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Re: mystiq post# 307

Tuesday, 05/17/2011 5:06:30 PM

Tuesday, May 17, 2011 5:06:30 PM

Post# of 1072
CSHEF - the business of HZ Rubber Co. should be doing very well. According to a recent report the company is now the world's 11th largest tyre company with annual sales of $2.36 billion, gaining market share from the big three (Bridgestone, Michelin and Goodyear) whose sales all dropped by 10% while HZ's sales increased by 11%.

The company, and with that CSHEF's share, should be worth considerably more today than back in 2009.

"The ranking from the 11th to 20th changes greatly. The sales revenue of Hangzhou Zhongce Rubber Company Limited in China, which ranked the 11th signifying the best performance among companies in Mainland China, increases by 11% YOY, reaching USD 2.36 billion."
http://news.wooeb.com/735120/research-report-on-worlds-top-50-tire-enterprises-2010-2011-new-market-research-report
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