By Jane Ho, Crain News Service
GUANGZHOU, China (April 13, 2015) — China's rubber sector will experience slower growth in 2015, China Rubber Industry Association Chairman Deng Yali said during her speech at the recent 2015 China Rubber Conference in Guangzhou.
In her comments, she mentioned output, export volume and export value will slow down in 2015.
“However, the output of segments with high added value and great market potential is expected to show high increase,” Ms. Deng added, singling out steel wire-braided rubber hose — production of which is likely to grow 32.4 percent to 490 million meters — against a backdrop of a 3.6-percent rise in rubber hose overall.
Ms. Deng said the rubber sector had a 0.1-percent profit growth last year, compared with an 18.5-percent increase in 2013. The tire segment showed a 4.4 percent profit drop.