MELBOURNE, Australia-Radialization remains in an embryonic stage in China. That's the view of Hung-Ki Kim, chairman of Korea Kumho Petrochemical Co. and a speaker at the International Institute of Synthetic Rubber Producers meeting in Melbourne.
``According to our own investigation of the current production of radial tires (in China), those for passenger cars account for 5 percent, while those for trucks are 14 percent,'' he said. ``But this production rate is expected to increase remarkably to around 30 percent by the year 2000 as the newly constructed plants place their tires on the market.''
Tire demand to grow in India
AKRON-Tire demand in India is forecast to grow from 8 to 12 percent annually through the year 2000, according to a recent study by Smithers Scientific Services Inc.
Especially strong growth is predicted for radial passenger tires over the next five years due to the expanding variety of domestically produced cars in India, the study shows. The number of passenger cars in India is projected to grow from 3 million in 1995 to 5 million by the year 2000.