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Article: Investments.
- Article from:
- European Rubber Journal
- Article date:
- December 1, 2003
- Author:
CopyrightCOPYRIGHT 2003 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The world's major tyre companies have committed nearly $1200 million in the past 12 months to capacity expansion projects, which would add more than 35 million units of new capacity annually starting in 2004.
This amount is 25-percent less than the $1600 million in projects announced from August 2001 to August 2002.
In general, capital investments by the top dozen tyre makers were down by about 6.5 percent in fiscal 2002, down to $3910 million, according to an analysis of their financial reports. That is around 5.1 percent of corporate sales, down from 5.5 percent in fiscal 2001.
Bridgestone
Bridgestone Corp. has nearly $350 million ...
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