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About Xuda Wang

An inclusive idealist. I am a Masters graduate from the University of Westminster. I’ve read over 1000 books, traveled to every province in China as a backpacker, and volunteered with several NGOs in Southeast Asia. I have many years of working experience as a journalist in the auto industry.

Entries by Xuda Wang

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Nankang and Federal’s cumulative operating revenue declined

In the first week of August, Taiwanese tyre manufacturers Nankang and Federal successively released operating data for July 2022.

Nankang’s operating revenue in July was NT$660 million (about £18.22 million; 21.58 million euros), down 10.8 per cent from NT$740 million (about £20.42 million; 24.2 million euros) in the same period last year. From January to July, the tyre maker’s operating revenue was about NT$4.72 billion (about £130 million; 115 million euros), down 3.08 per cent year-on-year.

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  1. Nankang Tyre took over “management rights” of Federal in Q4 2021
  2. Taiwan-based tyre manufacturers raising prices
  3. Nankang employee arrested for alleged kickbacks
  4. Groundbreaking held for Federal Tyres’ newest factory
8th August 2022 /0 Comments/by

ZC Rubber plans to add 2.5 million tyres production capacity

ZC Rubber’s subsidiary in Xindeng Town, Fuyang District, Hangzhou City, is planning to add 2.5 million all-steel radial tyres to its production capacity. ZC Rubber stated that the company plans to build a new production workshop and auxiliary facilities shared by the Xindeng Town plant in the reserved space inside the factory. The total construction investment is expected to be 700 million yuan (about £85.14 million, 102 million euros).

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  1. ZC Rubber’s Anji factory starts making tyres
  2. Hangzhou Zhongce confirms Thai factory reports
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  4. Rebuilding Sailun: Multi-billion dollar plans for new tyre and materials factories analysed
4th August 2022 /0 Comments/by

Shandong, China tyre production picks up

First half 2022 data released by several Shandong Province institutions shows that manufacturing output within China’s best-known province for tyre production is picking up.

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  1. The Chinese tyre industry wants to move from biggest to best
  2. Digital transformation in the tyre sector
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4th August 2022 /0 Comments/by

Aeolus relocates former Double Happiness tyre factory

Progress has been made in the relocation of Aeolus’s Qingxu County, Taiyuan City, China tyre factory. Specifically, the Qingxu county government has already determined the factory’s new address. A few days ago, the relevant departments invited a design team to inspect the factory’s new location and discuss the relocation project’s design plan. At present, the design unit is preparing a feasibility proposal.

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  1. Hangzhou Zhongce confirms Thai factory reports
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  4. Aeolus continues to rise in Chinese tyre market
4th August 2022 /0 Comments/by

Guizhou Tyre expands industrial tyres’ production

Guizhou Tyre (also known as Advance Tyre) is preparing to launch an industrial tyre manufacturing expansion project with an annual output of 300,000 a year. The total investment in this project is about 24 million yuan (£2.926 million; 3.486 million euros; US$3.588 million). The expansion project does not involve the acquisition of new land.

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  1. Alliance Tire Buys GPX Assets
  2. Bosal opens emission systems plant in Chongqing, China
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29th July 2022 /0 Comments/by

Bridgestone pulls out of several China projects

Several Bridgestone-related companies in China have changed their industrial and commercial registration information recently. Indeed, the changes suggest Bridgestone has pulled out of several non-tyre projects in the People’s Republic

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  1. Retention of Chinese tyre tariffs a “good outcome”, says US union
  2. Bridgestone wins patent infringement lawsuit against Wanli
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29th July 2022 /0 Comments/by

Sailun Dongjiakou factory construction underway

On 20 July 2022, the launch ceremony of the Advanced Polymer and Metal Materials Industrial Park in Qingdao City, Shandong Province was held. Tyrepress noted that among the seven projects that started construction, the Functional New Material Industrial Park belonging to the National Engineering Research Center for Rubber and Tire (NECRAT) was included.

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  1. Kumho Vietnamese Plant – Latest
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26th July 2022 by

Worker dies at Hankook’s Jiangsu, China tyre factory

At 22:20 on April 7, a mechanical injury occurred within the Banbury workshop on the west side of Hankook’s Jiangsu, China plant, causing the death of the operator of a Banbury machine. Recently, the government department where the factory is located released an investigation report on the incident.

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  1. The Market is Ripe for Korean Tyre Makers
  2. Hankook scales back production, sets record inventory glut
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  4. Hankook invests in its Chinese Sealguard self-sealing tyre capacity, expanding US car tyre plant
25th July 2022 by
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Aeolus and Doublestar both report sharp declines in net profit

Aeolus and Doublestar recently reported operating results for the first half of 2022. Both show sharp declines in net profits for the two companies that have controlling interests in global tyremakers Prometeon and Kumho respectively.

