Nankang reports record sales in 2010

ERJ staff report (TB)

Taipei, Taiwan -- Nankang Rubber Tire Corp.'s sales last year jumped 28.7 percent to $431.6 million, in part due to higher selling prices enacted to offset rising raw materials prices.

Nankang, Taiwan's No. 2 tyre maker behind Cheng Shin Rubber/Maxxis International, did not comment on its earnings performance for the year but did say the fiscal year was “plagued by rising raw material prices and the appreciation of the Taiwan dollar exchange rate.”

Nankang operates one tyre plant in Taiwan and one in China.

The company recently expanded its product portfolio, adding radial motorcycle tyres to the mix.

From Tire Business (A Crain publication)