Article: Foreign influence; Chinese firms gain ground, boost market value.(News)

Byline: Bruce Davis

The China factor weighed in on this year's Rubber & Plastics News Global Tire Company Rankings.

The three behemoths of the world's tire business-Groupe Michelin, Bridgestone Corp. and Goodyear-retained the top spots in the rankings, based on 2002 sales. But the rise to prominence of a dozen-plus Chinese tire companies caused the trio's dominance of world tire sales to fall slightly to 56 percent.

Overall, the size of the global market rose 3.1 percent to an estimated $70.6 billion, with growth by the Chinese firms accounting for much of that increase. The shift in value between the dollar and other currencies accounted for a ...

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