ERJ staff report (DS)
Beijing -- The growth in output of ruubber goods in China was stable in August 2011, according to data released today by the China Rubber Industry Association (CRIA).
For the month, the inflation-adjusted value of rubber goods produced reached yuan 195.435 billion, up by 20 percent on the same period a year ago. However, profits continued to fall at China's rubber processing companies, based on the high cost of raw materials.
In the tyre industry, sales growth increased by the same amount -- around 22 percent -- but production volume increased only by 2.2 percent. Radial tyre production volume increased by 5.35 percent. The proportion of radial tyres reached 86.4 percent. Exports increased, reaching 43.05 percent of total production.
The data also tracks cycle tyres, O-ring production, general rubber goods production and other products in China's rubber industry.
Imports of NR increased by 24 percent over tthe same month a year ago, to 152,300 tonnes.
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Press release from CRIA (Chinese language)
Above Press release auto-translated from Chinese