Based on article published in March/April issue of ERJ magazine
London – Suppliers of equipment to the rubber and tire industries, in general, fared less well in 2015 than the previous year and have become more cautious and selective about their investment plans going forward, the ERJ Machinery Survey 2016 shows.
The headline news, though, is that HF has regained its position as the world’s largest rubber machinery company – replacing Mesnac, which knocked HF off its long-held top spot, last year. Holding steady in third slot is VMI, though all of the top three players have reported sales declines in 2015.
A look at companies that reported in both this year’s and last year’s ERJ Machinery Survey shows that sales fell 2.8 percent across the rubber and tire machinery sector in 2015. Combined sales for this 40-strong group of companies came in at $3,565.6 million, compared to the prior-year $3,657.2 million.
This marks a considerable reverse from last year, when the same like-for-like comparison registered a 10.3-percent rise in sales compared to 2013.
The decline noted for 2015 principally reflected a slump in sales among Chinese-based machinery companies, which was only partly offset by gains elsewhere – North America in particular.
Read the full report, including Top 50 global ranking, in the March/April issue of ERJ magazine