New Michelin Boss Sees Nr Production Growth

Newly minted Groupe Michelin managing partner Jean-Dominique Senard expects global natural rubber production to increase by 40% over the next decade.
That should be enough, he said, to avoid further shortages and associated price surges.
Senard made the observation during the company’s annual shareholder meeting, held May 16 in Clermont-Ferrand, France. During the meeting, Senard was confirmed as the new managing partner, replacing Michel Rollier, who plans to remain on board for another 18 months.
Senard will become the first non-Michelin family member to head the company.
“In normal circumstances, (the predicted NR production growth) should be enough to avoid market imbalances,” said Senard. “Oil prices have risen faster than we anticipated,” but, “we don't see any risk that price increases won't cover the additional costs.”
(Modern Tire Dealer, May 17, 2011)