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You are here: Home1 / Xuda Wang

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

Company News, International News

Up to 49” – Sailun upgrading OTR tyre production

On 18 January, Sailun Group announced an 833-million-yuan (£99.63 million) investment to upgrade OTR tyre production at its plant in Qingdao, China. The upgrade will allow Sailun to produce OTR tyres in sizes up to and including 49-inch. The tyre maker intends to complete this upgrade and adjust its production portfolio within a period of ten months.

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Related news:

  1. Sailun Group extends capacity expansion project
  2. Sailun investing big in PCR tyre capacity to reach premium OEMs in China
  3. Sailun raising truck tyre capacity by 3 million units
  4. Sailun upgrading car & truck tyre production at acquired factory
24th January 2023 /0 Comments/by Xuda Wang
Company News, International News

Sentury self-financing Spanish tyre factory shortfall

On 17 January, Sentury said it will adjust its financing plan through the stock market and specifically non-public offering of shares. After the adjustment, the tyre manufacturer will obtain no more than 2.8 billion yuan (about £330 million; 380 million euros), which is far lower than the 4 billion yuan (about £480 million; 540 million euros) proposed in the previous plan.

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Related news:

  1. Chinese aviation fund invests in, partners with Sentury Tire
  2. Sentury internationalising with US tyre factory investment
  3. Georgia selected as location for $500 million Sentury Tire US factory
  4. Sailun bond issuance application approved
24th January 2023 /0 Comments/by Xuda Wang
Career Tracks, International News

Agustin Pedroni appointed Bridgestone China general manager

As of January 2023, Agustin Pedroni has become general manager of Bridgestone (China) Investment Co. Ltd. Pedroni joined Bridgestone in Argentina in 1996 and worked in administration, sales and marketing roles in Argentina, Latin America and South America. Pedroni came to Bridgestone Asia Pacific in 2019 is the vice president of marketing and sales and was later promoted to the chief operating officer of the Asia Pacific region.

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Related news:

  1. Doublestar names Antonio Smith as general director for Spain and Portugal
  2. Mesnac appoints Guan Bingzheng as chairman and CEO
  3. Former chairman of Sinochem Holdings Ning Gaoning retires
  4. ZC Rubber names new sales director for agricultural tyres in Europe
13th January 2023 /1 Comment/by Xuda Wang
International News

Guizhou Tyre terminates ‘all-steel tyre project’

On 11 January 2023, Guizhou Tyre (also known as Advance Tyre) stated that it has terminated one of its recent tyre manufacturing projects before it got to the construction stage. Guizhou Tyre said its “3 million sets of high-performance all-steel radial tyres” a year construction project was closed down effective 31 December 2022.

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Related news:

  1. Guizhou Tire begins $350 million construction project on two China factories
  2. Guizhou (Advance) Tyre plans to expand EU sales
  3. For Yinbao Tyre, imitation is the highest form of flattery
  4. Pyramids Tires: $350 million Egyptian factory begins manufacturing
13th January 2023 by Xuda Wang
International News

China’s tyre industry under the wave of infections

With the relaxation of epidemic prevention and control policies, China has experienced a large-scale infection wave since early December. Many tyre factories have experienced or are experiencing worker shortages. The Lunar New Year in China is likely to see hundreds of millions of people to move around the country, leading to a more rapid spread of Covid-19. It is difficult to predict when China will shake off the epidemic’s impact; for the Chinese tyre industry, the current wave of infections is both a challenge and an opportunity.

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Related news:

  1. Shandong tyre companies implement closed-loop management
  2. ZC Rubber resumes full tyre production
  3. Tyre importers should plan for lack of space on ships and freight increases
  4. ZC Rubber’s “remarkable” 2020, new products & digital strategy
11th January 2023 by Xuda Wang
Company News, International News

ZC Rubber offers IPO update, Thailand factory supports profit in 1H 2022

Hangzhou Zhongce Rubber Co. Ltd (ZC Rubber) recently issued an update on the progress of its initial public offering (IPO). According to the data, Zhongce Haichao (a company established by four local Hangzhou enterprises in 2019 in order to invest in ZC Rubber, namely Hangzhou Great Star Industrial Co., Ltd., Hangcha Group Co., Ltd., Juxing United Holding Group Co., Ltd., and Hangzhou Haichao Enterprise Management Partnership (Limited Partnership) holds 41.08 per cent of the tyre manufacturer’s shares and is the company’s controlling shareholder. Qiu Jianping and his daughter Qiu Fei hold 46.95 per cent of the shares and corresponding voting rights of ZC Rubber through Zhongce Haichao and several other companies and therefore control ZC Rubber.

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Related news:

  1. ZC Rubber’s Thailand factory in production
  2. Jiangsu General investing US$300 million in Thailand tyre plant
  3. Prinx Chengshan the only HKEX-listed tyremaker at Tire+
  4. ZC Rubber preparing for IPO
11th January 2023 by Xuda Wang
Career Tracks, Company News, Editorial/Comment, International News

Liu Yanhua named chairwoman of Sailun

On 30 December 2022, Sailun held a general meeting of shareholders to elect members of the sixth board of directors. Liu Yanhua was elected chairwoman of the tyre manufacturer, and Xie Xiaohong became president of Sailun. Liu Yanhua’s resume shows that she worked in two accounting firms before coming to Sailun. Prior to being elected as the chair, Liu Yanhua was the vice chairwoman, executive vice president and chief financial officer of Sailun.

