Michelin-Truck-Tire2

CV tire majors gain as Chinese wane

Birmingham, UK – Chinese imports are losing ground in truck and bus tire markets within the UK and mainland Europe, officials of leading tire makers said at the Commercial Vehicle Show 2017, held 25-27 April in Birmingham.

As explained by exhibitors including Giti, Hankook and Michelin, the reversal follows a series of price increases and availability issues around Chinese tires – products that have gained significant market share over recent years on the basis of low cost.

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