ERJ staff report (DS)
Dublin, Ireland -- Research In Chinahas published a new report titled, Global and China Automotive Tire Industry Report, 2009-2010 . The 201-page report was first published in May 2010 and is available for a price of around Euro 1850, depending on delivery options.
The publishers say, "In 2008, the tyre industry was in depression, companies suffered big drop or even loss of profit due to the natural rubber price inflation, and both the OE market and the RT replacement market plummeted due to the worldwide economy downturn in the second half of 2008. The situation was improved in 2009. The natural rubber prices continued to drop while there was just a slight, or even no fall in tyre prices. As a result, companies doubled their profits, but still witnessed decline in revenue since the demand had not been recovered to the peak level in 2008."
ERJ has not seen this report and can make no comment on the quality of the research or of the conclusions.
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Home page of report on Research & Markets website