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SRI quadruples profit in 2023

Author: Stephen Goodchild Comments: 0
SRI, which produces the Dunlop tyre brand outside Europe & Falken worldwide, experienced notable improvements in 2023 (Photo: Stephen Goodchild / Tyre Industry Publications Ltd)

Despite significant interest rate hikes, geopolitical tensions, inflation and economic stagnation in some regions, modest signs of global economic recovery appeared in 2023. Sumitomo Rubber Industries (SRI) reports experiencing notable improvements in the financial year ending 31 December 2023, including a “significant reduction” in freight costs compared with the prior year as well as a “lull in the soaring raw material and energy costs,” leading to significantly improved profitability.

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