UPDATE 2-Australia's Ansell slashes tyre investment value

Newswire

(Adds company interview, analyst comments, updates shares) By Daniel Morrissey SYDNEY, June 30 (Reuters) - Australia's Ansell Ltd. cut by 58 percent the value of its investment in South Pacific Tyres (SPT), a joint venture with Goodyear Tire & Rubber Co. , due to cheaper imported tyres and costly raw materials. The world's largest maker of latex gloves reaffirmed its main Ansell Healthcare unit would meet its fiscal 2005 target of earnings before interest, tax and amortisation of ...

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