North American Retreading Conference Grows in 2008
According to statistics released by TRIB, approximately 18.6 million retreaded tyres were sold in the North America region (US, Canada & Mexico) in 2006, generating sales exceeding US$3 billion. Other sources indicate that the US retreading market alone generated revenues of $1.25 billion in 2006, growing to $1.5 billion the following year. The majority of these were medium truck tyres, and in this market nearly half of all replacement truck tyres fitted to vehicles are now retreads. To keep abreast of developments in this lucrative industry – 2007 gross profit in the US retreading market was estimated at 13 per cent of sales – a number of those associated with the 900 or so retreading facilities operating in North America attended this year’s Commercial Tire, Retread & Recycling Conference (CTRRC) in Florida between February 5 and 8.