ERJ staff report (DS)
Beijing -- Production of radial tyres in China in the first three months increased by 8.69 percent, and production of steel radials increased by 8.06 percent. Overall, tyre exports increased slightly, rising to 40.93 percent of total tyre production. Overall, tyre output rose by 5 percent, but this includes the impact of a 14 percent reduction in output of cross-ply tyres.
New data published by the China Rubber Industries Association (CRIA) shows that there are 44 companies making tyres in China with a further 23 companies making cycle tyres.
Production of O-ring seals increaed by 35 percent over the same period a year ago, while anti-vibration products for the auto industry grew by over 45 percent
Iin carbon black, CRIA said a total of 39 companies make carbon black in China, and the average selling price increased by 20 percent in te period, while revenues increased by 26.5 percent, based on output increased by 8.7 percent
Output of recycled rubber also increased
CRIA said China made 234 000 tonnes of steelcord and 149 000 tonnes of bead wire and 98 000 tonnes of textile cord in the quarter.
CRIA said profitability in China continues to decline due to the increased prices of raw materials.
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Press release from CRIA (Chinese language)
Above Press release auto-translated into English from Chinese