Tag: China

Landsail claims to being driving innovation in UHP sector

Landsail claims to being driving innovation in UHP sector

Tuesday 16th May 2017 | 0 Comments

Landsail claims to be leading its particular market segment in ultra high performance tyres with its LS588 pattern. Designed and manufactured in an Industry 4.0 production facility, smart manufacturing means Landsail can deliver quality and performance at a price that’s never been possible before.

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ZC Rubber to build R&D centre for green tyre material with Ningbo Institute

ZC Rubber to build R&D centre for green tyre material with Ningbo Institute

Friday 12th May 2017 | 0 Comments

ZC Rubber and Ningbo Institute of Materials Technology & Engineering, Chinese Academy of Sciences have announced their new Research & Development centre for rubber and novel environmental-friendly green materials. According to China’s largest tyre manufacturer, the centre will focus on the development on the rubber and materials for smart production, new energy and green material.

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Re-globalisation of the international tyre market?

Re-globalisation of the international tyre market?

Thursday 4th May 2017 | 0 Comments

In the last few weeks, Apollo has initiated production at its new Hungary tyre factory and launched a brand new European truck tyre range (see Company News section pages 32 – 24); Doublestar has confirmed that it is the only remaining bidder in the race for 42 per cent of Kumho Tire (see pages 36 - 37); and as we went to press, Finnish tyre maker Nokian announced that it will build its third production plant, this time in the USA. All this points to what we might call a re-globalisation trend. Rather than businesses from the large so-called developed nations expanding around the globe, this second wave of international expansion sees the roles reversing to some extent. While before the Western nations were looking to invest in fast-growing “emerging” economies, now the proverbial shoe is on the other foot and large companies in what used to be called the BRIC nations are investing in more developed tyre markets.

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Doublestar the only bidder left to buy Kumho

Doublestar the only bidder left to buy Kumho

Friday 28th April 2017 | 0 Comments

Speaking off the record, Chinese executives within Qingdao Doublestar have confirmed the company’s intentions to purchase well-known South Korean tyre manufacturer Kumho Tyre and that it is “now only Doublestar left to buy Kumho”. However, at roughly the same time, Korean newspapers have been reporting that Doublestar probably won’t have the right to use the Kumho brand name post-acquisition. With all this in mind, Tyres & Accessories summaries the story so far.

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Sailun Jinyu anticipates RMB 50 million loss in Q1 2017

Thursday 27th April 2017 | 0 Comments

The bottom line at China’s Sailun Jinyu Group Co Ltd took a hit in the first quarter of 2017. According to preliminary statistics provided by its financial department, the tyre maker anticipates a net loss attributable to shareholders in the vicinity of RMB 50 million (-£5.65 million). In the same three-month period a year earlier, the company reported a net profit of RMB 95.16 million (£10.76 million).

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Global ambitions: Wanli Tire launches ‘F Plan’

Global ambitions: Wanli Tire launches ‘F Plan’

Wednesday 26th April 2017 | 0 Comments

China’s Wanli Tire aims to compete on even terms with the established tyre majors, and the tyre maker has its eye on a spot in the global ‘top ten’. The company’s path to international success will be guided by a new strategy that Wanli Tire general manager, Li Xiaoyun, outlined at Auto Shanghai.

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Chinese market launch for Atlas tyre brand

Chinese market launch for Atlas tyre brand

Wednesday 26th April 2017 | 0 Comments

An announcement made by Shandong Linglong Tire at the Auto Shanghai show marks the introduction of a long-established US tyre brand into the Chinese market. At a press conference held on 22 April, company chairman and president Wang Feng welcomed the Atlas brand to China. The launch portfolio consists of seven passenger car and SUV product lines.

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Shandong Linglong Tire: Net income up 49% in 2016

Wednesday 26th April 2017 | 0 Comments

Shandong Linglong Tire Co Ltd has reported increased sales and profits for 2016. In its 2016 Annual Report, the Chinese tyre maker declares net sales of RMB 10.5 billion last year (£1.2 billion), a 20.4 per cent increase from 2015 and a record high. Operating income rose 32.3 per cent to RMB 1.1 billion (£124.7 million) and net income was up 49.0 per cent to RMB 1.0 billion (£113.4 million).

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Triangle Tire net profit down 2.6% in Q1 2017

Monday 24th April 2017 | 0 Comments

Despite a 36.3 per cent increase in operating income to RMB 2.2 billion (£249.4 million) in the first quarter of 2017, Triangle Tire reports that its year-on-year net profit declined 2.6 per cent in the first three months of the year to RMB 156.9 million (£17.8 million).

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Continental to continue investing in China

Continental to continue investing in China

Friday 21st April 2017 | 0 Comments

During the Continental AG press conference at the Auto Shanghai show in China, chief executive officer Dr Elmar Degenhart confirmed that the company intends to continue investing in China “at a comparable level” to recent years. Continental has invested €1.3 billion in the country over the past half a decade. Degenhart also commented that Continental anticipates its sales will grow at a faster rate than the market in China, particularly in the field of mobility services.

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Continental enters mobility services JV in China

Thursday 20th April 2017 | 0 Comments

In order to increase its activities in the new mobility services market, Continental has signed a strategic joint venture contract with China Unicom Smart Connection (CUSC), an end-to-end service and operations provider for the connected car market and fully owned subsidiary of mobile network operator China Unicom. The contract was signed on 19 April and creates a joint venture that, in Continental’s words, “aims to establish and operate as a world class ITS solution provider to satisfy the increasing market demands in China.”

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Titan thanks US government for ‘diligence’ in reviewing tyre subsidies

Wednesday 19th April 2017 | 0 Comments

Titan International has commented on the final results of the US Department of Commerce’s (DOC) review of imported OTR tyres from China in 2014 and 2015, which show the Chinese government increased the level of subsidies it gave tyre makers, enabling their products to continue selling in the US market at what the tyre maker calls a less than fair value.

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Tang replacing Cramer at Continental’s helm in China

Tang replacing Cramer at Continental’s helm in China

Wednesday 19th April 2017 | 0 Comments

A change of leadership will occur within Continental’s business in China in June. On the first of the month, Enno Tang will become president of the Continental organisation for China. The current head of the Chassis & Safety division, China, and the Vehicle Dynamics business unit, China replaces Dr Ralf Cramer, who will conclude his contract as planned by mid-August 2017 and pursue new career opportunities outside of Continental. In his new role, Tang will report to the chairman of Continental AG’s Executive Board, Dr Elmar Degenhart.

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Aeolus becomes Prometeon Tyre Group

Thursday 13th April 2017 | 0 Comments

On 13 April TP Industrial Holding – a company controlled by CNRC (the tyre division of ChemChina) – confirmed that agreements have been signed with CNRC, Aeolus and High Grade (HK) Investment Management Limited for the full integration of its controlled Industrial activities with the other assets of the sector belonging to CNRC, including Aeolus and Guilin Beili. The formal finalization of this integration is expected by the end of the year, subject to the approval by the relevant authorities, with the contribution into Aeolus of the 52 per cent stake held in Prometeon Tyre Group (formerly Pirelli Industrial).

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SD International building ‘tariff’ portfolio, well-placed to supply customers

SD International building ‘tariff’ portfolio, well-placed to supply customers

Thursday 13th April 2017 | 0 Comments

Contract tyre manufacturing specialist SD International was present at Tyrexpo Asia with the Zeta range it first introduced in August 2016. Covering some 70 PCR, UHP and SUV sizes – with the portfolio growing to over 100 sizes in the second half of this year – these Zeta products are aimed at the USA and the ASEAN region.

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