The latest industry data and company financial reports indicate some significant challenges ahead for tire makers in Europe. Patrick Raleigh reviews
A second-quarter reversal in European replacement tire markets could set a trend for the months ahead, believes Fazilet Cinaralp, secretary general of the European Tyre and Rubber Manufacturers’ Association.
Cinaralp was commenting on ETRMA’s latest quarterly figures, which showed significant quarter-on-quarter declines in member companies’ sales – reversing a positive trend observed earlier this year.
The data, published…