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Nov 1, 2008

Nigeria's only tire manufacturers were forced to reduce production

It is reported that Nigeria's only surviving manufacturer --- Dunlop Tire Company of Nigeria said that as the face of poor business environment, companies will have to reduce their production denis the size of the tire. Dunlop's view that in the beginning of 2007 will be a truck / bus tire import tariff from 40% to 10% of the policy to tire importers to provide a great advantage, and car tires (50% import duty) and truck / bus tires ( 10% import tariff) import tariffs of different importers also provided an opportunity to abuse policy. The company also pointed out that Nepal's backward infrastructure, particularly severe situation in the supply of electricity and natural gas also raise production costs by 40%. All these make tires imported tires than the GDP share more advantages, the company had to reduce tire production, attention to the rubber plantations.

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