 22, in Biarritz, France. Federal-Mogul supplies innovative technologies from its five core product categories: engine, sealing, steering, braking and service solutions to GAU International, a network of multispecialists for distribution of spare parts and services for cars, trucks and agricultural materials.
Oshkosh Offers Downward Revisions Third Quarter, Full Year 2008 Estimates
Oshkosh Corp. said today it expects a loss of approximately $1.22 to $1.32 per share for its third quarter of fiscal 2008, compared to its prior earnings per share (EPS) estimate range of $1.40 to $1.50 of income for the quarter. The company said the expected loss relates to a non-cash charge for the impairment of goodwill to be recorded in connection with its European refuse collection vehicle manufacturer, the Geesink Norba Group. The impact of the impairment charge on third fiscal quarter earnings is estimated to be approximately $175 million, or $2.32 per share.
Tough Economic Conditions Force Cooper Tire to Adjust Production
FINDLAY, Ohio — Cooper Tire & Rubber Co. is reducing production in its North American facilities during the second quarter to counter decreased tire demand and projected shortages of certain raw materials. Cooper said production curtailments during the second quarter will cost in the estimated range of $12 million to $14 million. For more information
Executive Interview with Matt Guden, Business Development Manager, Everco
Matt Guden is the business development manager for Everco Heavy Duty. In this position, he is responsible for market analysis, creating and managing brands for all markets, communicating with existing customers and the sales force and helping customers manage their inventories, in addition to product promotions and other marketing functions. Join us as Guden re-introduces the Everco Heavy Duty brand and talks about the company’s brand strategy going forward.
Four Seasons Inc. Sponsors Car Care Council Women’s Board
Four Seasons Inc. is continuing to support the Car Care Council Women’s Board (WB) by sponsoring its 2008 activities. The Women’s Board offers four tax-deductible sponsorship levels, Platinum ($5,000), Gold ($2,500), Silver ($1,250) and Bronze ($500). These sponsorship dollars cover all of the activities of the various Women’s Board committees.