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Related news:

  1. Richard Lyons resigns from Giti
  2. Nikolai Setzer takes over as Continental CEO
  3. Tony Lee joins Kumho as senior vice-president of global marketing
  4. Yokohama appoints ex-Prometeon COO as European president
9th January 2023 by Xuda Wang
International News

Goodyear investing US$200 million in Cooper Kun Shan tyre factory

Goodyear is investing US$200 million (about 1.37 billion yuan, £170 million, 190 million euros) in its Cooper Kun Shan tyre factory. Following the latest investment, the total investment of the Cooper Kun Shan plant is expected to reach $500 million (about 3.42 billion yuan, £410 million, 470 million euros).

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Related news:

  1. Goodyear investing 16.5 million euros in Montluçon motorcycle tyre production, ends light-truck tyre making
  2. US Motorists Driving Less
  3. Decennial shift in global PCLT tyre volume market share
  4. Cooper Tire gives Chengshan option to buy, values CCT at US$435 million
9th January 2023 by Xuda Wang
International News

Cheng Shin launching 40 million tyre capacity expansion in China

Luo Yongli, deputy general manager of the company, recently told a briefing that he is optimistic about the operation of Cheng Shin in 2023. In the past, Cheng Shin has reportedly significantly reduced capital expenditures to combat adversity in the operating environment. But with the overall situation expected to improve, the tyre maker will start expanding production capacity, including launching a 40 million tyre capacity expansion plan at factories in mainland China.

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Related news:

  1. Maxxis re-appoints Dr Wally Chen as chairman
  2. Thailand woos global tyre manufacturers
  3. Report: Carbon black manufacturing is moving to China and India
  4. Maxxis/Cheng Shin investing $500 million in tyre factory construction and expansion
6th January 2023 by Xuda Wang
International News

Top 10 Chinese tyre industry events in 2022

In 2022, several significant events took place in China’s tyre industry. These things had a profound impact on the tyre industry not only in 2022, but for a long time.

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Related news:

  1. Serbia open for business
  2. Chinese tyre makers off-shoring in Southeast Asia
  3. The top 10 listed Chinese tyre companies 2022
  4. Chinese listed tyre companies release third-quarter results
4th January 2023 by Xuda Wang
International News

China cancels preferential tariffs on import tyre products

On 28 December 2022, the Customs Tariff Commission of China’s State Council issued an announcement stating that from 1 January 2023, import tariffs on some commodities will be adjusted. In 2023, the products that can still enjoy preferential tariffs are retreaded tyres for aircraft. As in the previous year, such products will be subject to a provisional import duty of 4 per cent. Under normal circumstances, Chinese customs should impose a 20 per cent tariff on retreaded tyres for aircraft.

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Related news:

  1. Why are ocean freight rates rising sharply?
  2. Sameer’s Yana Tyres Struggling to Take Off
  3. ETRMA ‘surprised’ by TWG speech
  4. Amiens closure is inevitable, so what’s it mean for the rest?
4th January 2023 by Xuda Wang
International News, Retreading

Linglong moves Anhui factory address

On 30 December Linglong announced that it would adjust the construction of its seventh production base in China. The construction location of the project was changed from Lujiang, Anhui, to Lu’an, Anhui. At the same time, the tyre manufacturer’s Lu’an factory is preparing to build a project with an annual output of 14 million sets of high-performance radial tyres and a project to regenerate via retreading and material recovery 30,000 tons of waste tyres. In the original design, Linglong’s seventh factory in China was intended to have an annual production capacity of 14.6 million sets of radial tyres.

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Related news:

  1. Linglong lays foundation stone for fourth Chinese tyre factory
  2. Linglong moves to 7+5 tyre factory investment model
  3. Linglong investing in new Tongchuan City, China tyre factory
  4. Linglong investing almost $1 billion in new circular economy-focused China tyre factory
4th January 2023 by Xuda Wang
International News

China’s tyre exports down more than 20%

According to export data released by China Customs, China exported 40.72 million “new pneumatic rubber tyres” (a term that includes all pneumatic tyres including bicycles as well as enginen-drive tyre products) in November. The exported tyres weighed 550,000 tons and were worth 9.88 billion yuan (about £1.18 billion; 1.33 billion euros).

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Related news:

  1. Shandong, China tyre production picks up
  2. China’s tyre export growth slowed in August
  3. Lassa reports 60% growth in tyre exports
  4. The Chinese tyre industry’s current struggle for survival
3rd January 2023 by Xuda Wang
Career Tracks, News

Wang Feng appointed chairman of CNRC

At a dealer meeting held by Aeolus on 16 December 2022, Wang Feng delivered a speech as “Chairman of China National Tire & Rubber Co., Ltd. (CNRC) and Chairman of Aeolus”. Wang Feng emphasised that in 2021, the sales revenue of Aeolus, Prometeon Tyre Group S.r.l. (PTG), and Pirelli ranked fifth in the world and first in China. The sales revenue of Aeolus and PTG ranked among the top three in China’s domestic industry.

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Related news:

  1. Aeolus officially controls 100% of Prometeon Tyre Group
  2. Simon Michael appointed Prometeon MD
  3. Ex-Triangle and Goodyear Tire executive Cohade joins Johnson Controls
  4. Former chairman of Sinochem Holdings Ning Gaoning retires
21st December 2022 by Xuda Wang
International News

ZC Rubber IPO application received by CSRC

Recently, China’s largest tyre manufacturer Hangzhou Zhongce Rubber (ZC Rubber) has taken an important step in the stock market listing process: The China Securities Regulatory Commission (CSRC) received the IPO application of ZC Rubber. Next, CSRC will review the materials submitted by ZC Rubber. If it passes the audit, ZC Rubber will become a listed company.

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Related news:

  1. ZC Rubber preparing for IPO
  2. Linglong market value exceeds RMB 50 billion
  3. Triangle IPO on for early September
  4. Triangle IPO underway
21st December 2022 by Xuda Wang
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