Tag: China

CITExpo 2017 Review

CITExpo 2017 Review

Wednesday 11th October 2017 | 0 Comments

The 15th edition of the China International Tire Expo (CITExpo), and its second at the Shanghai World Expo Exhibition & Convention Center, opened its two-hall, 40,000sqm exhibition space at a time of uncertainty for the Chinese tyre industry – especially the aspirational medium and small sized companies the show tends to attract as exhibitors. Two factors that promise to change the shape of the industry provided a backdrop for the show: in Europe, the European Commission announced its intention to initiate an anti-dumping proceeding focusing on imports of truck and bus tyres originating in the People’s Republic, prompted by the “coalition against unfair tyres imports,” a group representing the interests of manufacturers accounting for more than 45 per cent of all new and retreaded truck and bus tyre production in the European Union. Meanwhile in China, the government’s crackdown on certain factories for environmental reasons looks likely to affect some tyre manufacturers’ pricing structure at best, and ability to continue to operate at worst. Tyres & Accessories spoke to one representative who suggested that some factories could struggle to meet demands as the availability of raw materials for tyre production is affected by the state mandated closures.

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Linglong’s dandelion and polyurethane tyres on-show at Tire+

Linglong’s dandelion and polyurethane tyres on-show at Tire+

Tuesday 10th October 2017 | 0 Comments

Continuing the theme of technological development, Linglong Tire – a top five Chinese tyre enterprise – exhibited a number of technological developments including its: a dandelion natural rubber-based tyre, a tyre featuring a graphene compound and a polyurethane tyre manufactured with 3D printing techniques.

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Kumho takeover implosion isn’t the end of market consolidation attempts

Monday 9th October 2017 | 0 Comments

No I am not talking about the unqualifiable rumours that Doublestar made an offer of up to 250 million euros for Zenises. Rather, that in the first week of September we learnt that Doublestar’s proposed acquisition of Kumho was collapsing before the firm’s eyes after the Qingdao-Chinese tyre manufacturer asked for a double-digit discount. And it is also worth considering what all this means for the wider tyre manufacturing sector.

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Yokohama supplying Macau Grand Prix again

Yokohama supplying Macau Grand Prix again

Thursday 5th October 2017 | 0 Comments

The Yokohama Rubber Co., Ltd. is once again supplying specialist racing tyres to the Macau Grand Prix. The 64th Macau Grand Prix to be held in Macau (China) 16-19 November 2017. Yokohama Rubber supplied tyres for this event for 33 straight years until 2015. This year marks the 34th time the Company will support the Macau Grand Prix. Yokohama tyres will be the control tyre for the event’s main race, the FIA F3 World Cup, and for the FIA World Touring Car Championship (WTCC) race. In addition, they will be the tyre of choice for many cars competing in the event’s support races.

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Aeolus continues to rise in Chinese tyre market

Aeolus continues to rise in Chinese tyre market

Wednesday 4th October 2017 | 0 Comments

With one industry insider calling ChemChina’s acquisition of Pirelli “a genius move”, it would have been remiss of us not to take the opportunity to spend time with new Aeolus general manager Giovanni Pomati and find out more about how the changes affect the best-known ChemChina brand (Aeolus) and the company’s views on the latest changes in the Chinese marketplace during Tyres & Accessories recent visit to China.

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Kenda buys Starco

Kenda buys Starco

Monday 2nd October 2017 | 0 Comments

Taiwan-based tyre manufacturer Kenda has purchased Starco Europe. Announced on 2 October, the move is described by Kenda as “a good cultural, organizational and strategic fit” for which both companies see “significant long-term opportunities”. Kenda has been a Starco supplier since 1982. Over the last 12 months a series of meetings determined a clear willingness from both Kenda and Starco to take the partnership to another level. Starco does not plan any organizational changes or redundancies related to the acquisition.

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Apollo Tyres ‘has no intention’ of entering Kumho acquisition race

Monday 2nd October 2017 | 0 Comments

Apollo Tyres has denied reports published in India’s Economic Times suggesting that it is about to enter the race to acquire Kumho Tire. An Apollo spokesperson told Tyres & Accessories: “Apollo Tyres strongly denies the story headlined 'Apollo Back in Kumho Race as Geopolitics Sours China Deal’ that appeared in the print edition of The Economic Times on 2 October, 2017.

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Triangle increase prices in America

Tuesday 26th September 2017 | 0 Comments

Triangle Tire’s US branch has announced plans to raise tyre prices up to 6 per cent “in-line adjustments on all its products sold in the US beginning 1 October 2017”.

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India introduces Chinese anti-dumping tariffs

Monday 25th September 2017 | 0 Comments

India’s Ministry of Finance has imposed an anti-dumping duty on truck and bus radial (TBR) tyres imported from China. The duty ranges from $245.35 - $452.33 per ton, according to a notification from the Central Board Excise and Customs (CBEC), and has been applied to “new pneumatic radial tyres with or without tubes and/or flap of rubber (including tubeless tyres) having nominal rim diameter code above 16 (inch)”.

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Inaugural Tire+ opens in Shanghai

Inaugural Tire+ opens in Shanghai

Wednesday 20th September 2017 | 0 Comments

The inaugural Tire+ exhibition made its debut in Shanghai today. Beginning with an opening parade of the CEOs of the top 12 Chinese tyre manufacturers, which was covered by national broadcaster CCTV, organisers CURC have taken steps to reflect the Chinese tyre industry’s increasing focus on quality. It also means large and professional stands from many of the biggest firms in the business including: ZC Rubber, Linglong, Sailun Jinyu, Doublestar, Triangle, Double Coin, Aeolus, Prinx Chengshan and Guizhou/Advance Tyre – to name just a few. This is all supplemented by an impressive number of forum discussions and four halls of tyre and rubber manufacturing stands in the RubberTech exhibition next door.

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CITExpo celebrates 15th anniversary with record-breaking attendance in Shanghai

Wednesday 13th September 2017 | 0 Comments

The 15th China International Tire Expo (CITExpo) reports that 14,000 professional visitors came from 120 countries in search of business opportunities in China. There were some 6800 overseas visitors as well as 7200 domestic visitors and 40,000 square metres exhibition space.

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Reports: Doublestar/Kumho acquisition close to collapse

Wednesday 6th September 2017 | 0 Comments

Doublestar’s proposed acquisition of Kumho is reportedly close to collapse after the Qingdao-Chinese tyre manufacturer asked for a double-digit discount. According to reports in the Nikkei, Kumho's major shareholders are planning to write to Doublestar asking the firm to agree to the end of bid talks between the two parties.

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China starts anti-dumping probe into EU rubber imports

Tuesday 5th September 2017 | 0 Comments

At the end of August China’s Ministry of Commerce began a year-long anti-dumping investigations into imported hydrogenated butyl rubber from the European Union, the United Sates and Singapore.

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Smithers runs Chinese tyre industry training

Tuesday 5th September 2017 | 0 Comments

Rubber, plastics and composites testing specialist Smithers Rapra recently ran training at the Tire Technology Training Course, which was organized by The Rubber Institute of Chemical Industry and Engineering Society of China along with the Beijing University of Chemical Technology.

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How do you get anything done in China?

How do you get anything done in China?

Monday 4th September 2017 | 0 Comments

“I just don’t get China!”, “As a foreigner, how do you get anything done in that country?”, “How can you trust the Chinese?” Having worked with China for nearly two decades now, I get many of these questions from friends and colleagues. They realise the need to do business with China and are having some trouble navigating the choppy waters. So here are some of my thoughts - in the hope I don’t offend any of my Chinese friends!

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