TEXT-S&P on tire makers' growth strategies


(The following statement was released by the rating agency) June 27 - According to a report published June 24 by Standard & Poor's Ratings Services, global tire demand is now returning to normal after a significant dip during the economic downturn and a strong rebound in 2010. Despite the downturn, the industry grossed $127 billion in 2009, and more than half of the market belongs to six companies: Bridgestone, Michelin, Goodyear, Cooper, Continental, and GITI. The report, titled "In ...

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