Kenda set to benefit from rising China tire demand

ERJ staff report (BC)

 

Taipei, Taiwan – Tire manufacturer Kenda Rubber Industrial Co is likely to see sales growth accelerate this year, thanks to China’s booming auto market, analysts have said to Kevin Chen of the Taipei Times.

The strong tire replacement demand in China and Kenda’s increasing presence in both after-market tires and spare tires will also help the company maintain stable profit margins this year, they said.

“Although the growth rate for China’s new car market has moderated from the high teens in previous years to…

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