Tire maker's capex commitments down 20 percent in past year

摘要

Tire makers worldwide budgeted more than $8 billion in capital expenditures in the past year toward new and expanded capacities, down from the record total of $10 billion in 2011 -12 but still the fourth largest 12-month total Tire Business has tracked over the past 20 years. Including Apollo Tyres Ltd.'s $2.5 billion bid to acquire Cooper Tire & Rubber Co. would push the total to a record $10.5-plus billion.