Comprehensive Real-Time News Feed for Sumter, SC.
Results 1 - 6 of 6 for "u:tirebusiness.com" in Sumter, SC
Continental A.G.'s tire business invested $162 million in the first quarter in tire capacity improvements and expansions, the company disclosed in its quarterly earnings report. In the tire business there were "major additions" to plants in Sumter, S.C. - where Conti has budgeted $500 million through 2017 to double that facility's annual capacity - Puchov, Slovakia; Hefei, China; and Lousado, Portugal. Comment?
Rock and roll music has a reputation for being irreverent, but the leaders of Continental Tire the Americas L.L.C.'s Gold Program were anything but that as the company opened its 2016 Gold dealer business meeting April 12 at the Hard Rock Hotel in Cancun. Instead the group's leadership stressed repeatedly how important its independent tire dealers are to the program and how it continues to listen to them and to strive to become their No. Comment?
Continental A.G.'s decision to commit $1.4 billion for a truck/bus tire plant in Mississippi reflects the firm's belief that demand for its commercial tire products in North America will continue to grow at above market pace. Continental claims its commercial sector business growth in North Amercia "has consistently exceeded the market over the last five years and the company continues to see customer demand for its products - both new truck and bus tires as well as retreads" growing beyond existing capacity," Nikolai Setzer, Continental's executive board member for the tire business, said. Comment?
Continental A.G. is confirming that it intends to build a commercial vehicle tire plant in Mississippi, where the state legislature earlier today approved an economic incentives package valued at more than $275 million. According to various media reports, the tire plant project would entail an investment of up to $1.45 billion and eventually provide jobs for 2,500 workers. Comment?
Mississippi Gov. Phil Bryant has convened an extraordinary session of the Mississippi legislature today to consider measures aimed at supporting an industrial project that would include "certain tire or other rubber or automotive manufacturing plants." The session will be asked to amend several sections of the Mississippi Code of 1972 - also known as the Mississippi Major Economic Impact Act - to provide for financial assistance and/or tax breaks for an industrial project of this nature. Comment?
Continental Tire the Americas L.L.C. has donated $115,000 to the American Red Cross to be used in recovery efforts following catastrophic flooding in South Carolina. The donations - which comprise $100,000 from Continental A.G. and $15,000 from Continental Tire the Americas - will serve to help residents in the area who were impacted, the firm said. Comment?
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