Record Sales For Federal

Taiwan-based Federal Corporation reported record sales for 2002 of US$ 103.4 million, up 15.7 per cent from the 2001 figure of US$ 89.

4 million. Sales outside Taiwan and China accounted for $69.2 m (66.

9 per cent), up 28.7 per cent on 2001. Domestic sales fell 4.

2 per cent to $34.2 m. Much of the success, says President Jamie Ma, was due to strong demand for the ultra-high performance SS-595 tyre.