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You are here: Home1 / News2 / Company News3 / Nankang and Federal’s cumulative operating revenue declined

Nankang and Federal’s cumulative operating revenue declined

Date: 8th August 2022 Author: Xuda Wang Comments: 0
In October 2021, Nankang obtained Federal’s management rights. Nankang executives therefore control both Taiwan-based tyre manufacturers (Photo: WikiTravel)

In the first week of August, Taiwanese tyre manufacturers Nankang and Federal successively released operating data for July 2022.

Nankang’s operating revenue in July was NT$660 million (about £18.22 million; 21.58 million euros), down 10.8 per cent from NT$740 million (about £20.42 million; 24.2 million euros) in the same period last year. From January to July, the tyre maker’s operating revenue was about NT$4.72 billion (about £130 million; 115 million euros), down 3.08 per cent year-on-year.

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Related news:

  1. Nankang Tyre took over “management rights” of Federal in Q4 2021
  2. Taiwan-based tyre manufacturers raising prices
  3. Nankang employee arrested for alleged kickbacks
  4. Groundbreaking held for Federal Tyres’ newest factory
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