Chinese tyre industry picking up – report

ERJ staff report (DS)

Beijing – China’s tyre industry appears to be getting on a stronger footing according to an analyst report published on the CRIA website.

The report tracks some large orders for rubber and tyre machinery given to Saixiang Technology as well as reporting on the end of tariffs by the US government. An analyst at Warburg Securities says that as Chinese tyre makers gear up to increase exports to the US, some machinery companies are likely to benefit.

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