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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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Septon Co. of America will boost prices for its Septon, Hybrar, LIR, Isobam and Kuramiron brands by 16 cents per pound for all markets in North and South America, effective July 15.

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Connecticut Attorney General Richard Blumenthal has announced an investigation into the distribution and sale of recalled Chinese light truck tires manufactured by Hangzhou Zhongce Rubber Co. and warned tire dealers against selling them.

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Four Democratic U.S. senators -- Carl Levin and Debbie Stabenow of Michigan, Sherrod Brown of Ohio, and Robert Casey of Pennsylvania -- have sent a letter to President Bush, urging him to push the National Highway Traffic Safety Administration to expedite the recall of 450,000 Chinese light truck tires.

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