TAIPEI, Taiwan (Jan. 25, 2011)—Nankang Rubber Tire Corp.'s sales last year jumped 28.7 percent to $431.6 million, in part because of higher selling prices enacted to offset rising raw materials prices.
Nankang, Taiwan's No. 2 tire maker behind Cheng Shin Rubber/Maxxis International, did not comment on its earnings performance for the year but did say the fiscal year was “plagued by rising raw material prices and the appreciation of the Taiwan dollar exchange rate.”
Nankang operates one tire plant in Taiwan and one in China. It's represented in North America by Tireco Inc. of Gardena, Calif.
The company recently expanded its product portfolio, adding radial motorcycle tires to the mix.