Nankang Reports “Record Sales” in 2010

Nankang Rubber Tire representatives have reported an increase in sales of 28.7 per cent in 2010, making it “a record year” for the company. Despite the appreciation of the Taiwan new dollar’s exchange rate, Nankang says it achieved a 28.7 pr cent increase in operating income year-on-year, having reached figures of 13,618,253 thousand Taiwan dollars (£468.9 million) in comparison with 10,581,829 thousand Taiwan dollars (£364.7 million) in 2009.

Commenting on this figure a Nankang statement says the increase is partially due to the company’s rising tyre prices implemented in response to rising raw material costs. It also said the quality and technology within Nankang product range had led to increased interest from purchasers. The company says it “continues to strive for international competition and adjust to market developments, especially through a product offering customised for today’s environmental and fuel-efficiency requirements.”

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