David Peters tells Bordeaux audience why 2015 was a vintage year
05/04/2016
Addressing an audience of tanners, automotive original equipment manufacturers (OEMs) and tier-one and tier-two suppliers, Mr Peters said 2015 was “an excellent” year for automotive leather. He pointed out that OEMs added capacity and that automotive companies grew sales of finished vehicles in the US and in many other countries.
The spin-off benefits for automotive leather producers were impressive, David Peters said, adding: “Every automotive tanner around the world achieved record profits in 2015.” He said the volume of hides going into automotive increased by 10% in 2015 compared to the previous year, reaching 156,000 hides per working day, or 45 million hides for the year.
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