China’s Tyre-makers Facing Tougher Competition – From Majors
China's tyre-makers are facing tougher – and growing – competition from major industry names, says Tire Review, as companies like Groupe Michelin, Bridgestone Corp and others are boosting their investment in China. According to the People’s Daily, “Booming domestic market made foreign companies more confident in their expansion in China, and will lead to more fierce competition,” said a manager from an unnamed Chinese tyre-maker located in Shandong province.