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  1. Serbia open for business
  2. The top 10 listed Chinese tyre companies 2022
  3. Profits fall at large Chinese tyremakers
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19th July 2022 by

Huasheng Rubber and Haoyu Rubber fined

Two Chinese tyre manufacturers, Shandong Huasheng Rubber Co., Ltd. and Shandong Haoyu Rubber Co., Ltd., suffered administrative penalties in June due to production safety issues. Both companies are located in Guangrao County, Dongying City, Shandong Province.

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  1. Hankook’s Explosive Growth
  2. Triangle’s 2013 global summit exemplifies Chinese globalisation ambitions
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19th July 2022 by

Sentury working to speed up Spanish factory construction

Sentury is in the process of declaring its Spanish factory plans as a strategic industrial project with the government of Garcia, Spain. The tyre maker hopes that its plant in the As Pontes region of Garcia will be able to use this method to obtain fast-track approvals to speed up the entire project’s construction.

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  1. Hangzhou Zhongce confirms Thai factory reports
  2. Ronal Group opens new wheel factory in Spain
  3. Sentury Tire joins the Shenzen Stock Exchange
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13th July 2022 by

Shandong provincial government ‘eliminating’ outdated tyre production capacity

The recent publication of Shandong provincial government’s 2022 six department work plan states that the authorities are promoting the elimination of outdated production capacity. Within that, it is worth noting that the tyre industry is described as a regulatory priority. Specifically, if a tyre manufacturer’s annual output cannot reach 1.2 million all-steel radial tyres (excluding engineering tyres, aviation tyres and wide-section tubeless tyres) or 5 million semi-steel radial tyres (excluding run-flat tyres, high-end racing tyres, and ultra-low profile tyres), it is highly likely to be forced to integrate or exit.

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  1. European ‘Anti-Dumping’ Investigation Could Mean 30% Duty on Chinese Alloys
  2. Anti-Dumping Pressure Mounts on Chinese Tyre Makers
  3. Nexen Aiming to Produce 20 million Tyres in Qingdao by 2017
  4. Nexen aiming for US$2.5 billion sales by 2015
12th July 2022 by
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Goodyear appoints new President of China

On 1 July 2022, Goodyear announced that Justin Foley succeeded Jonathan Zhang as president of China, reporting to Nathaniel Madarang, president of Goodyear Asia Pacific.

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  1. Ex-Triangle and Goodyear Tire executive Cohade joins Johnson Controls
  2. Goodyear appoints chief marketing, digital officers for North America consumer business
  3. Goodyear names Hakan Bayman as president of European Consumer Business
  4. Richard Fourie appointed MD of Goodyear South Africa
6th July 2022 by

Guizhou Tyre Vietnam plant officially put into operation

Guizhou Tyre Vietnam plant’s first-phase project has officially begun operation with an annual output of 1.2 million all-steel radial tyres. This equates to between 2500 and 2800 units and the products are mainly sold to the United States, Europe and other regions that have implemented anti-dumping and anti-subsidy investigations on Chinese tyres or imposed special tariffs. The tyre maker said that the first-phase project’s production and sales are still in the ramp-up stage.

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  1. Guizhou Tire begins $350 million construction project on two China factories
  2. Guizhou/Advance Tyre release further Vietnam factory plans
  3. DOC reduces Guizhou Tyre duty rate
  4. Vietnam-based tyremakers could be “cleared” by US anti-dumping investigation
5th July 2022 by

Rebuilding Sailun: Multi-billion dollar plans for new tyre and materials factories analysed

The recent news that Sailun Tyre plans to invest 17.48 billion yuan in setting up two factories in Dongjiakou, Qingdao, has received widespread coverage in Chinese media. The investment in the tyre factory is 15.18 billion yuan, involving 20 million sets of semi-steel radial tyres, 10 million sets of all-steel radial tyres, and 150,000 tons of OTR tyres. The investment in the 500,000-ton new material factory is 2.302 billion yuan. Sailun’s various production bases will mainly use the material factory’s products. According to Sailun’s calculations, the Dongjiakou tyre factory will achieve 21.9 billion yuan revenue and 2.96 billion yuan profit yearly. The annual turnover of the material factory is 12.035 billion yuan, and the average annual net profit is 923 million yuan.

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  1. Sentury internationalising with US tyre factory investment
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5th July 2022 by