China outlines rubber industry growth in first six months

ERJ staff report (DS)

Beijing - China's rubber industry grew at a rate of around 5 percent in the first six months of 2012, according to the latest statistical report from the China Rubber Industries Association (CRIA). CRIA said, “the growth rate is significantly weaker than the previous year.”

CRIA combined membership of 426 companies produced goods with a combined value of yuan 153 billion, an increase of 5.05 percent ahead of the same period a year earlier. Sales increased by 4.7 percent to yuan 152 billion. Exports value reached yuan 45.6 billion, up by 7.9 percent year-on-year. Profits jumped by 31.5 percent to yuan 10.7 billion

In the tyre segment, the top 44 companies reported an increase in combined sales of 4.3 percent. Radial tyres now make up 87 percent of total production

In cycle tyres sales revenue grew by 6.35 percent; and other segments grew at similar rates (See story below)

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News story from CRIA (Chinese language)

Above story auto-translated (from Chinese language)