MTI reported that a group of tiremakers has formed a trade association in Hungary.
Bridgestone, Continental, Goodyear, Hankook, Michelin, Pirelli and Vredestein are said to have created the Hungarian Tire Association, and named Peter Morenth as its chief.
Tiremakers in Hungary generated revenue of more than HUF 230 billion last year, and employ more than 25,000 people directly and indirectly.