ERJ staff report (DS)
Singapore -- Stamford Tyre has announced a 6.7 percent increase in annual revenues, to Sing$364.1 million for the 12 months to December 2011. The company said gross margins were stable at around 22 percent.
The company has a strong presence in China and forecasts vehicle sales there to reach 20 million units in 2012, up from 18.5 million in 2011
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