Tire Talk blog looks at shrinking industry
An Indian tiremaker's pending acquisition of a Dutch tire company from a Russian tire manufacturer confirms that the tire industry is truly becoming "a small world."
"Sure, tire companies from France, Germany, Italy, Japan, South Korea, China, Finland and other countries have been doing business in the U.S. and Canada for decades," he writes. "But did anyobody ever expect an Indian tire manufacturer to make inroads into this market?"
That could very well happen if Apollo Tyres Ltd.'s acquisition of Vredestein Banden goes through. For more, see Tire Talk with Mike!