Debica to cut output again

ERJ staff report (DS)

Debica, Poland - In the second such announcement this year, Tyre Company Debica has said it will further reduce output of tyres this year.

The company said in a Polish-language stock market announcement that it will reduce the corporate plan by a further 4 percent for car tyres; 1 percent for truck tyres and 9 percent for agricultural tyres.

Debica said, “The decision of the Board was taken as a result of information from Goodyear, a key customer.” Goodyear is also majority shareholder in TC Debica.

The company made a similar announcement at the end of May saying production would be cut by 4 percent for car tyres and 6 percent for truck tyres.

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Stock market announcement from Debica