Car tire production up 8.5% in H1
Production of summer tires for personal vehicles saw an 8.5% growth in Hungary in the first half of the year compared to the first half of 2015, according to a press release issued today by tire maker Continental Hungary.
The growth was chiefly boosted by the performance of the cheaper, so-called “budget” segment, with 14.2% growth, while the middle “quality” category expanded by 8.8% and the top “premium” segment dropped by 0.2%.
“Demand in Hungary was positively affected by low gas prices,” noted Dániel Rábai, CEO of Continental Hungary.
ADVERTISEMENT
Hungary PMI Edges up to 47.4 in September
Ukraine Suspends OTP Status on 'Sponsors of War' List
KarikĂł and Weissman Receive 2023 Nobel Prize in Medicine
Pálinka Added to EU-Japan Geographical Indication Deal
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
