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Tire-makers commit more than $8.6 billion to expansions, upgrades

from Tire Business

The world's major tire-makers committed at least $8.6 billion in the past year toward new and expanded capacities and research capabilities, representing nearly 46 million units in new annual capacity for consumer tires and 4 million to 5 million for commercial tires to be brought on stream in the 2015-2018 timeframe. This amount of cap-ex spending exceeds by about $600 million the total budgeted in 2012-13 and ranks as the fourth largest 12-month total Tire Business has tracked over the past 21 years. more

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