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Source: Daily "The Nation", Bangkok; 29 June 2007

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Source: Vietnam News Agency, Hanoi; 29 June 2007

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OTTAWA - Transport Canada, the Canadian equivalent of the U.S. Department of Transportation, is investigating radial light truck tires manufactured by Hangzhou Zhongce Rubber Co. Ltd., the agency said.

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Foreign Tire Sales Inc. (FTS) will give the National Highway Traffic Safety Administration a revised defect report by July 2 outlining a plan to recall at least some of 450,000 Chinese radial light truck tires the Union, N.J.-based company imported into the U.S.

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BATON ROUGE, Louisiana - Lion Copolymer L.L.C. today completed its purchase of the EPDM and chemical foaming agent assets associated with the Chemtura Geismar, Louisiana plant.

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FULLERTON, California - Yokohama Tire Corp. has promoted Dan King to vice president of sales effective July 1.

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MOUNT VERNON, Illinois - Continental Tire North America Inc. has budgeted USD 78 million more toward the ongoing modernization and expansion of its Mount Vernon car and truck tire plant.

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TYLER, Texas: Rex-Hide Inc. has acquired Midwest Custom Mixing Inc. to bolster and complement its own mixing capabilities.

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Hankook Tire America Corp. will raise prices up to 7 percent on its full line of passenger, high-performance and light truck tires, effective July 16 and with the specific amount of the increase will vary by product line and size.

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Foreign Tire Sales Inc. could face penalties of USD6,000 per violation -- or a maximum of USD16.4 million -- if it violates regulations pertaining to a tire recall ordered by the National Highway Traffic Safety Administration, the agency warned in a June 26 letter to the firm.

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