Blog from Singapore: Recession may help budget tyre brands

ERJ staff report (DS)

The outlook may look bleak for the tyre and rubber industry, but the view from the world rubber summit, just finished in Singapore, is that it is not and will not be a disaster.

While the short-term perspective from the OE-exposed premium tyre manufacturers of Europe and North America looks bleak indeed, a more global perspective is significantly more optimistic.

Overall tyre sales in 2009 are likely to be about 5 percent down on 2008, at about 1400 million units, according to two…

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