ERJ staff report (DS)
Debica, Poland - TC Debica has reduced output of truck and agricultural tyres due to reduced demand from its major shareholder, Goodyear-Dunlop.
Debica issued a statement to investors saying that March production of truck tyres will be fall by about 10 percent and agricultural tyre production will be down by 4.5 percent compared with the schedule prepared earlier in the year.
The decision was made following reduced orders from Goodyear. Debica said Goodyear cited weakness of European demand as the reason for its lower volume requirements.
The March reductions will reduce annual output of truck tyres by 1 percent and agri tyres by 0,5 percent., said Debica
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Statement from TC Debica (Polish language)
Above press release auto-translated into English (from Polish)