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WASHINGTON, D.C., March 29, 2007 – Sustained economic growth and a general recovery in the tread rubber industry will fuel a 2.3 percent shipment increase in 2007, according to the Rubber Manufacturers Association’s Tread Rubber Market Analysis Committee (TRMAC).
This forecast represents an increase of 230,000 units to approximately 15.9 million retreaded tires in the United States for 2007.
The committee noted that the growth in new commercial vehicles over the last couple years, spurred by the 2007 EPA engine emissions standards, will begin to have a positive effect on the retread market. The retread tire potential may be limited by the difficulty in sourcing Off-the-Road (OTR) tire casings as strong demand for those products continues.
Retreaded tires are used by commercial aviation, commercial trucks, school buses, and off-the-road vehicles such as industrial, agricultural and mining equipment.
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The Rubber Manufacturers Association is the national trade association for the rubber products industry. Its members include companies that manufacture various rubber products, including tires, hoses, belts, seals, molded goods, and other finished rubber products. RMA members employ over 120,000 workers and account for more than $21 billion in annual sales.