China's tire production this year will increase 6% year-on-year
Comprehensive media November 2 news, China National Rubber Industry Association Deputy Secretary-General Xu Wenying said that China's 2011 tire production will increase by 6%, lower than the 2010 growth of 10%.
Xu Wenying said that high raw material prices have increased the pressure on Chinese tire manufacturers and 25% of companies have suffered losses.
She said that China's tire exports have also slowed this year.
Xu Wenying said that high raw material prices have increased the pressure on Chinese tire manufacturers and 25% of companies have suffered losses.
She said that China's tire exports have also slowed this year.
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