Industry revenue of »manufacture of rubber tyres and tubes« in Slovakia 2011-2023
Revenues of the rubber tyres and tubes manufacturing industry in Slovakia have grown from 1.40 billion U.S. dollars in 2011 to 1.88 billion U.S. dollars in 2019. The industry is ancillary to the automobile sector, and demand is largely driven by automobile production and sales. Additionally, the industry has also benefited from the presence of the fourth largest tyre manufacturer globally, namely, Continental AG. The factory is located in the town of Puchov and manufacturers nearly 11 million passenger car and light truck tyres on an annual basis.
Initial projections demonstrated an eight percent rise in revenues between 2019-2023, with the manufacturer looking for to expand production facilities in the country. However, a growth at this point in time looks rather far-fetched as the outbreak of the corona virus has severely disrupted industry operations. Majority of the factories are shut or are operating with a minimal workforce. Continental has also cut production in its Puchov plant by 20 percent.
Initial projections demonstrated an eight percent rise in revenues between 2019-2023, with the manufacturer looking for to expand production facilities in the country. However, a growth at this point in time looks rather far-fetched as the outbreak of the corona virus has severely disrupted industry operations. Majority of the factories are shut or are operating with a minimal workforce. Continental has also cut production in its Puchov plant by 20 percent.
