China tyre market report 2008 published

ERJ staff report (RD)

Dublin, Republic of Ireland - Market research company Research and Markets has published the "China Tyre Market Report, 2008” on its website, the company announced 15 Oct.

The report will include an overview of industrial development, the development of the international tyre industry, operational analysis and key tyre enterprises relating to the China tyre market.

“The rapid growth of the Chinese economy has driven the auto industry to develop dramatically, which has also boosted the prosperity of the tyre industry. During 2002 to 2007, China's tyre output and sales both experienced an annual growth rate of 20 percent, especially the radial tyre, which had an annual growth rate of over 33 percent. The tyre output and radial tyre output will each reach 630 million units and 530 million units respectively by 2010,” the statement said.

Companies mentioned:

-- GITI Tire Co., Ltd.

-- HangZhou ZhongCe Rubber Co., Ltd.

-- Triangle Group

-- Qingdao Yellow Sea Tyre Factory

-- Guizhou Tyre Co., Ltd.

-- Aeolus Tyre Co., Ltd.

-- Shandong Linglong Rubber Co. Ltd.

-- Michelin Tires Co., Ltd .

-- Goodyear Corporation

-- Bridgestone Investment Co., Ltd.

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Press release from Research and Markets