South Korean tire maker says short-term revenue losses from Covid-19 "inevitable"
Temporary plant closures, fluctuations in demand and supply-shortfall impact business
World consumption fell 19.6% in the first quarter to 2.7 million tonnes, according to ANRPC
Move in response to customer demand for “sustainable and differentiated” products
Unit being sold to Trinseo to meet European Commission conditions for the takeover
Plant to manufacture 4 million passenger and light truck tires at full capacity
Chinese tire maker’s high-speed circuit is designed for 180km/h balance-speed
Global demand expected to fall by more than 12% this year to 78.8 million units
Closure part of South Korean company's strategy to focus on high-value products
Production impacted by Covid-related shutdowns and supply issues at raw materials manufacturers
