A year after cutting their capital investment budgets back to a trickle, the world's major tyre makers have opened the pumps again, disclosing nearly $8 billion in the past 12 months in spending for new plants and capacity expansions that represent more than 100 million units of new annual capacity. The amount is more than three times the spending revealed in 2008-09 and the second-highest total monitored by European Rubber Journal in the 25 years of publishing the annual Global Tyre Report.
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