ETRMA COVID-19 Sectoral Impact Analysis Update
Health concerns, near to the ground demand and government measures of social distancing have led the European tyre and rubber-automotive supplier industry to take decisive action.
Between March 6 and end-April, almost all tyre and other automotive suppliers in the rubber industry have announced the temporary closure of their European manufacturing facilities.
The impact goes beyond the manufacturing operation, R&D facilities, testing, homologation and other operational areas and retail networks, which are key to the industry’s future, are affected.
Tyre manufacturers have all stopped their on-going capital spending projects.