Tyre and automotive systems manufacturer Continental has donated €100,000 to German non-governmental aid agency Welthungerhilfe in order to support Syrian refugees now living in camps in the Middle East and Turkey. Continental shares that this donation complements activities its employees have carried out at several Continental locations.
The instability in both Ukraine and Syria has had a real impact on the outlook for trailer demand, indeed the East European trailer market is said to be flatlining in 2014. According to a new report produced by Clear International, nearly 7,000 trailers have been wiped from the forecast for the 2014/15 period. That is in addition to the reductions made to the last forecast in March this year following the annexation of Crimea. The forecast reductions affect Russia, Ukraine, Estonia and Latvia, plus Turkey which borders Syria.