Still in 2023 two tire giants in November”Goodyear” and “ Michelin ” predicted to close its factories in Germany, which directly caused indignation among local residents. Germany’s domestic rubber industry is reportedly in a dour mood as the wave of production shutdowns at the end of this year is different from previous periods, with the closure of leading plants affecting the entire industry.
Germany is sounding the alarm over production capacity
The German Rubber Industry Association (WDK), which announced the closure of two major German tire factories, Goodyear and Michelin, expressed concern about the future of the rubber and tire industry.
Two industrial giants in Germany have shut down more tire plants, according to current public figures how 3 local jobs.
The representative of “WDK” warned that the German tire industry the future, seems to be getting worse. The agency noted that the corporations will not only close their tire factories, but also close their research and development centers in Germany, which is likely to further weaken the position of the auto industry. They even sought the help of local authorities to prevent German capabilities from draining to other countries. At least for such departments as research and development centers, where the “main technologies”, cannot be redirected to other regions.
Technology has always been an advantage for the tire industry – the departure of research and development units from Germany affects not only tire production, but also those “promising technologies” that can affect the future of the tire industry. In fact, it is precisely because of these advanced technologies that the tires produced by German tire companies are able to compete in the high-end market and generate extremely high profits.
Energy restrictions have created a crisis for the German tire industry
The competitiveness of the German tire industry (at least in the area of tire production) has been reduced by EU sanctions on the supply of some raw materials from Russia. In addition, the high costs caused by the limited supply of energy to Europe also contributed. WDK warns of the “slow death of German industry”.
“WDK” is a German manufacturer of tires and technical elastomer products. The association, which is headquartered in Frankfurt, represents more than 200 companies with around 70 employees and a combined annual turnover of more than 000 billion euros. euros.
