Federal Announces Record Shipments in March

(Akron/Tire Review) Federal reported that it has achieved a new record for shipments in March. Total shipment value from the company’s Taiwan factory reached $11million, according to Federal.

The company credited the record shipments to improved efficiency, increased capacity output and shipment content. Federal said it shipped a high ratio of performance tyres in March.

Federal added that, to relieve high back-order levels, it plans to increase capacity even further in both its Taiwan plant and its Jiang Xi factory in China.