U.S. Tire Manufacturing Saw Recovery in 2017, with Nearly $2 Billion in Projects Slated

SUGAR LAND--February 15, 2018--Researched by Industrial Info Resources (Sugar Land, Texas)--U.S. tire production could be on an upswing, after the 2008 recession and low-cost imports depressed capacity for years. Domestic production capacity stood at 352.7 million tires in 2008, according to Modern Tire Dealer, then dropped to 306.3 million in 2013, after four manufacturing plants closed between 2008 and 2011. Since then, the recovery of U.S. auto industry and the increased domestic presence of foreign-based companies boosted production capacity to 324.5 million tires in 2017. Within this article: Details on where the domestic tire-manufacturing industry could be headed, with projects from some of its largest companies. Companies featured: General Motors (NYSE:GM), Fiat Chrysler Automobiles (NYSE:FCAU), Ford Motor Company (NYSE:F), Sumitomo, Toyo Tire & Rubber Company, Michelin, Giti Tire and Triangle Tyre.