Rubber Manufacturers Association Cuts Tyre Forecast

Underlining the news from Goodyear, the US trade group the Rubber Manufacturers Association has cut its forecast of tyre shipments for 2001 from 316 million tyres to 303 million. Last year’s figure was a record 321 million tyres. July tyre shipments to car manufacturers were 5 per cent down on the same month last year, while commercial market shipments fell by 32 per cent.

The RMA predicts shipments of 304.4 million tyres next year and 317 million in 2003..