Dunlop Record Growth in 1999

Dunlop GmbH (Hanau) expects further turnover and profit increases in the 1999 tyre business. Turnover will rise by almost ten per cent over the previous year to 1.64 billion marks.

The pre-tax group profit will be significantly above the 1998 level of 133 million marks. The good business development is due to consistently strong demand for Dunlop tyres both in original equipment and in replacement. High winter tyre sales figures also contribute to this development, representing approximately 20 p.

c. in Dunlop’s total German production. Dunlop 1999 winter tyre sales will probably have gone up by 16 p.

c. over 1998. Since 1994 Dunlop GmbH has doubled its car tyre sales.

During the last few years the Hanau tyre manufacturer has made progress in the high-performance tyre segment far above the market average, and the company operates a profit-sharing scheme for its employees. Against the industry trend, the Dunlop payroll has increased by almost 21 p.c.

since 1991, with the number of people working for Dunlop GmbH at the end of November 1999 reaching almost 5,000. If one leaves out the former subsidiary Dunlop TECH, which ceased to belong to the contributing members of the Dunlop GmbH group in the middle of last year, the figure is similar to that of the previous year..