Friday, 27 May 2011
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Global Tire Demand Exceeding Supply Helps Bridgestone, Goodyear, Sumitomo
Global tire demand is expanding at a faster pace than production, led by growth in China, as vehicle sales are increasing, Sumitomo Rubber Industries Ltd. (5110) said. Tire sales in China, the world's largest auto market, may increase 30 percent this year, or at 10 times the global rate, President Ikuji Ikeda said in an interview. Sumitomo Rubber, the largest Japanese tiremaker after Bridgestone
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