Dębica announces further production cutback
On 13 August Polish tyre maker TC Dębica informed the Warsaw Stock Exchange of further reductions to its planned 2012 production of passenger car, truck and agricultural tyres. These changes approved by the company’s Board of Directors come on top of cuts announced in March and May, and reduce Dębica’s planned 2012 passenger car tyre production by an additional four per cent, truck tyre production by one per cent and agricultural tyre production by nine per cent.
The stock exchange filing states the decision to further ease production was taken on the basis of information received from 66.05 per cent shareholder Goodyear Tire & Rubber; the US tyre maker has reduced its order for Dębica tyres over the coming month in response to weakening demand in European markets.
Dębica says its management will plan productions levels ‘flexibly’ based upon demand and the size of orders it receives.
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