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US tyre capacity swells as suppliers signal strong global demand

Several tyre suppliers have recently announced the expansion of manufacturing plants and facilities to keep up with strong demand. By Michael Nash

According to a report by market research company TechSci Research, the US tyre market will record a CAGR of 8% between 2015 and 2020. To meet this growing demand, a handful of tyre suppliers have recently announced plans to construct new manufacturing plants and expand existing facilities.

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