US tyre makers hit hard by declining demand

By Bruce Meyer, Crain News Service

Akron — There’s a storm brewing in the US tyre industry, and the result is a cutback in the nation’s tyre production by most of the major manufacturers.

The tempest is the dual decline of both original equipment (OE) and aftermarket tyre sales, an uncommon occurrence in the industry. Typically, when OE volume is down, the replacement market picks up, and vice versa.

Not this time. The Rubber Manufacturers Association’s (RMA) Tire Market Analysis Committee expects declines for 2008 in both OE…

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