SUGAR LAND--April 17, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--The tire industry, like most other industries, tends to run in cycles. Currently, several factors are creating a favorable climate: the boom in the automotive and agricultural industries; the recovering economy; and the proximity of many tire companies to areas with strong demand, which reduces costs for logistics, shipping and inventory. Industrial Info is currently tracking $3.12 billion in active and unconfirmed tire-related capital projects in the U.S. and Canada. Within this article: Details on the outlook for the North American tire industry, including key projects from major companies, such as Hankook Tires and Giti Tires.
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