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Tires and automakers have withdrawn from Europe and turned to emerging countries

  • Categories:Trade News
  • Time of issue:2019-09-27 14:18

(Summary description)According to HC Rubber News: According to Japanese media, cars and tire manufacturers that have reduced production and sales in Europe and exited the European market have emerged. Affected by the continued downturn in the European economy, low factory operating rates and declining sales, companies are turning their attention to emerging countries such as North America and Southeast Asia, where demand is growing, to ensure revenue.

Tires and automakers have withdrawn from Europe and turned to emerging countries

(Summary description)According to HC Rubber News: According to Japanese media, cars and tire manufacturers that have reduced production and sales in Europe and exited the European market have emerged. Affected by the continued downturn in the European economy, low factory operating rates and declining sales, companies are turning their attention to emerging countries such as North America and Southeast Asia, where demand is growing, to ensure revenue.

  • Categories:Trade News
  • Author:
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  • Time of issue:2019-09-27 14:18
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According to HC Rubber News: According to Japanese media, cars and tire manufacturers that have reduced production and sales in Europe and exited the European market have emerged. Affected by the continued downturn in the European economy, low factory operating rates and declining sales, companies are turning their attention to emerging countries such as North America and Southeast Asia, where demand is growing, to ensure revenue.
 
BRIDGESTONE recently announced that it will close its factory in Bari, southern Italy, by June next year. The plant began operations in 1962 and produces regular tires that can produce up to 21,000 tires per day. As the price of this type of tires continued to fall, the factory operating rate also fell to around 70%. Logistics and other costs are also higher than in emerging countries.

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