Thinking of buying Interco tires?... might want to wait

[Jeffb_79]

Denman Tire company makes Interco tires
http://www.wytv.com/content/news/loc...x-ifvh66Q.cspx
Denman Tire Workers Told Company Out of Money

While they didn't learn much about when or if they'll return to their jobs, Denman Tire employees were feeling a little more relaxed Thursday.

After being sent home from work at the Leavittsburg plant earlier this month, many of the more than 200 workers gathered Thursday night for a union meeting to learn why.

"The bank isn't giving them anymore money," worker Randy Rader said after the roughly two-hour meeting.

The workers were sent home in phases earlier this month and told not to return to work until further notice. Several said that at the time they were told the company didn't have the money to buy materials needed to produce tires.

Union officials would not comment at the Thursday meeting.

But workers said after the gathering they were told the bank that handles Denman's loans will not loan any more money to the company.

However, workers were told there are a handful of parties interested in buying the company.

"If they do, hopefully that will fix the problem," Rader said.

Employees said things are usually slow at the plant during this season, and they do lay-offs for short periods of time. What happened this time, they said, was unusual.

"This time they just individually stepped us out and told us there was nothing left in the plant," said Rader. "They ran all the tires they can run out, so the plant right now is empty of material and tires as far as I know."

A round of workers was just laid off in late 2009, said employees, months after company officials indicated financial problems due to declining demand for their product.

In March, company and union officials began seeking millions of dollars from the federal government to help, saying if they didn't get assistance, they would be forced to liquidate. They said the demand for their product had been declining.

The employees Thursday weren't given any kind of timeline for when or if they'd return to work. The employees don't believe their situations are due to any contract issues or wanted concessions. The contracts of Denman's union workers are up in July. They said they were recently presented a large concessions package, which would have included a large pay cut.

"We don't make a lot of money," Rader said. "Most of the people in here make about $16 or $17 an hour, and if they want us to take a $5 an hour pay cut we obviously can't do that."

Rader said the company is a good one to work for, and they'll remain optimistic they'll get called back.

"They pretty much told us we're out until further notice," Rader said. "To file for unemployment. We'll just keep waiting to see if they call."

The plant has been operating in Trumbull County more than 90 years.

[cavjeeper]

well that explains why when I tried to order a set of TRXXUS MTs I was told they were on a nation wide back order.

[SGM O]

Glad we ran up a few trillion dollars in debt to bail out the banks and help struggling companies

[Military Jeeper]

How does a tire company like Interco go under? I mean seriously, they dominate the 4x4 industry with most customers?

[Fifthpro]

Not sure but I am a huge fan of TRXXUS MTs...HUGE! Looks like I may have to go back to Toyo MT's...

[Military Jeeper]

Looks like I may have to go back to Toyo MT's...

That's what I run....

[TJ 4 the Boxers]

How does a tire company like Interco go under? I mean seriously, they dominate the 4x4 industry with most customers?

New compition, ie Pitbull tires, Maxxis come to mind. Plus the know fact that their tire is known to be not the most round tire, one of mine took almost 12 oz of weight to balance.
I'm bummed though, if they go under, cause I was going to get the same Trxxus MTs (just in 35's) when the time comes.

[Jeffb_79]

The Trxxus MT's might be safe for now. I can't find anything about Denman making those tires. It looks like Denman owns the rights to Ground hawgs, TSL, SX, Swamper, SSR, some Coker, some Dick Cepek, and some Dunlaps. Not sure what other tires they own the rights to, but that's what I've found so far.

I'd imagine if Interco loses all the tires Denman makes for them.... they'll be dropping pretty quick.

[Fifthpro]

New compition, ie Pitbull tires, Maxxis come to mind. Plus the know fact that their tire is known to be not the most round tire, one of mine took almost 12 oz of weight to balance.
I'm bummed though, if they go under, cause I was going to get the same Trxxus MTs (just in 35's) when the time comes.

I got 5 that may be for sale if this is true!
I will got back to running Toyo O/C MT's http://www.offroaders.com/tech/AT-MT...en-Country.htm
I have had pretty much the same results out of them as they rate them....still like the Trxxus MT one step better...

[Military Jeeper]

I got 5 that may be for sale if this is true!
I will got back to running Toyo O/C MT's http://www.offroaders.com/tech/AT-MT...en-Country.htm
I have had pretty much the same results out of them as they rate them....still like the Trxxus MT one step better...

I've had my Toyo MT's for a couple years now but less than 1000 miles on them (don't ask, long story). Anyway, curious as to how your wear was on yours when you ran them?