Tire makers Michelin (MGDDY.PK) and Bridgestone (BRDCF.PK) look set to benefit from an increase...

|About: Michelin Cie Des Estb ADR (MGDDY)|By:, SA News Editor

Tire makers Michelin (MGDDY.PK) and Bridgestone (BRDCF.PK) look set to benefit from an increase in demand for tires that's lining right as the firms' raw costs for rubber starts to wane. A 7% increase in global output tied to higher-producing plantations from Indonesia to Ivory Coast has pushed rubber futures down 12% this year already. Other tire names to watch: CTB, GT