DEBICA, Poland (March 16, 2012)—TC Debica S.A. has reduced output of truck and agricultural tires because of reduced demand from its major shareholder, Goodyear-Dunlop.
Debica told investors March production of truck tires will fall by about 10 percent and agricultural tire output 4.5 percent compared with the schedule prepared earlier in the year.
The decision was made following reduced orders from Goodyear. Debica said Goodyear cited weakness of European demand as the reason for its lower volume requirements.
The March reductions will reduce annual output of truck tires by 1 percent and farm tires by 0.5 percent, Debica said.