10 September 2013 18:54 [Source: ICIS news]
BERLIN (ICIS)--Russian tyre production from 2012 to 2017 is projected to rise at an 8.2% compounded annual growth rate (CAGR) compared with a 5.6% CAGR for tyre consumption, Yulia Surganova of SIBUR said on Tuesday.
Speaking at the 2nd ICIS Butadiene & Derivatives conference, Surganova added that Russian tyre consumption had increased 18% from 2007 to 2012, while tyre production remained flat. However, international tyre manufacturers such as Michelin and Continental, have had a growing presence in the supply of increased passenger tyre demand and additional plants have been planned.
SIBUR, a main synthetic rubber (SR) producer, manufacturers 34%, or 408,000 tonnes/year, of Russia’s 1.2m tonnes of SR, which equates to 8% of global capacity.
Russian tyre production is split between passenger and truck tyres with truck and bus tyres exported to CIS.
The 2nd ICIS Butadiene & Derivatives conference runs until Wednesday 11 September.
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