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Sino-Malaysian JV looks to address tyre recycling issues

China Automobile Parts and SRI Elastomers have entered into an agreement to commercialise the latter's tyre recycling technology, and to set up a production plant in China

New vehicle sales in most major automotive markets worldwide have either been rising strongly or have stabilised. This increase in demand for new vehicles has had a positive impact on demand for automotive tyres. In addition to OEM demand, the tyre segment is also driven by the replacement market.

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