Competition among the tyre producers has clearly intensified of late and the industry’s H1 19 numbers suggest that it has been the replacement market, in addition to falling demand from the OEMs, that has come under pressure in volume terms. Consequently, the companies are fighting this by offering more attractive prices in order to fill their capacities.
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Michelin closes one passenger car tyre plant in Germany
- Published:
25 Sep 2019 -
Author:
Hans-Peter Wodniok -
Pages:
2
Competition among the tyre producers has clearly intensified of late and the industry’s H1 19 numbers suggest that it has been the replacement market, in addition to falling demand from the OEMs, that has come under pressure in volume terms. Consequently, the companies are fighting this by offering more attractive prices in order to fill their capacities.