Global road vehicle tyre output to hit 2bn in 2020 – Michelin

23 May 2012 04:16  [Source: ICIS news]

SINGAPORE (ICIS)--Global road vehicle tyre production will hit about 2bn in 2020, up from around 1.2bn/year currently, spurred by strong demand growth from emerging markets, a senior executive at French tyre maker Michelin said on Tuesday.

The number of tyres produced for trucks and buses will grow to 200m in 2020, up from about 120m currently, said Michel Rollier, managing chairman and managing general partner at the Michelin group.

This increase in tyre production will need to develop in tandem with concerns over environmental protection and sustainability, Rollier said, speaking at the World Rubber Summit 2012 which runs from 22-24 May in Singapore.

"Changing customer values are making them more aware of their actions and its impact on the environment... this makes them more demanding," he said.

"Sustainability and preservation is not a topic to discuss about, it’s a necessity," Rollier said.

Tyre manufacturers have a role to play in ensuring this, and can do so by consuming less raw materials, extending the longevity of tyres and reducing tyre mass, he said.

"We have to also keep in mind that 18m tonnes of tires are being discarded each year... we have to believe in recycling... as these can be collected as raw materials," Rollier added.

By: Nurluqman Suratman

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly