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You are here: Home1 / China

Now one of the largest tyre-producing countries in the world, China has an indisputable influence on the direction of global tyre trade. The home of both fast-growing up-and-coming brands as well as a burgeoning domestic market, this tag chronicles China’s involvement with the tyre business.

Posts

Sailun investing in 8th tyre factory

Company News, International News
Sailun

On 24 June 2022 Sailun decided to invest 15.18 billion yuan in building a new tyre factory in Dongjiakou, West Coast New District, Qingdao City, Shandong Province. The planned annual production capacity is 20 million sets of semi-steel radial tyres, 10 million sets of all-steel radial tyres and 150,000 tons of OTR tyres. At present, the Sailun board of directors has passed this investment proposal.

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Related news:

  1. Georgia selected as location for $500 million Sentury Tire US factory
  2. Prinx Chengshan invests £19 million in purchasing land for new Thailand tyre factory
  3. Linglong investing in new Tongchuan City, China tyre factory
  4. Why Doublestar’s Kumho purchase is a good idea
27th June 2022/0 Comments/by Xuda Wang

ZC Rubber preparing for IPO

Company News, International News

China’s largest tyre manufacturer, ZC Rubber, plans to list on the Shanghai Stock Exchange and has entered the pre-listing tutoring stage. Recently, Hangcha Group, one of the principal shareholders of ZC Rubber, confirmed the news. The institution that conducted ZC Rubber’s pre-listing tutoring is China Securities.

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Related news:

  1. Triangle to upgrade PCR and TBR production with IPO funds
  2. Triangle IPO underway
  3. Linglong IPO attracts 2000x more interest than offer
  4. Triangle IPO on for early September
24th June 2022/0 Comments/by Chris

OTR tyremaker Huitong transitions to new ownership

International News
Huitong

On 14 June 2022 Hou Yugang, chairman of Zaozhuang Mining Group, went to Zhongxing Huitong Tire for research purposes. During his public speech, Hou Yugang affirmed that Zaozhuang Mining Group’s takeover of OTR tyre specialist Huitong had transitioned smoothly following the transfer of equity.

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Related news:

  1. Aeolus Placing a Focus upon Quality
  2. Sinochem International Buys 51% of GMG
  3. For Yinbao Tyre, imitation is the highest form of flattery
  4. China establishing rubber Free Trade Zone in Sri Lanka
21st June 2022/0 Comments/by Xuda Wang

Chinese tyremakers encouraging European customers to claim back truck tyre tariff payments

Editorial/Comment, International News

On 4 May 2022 the European Court of Justice ruled that anti-dumping and anti-subsidy tariffs imposed against Chinese produced truck tyres in 2018 must be annulled. We take a close look at the ruling and the immediate impact on retreaders and Chinese tyremakers alike from page four of June’s bilingual Retreading Special supplement onwards. But what about the tariffs charges that have already been paid? And what about the ongoing impact of the tariff annulment?

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Related news:

  1. US Imposes 35% Tyre Tariff, China Plays Chicken
  2. TRIB testifies at US tariff hearings
  3. 2018 has been ‘Up in the air’
  4. Have the truck tyre import tariffs ‘worked’?
10th June 2022/by Chris

The top 10 listed Chinese tyre companies 2022

Company News, International News
Mylene2401; Pixabay

Chinese listed tyre companies have successively released their 2021 annual reports in recent weeks. Here, Tyrepress analyses these annual reports’ comparing developments in revenue, operating conditions and overseas factory strategy. And the short story is Linglong remains the largest tyremaker amongst the top 10 listed Chinese tyre companies and that Sailun is the fastest growing.

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Related news:

  1. Chinese tyre makers off-shoring in Southeast Asia
  2. Serbia open for business
  3. Show review: Reifen China 2014
  4. ZC Rubber still number one tyre manufacturer in China 
10th June 2022/1 Comment/by Xuda Wang

Chinese truck tyre tariffs to persist in UK?

Product News, UK News
The Court of Justice of The European Union

The European Court of Justice’s (ECJ) judgement that the European Union’s anti-dumping and anti-subsidy tariffs should be annulled has been welcomed by many of those responsible for distributing these products across the continent. Yet for importers of these products in post-Brexit United Kingdom, the truck tyre tariffs introduced by the European Commission appear to be persisting. Speaking to representatives of the Imported Tyre Manufacturers’ Association (ITMA), the association whose members are most directly concerned with these tariffs, Tyres & Accessories now understands that the UK’s Trade Remedies Authority (TRA) does not intend to annul the tariffs since the ECJ’s judgement does not apply legally in the UK, even considering the view that the tariffs were implemented improperly under EC law. It follows that the status quo on these tariffs will be maintained, at least until the TRA reaches tyres in its review of the lengthy list of trade remedies inherited from the UK’s time as a member of the EU. Until such a review takes place, the tariffs will continue to apply until at least November 2023, and UK importers are effectively blocked from joining European colleagues in ending and recouping duties found to be improperly implemented.

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Related news:

  1. Chinese truck tyre tariffs annulled
  2. Tariff fightback? What importers and associations are doing in response to European anti-Chinese truck tyre duties
  3. EU publishes definitive anti-subsidy and updated anti-dumping rates
  4. EU begins registering Chinese truck tyre imports
7th June 2022/by Andrew

The Chinese tyre industry’s current struggle for survival

International News

China’s economy appears to have stalled since 2022. Recent data shows that the value-added of the manufacturing fell by 4.6 per cent year-on-year in April. An integral part of the national manufacturing machine, China’s tyre industry is also under pressure. “The most important task of our enterprise at this stage is to survive,” one Shandong tyre factory owner told Tyres & Accessories.

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Related news:

  1. CITExpo 2017 opens in Shanghai
  2. The Chinese tyre industry wants to move from biggest to best
  3. UK car manufacturing at 10-year high
  4. Cooper acquisition is a game changer – Apollo MD talks to T&A
30th May 2022/by Xuda Wang

Hella and Minth JV opens second production plant in China

International News
Hella

Back in August 2020, we reported on the joint venture (Hella Minth Jiaxing Automotive Parts Co. Ltd) established between Hella and the Minth Group to develop and market radomes (absorbent covers for radar systems) and illuminated logos. We learned recently that the JV has put a second production plant into operation in the Chinese city of Jiaxing, to meet growing demand. The permeable covers for radar systems can be manufactured in special designs according to customer requirements and embedded in the radiator grille or in a customer logo, for example.

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Related news:

  1. Hella and Minth establish new joint venture in China
  2. ZC Rubber’s Anji factory starts making tyres
  3. Linglong considering European factory
  4. Hella promotes intelligent mobility infrastructure in Beijing
20th May 2022/by Peter Gardner

Pirelli Q1 EBIT up 35%, but full-year estimates revised down

Company News, International News
Pirelli

Pirelli & C. Spa has reported a strong set of first quarter 2022 results which show revenues and pre-tax profits (adjusted EBIT) were up 22.2 per cent and 35.4 per cent respectively despite considerable turmoil related to the war in Ukraine and the resultant sanctions against Russia, where Pirelli runs two tyre factories. However, the tyre manufacturer has also revised down full-year estimates due to the same “geopolitical tensions”.

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Related news:

  1. Pirelli: Profits will remain in lower end of range, despite Russia-Ukraine crisis
  2. Pirelli gives 500,000 euros to support Ukranian refugees
  3. How will war in Ukraine impact European tyre production?
  4. Pirelli stops new investment in Russia, puts brakes on tyre manufacturing in Russia
12th May 2022/by Chris

Two batches of Shandong-produced tyres fail sampling inspection

International News

On 24 April 2022, the State Administration for Market Regulation of China announced the sampling inspection results of transportation products in 2021. Among the 24 batches of tyre products randomly checked by government departments, there were two batches of what are referred to as “unqualified products”, with a resulting failure rate of 8.3 per cent. In 2019 and 2020, the failure rate of the tyre product sampling inspection was 2 per cent and 0 per cent respectively.

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Related news:

  1. The Market is Ripe for Korean Tyre Makers
  2. Crown Tyre launches Evermax brand
  3. Nokian reports Chinese tyre test victory
  4. Yongsheng Rubber shareholding changes
10th May 2022/by Xuda Wang

Yongsheng Rubber shareholding changes

Company News, International News

Tyrepress has learned from people familiar with the matter that the shareholding of Shandong Yongsheng Rubber Group Co., Ltd. has changed recently. After the equity change, Tian Xiuzhen held 50 per cent and became the group’s major shareholder. Liu Zijun and Liu Huiqin each own 25 per cent of the shares.

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Related news:

  1. Yokohama and Kumho sign technology exchange, capital alliance MOU
  2. Linglong market value exceeds RMB 50 billion
  3. Triangle IPO underway
  4. Guizhou Tyre raises 1 billion yuan for Vietnam tyre factory in private share issue
9th May 2022/by Xuda Wang

Chinese truck tyre tariffs annulled

Company News, International News, Legislation
The Court of Justice of The European Union

Anti-dumping and anti-subsidy tariffs imposed against Chinese-produced truck tyres in 2018 must be annulled, according to a judgement published by the European Court of Justice on 4 May 2022.  Tyres & Accessories understands that the verdict can be appealed between now and July, but unless that appeal is successful, the annulment of anti-dumping tariffs against Chinese-produced truck tyres will result in increased imports and sales of those products.

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Related news:

  1. EU publishes definitive anti-subsidy and updated anti-dumping rates
  2. US imposes Chinese tyre import tariffs
  3. US puts 10% import tariffs on all Chinese tyres
  4. CRIA: Chinese tyre market will be ‘tested’ in 2H 2011
5th May 2022/by Chris

Shanghai lockdown severely impacting the region’s tyre industry

International News

Since March 2022, China’s government has imposed strict lockdown policies on several cities in response to the rapid spread of COVID-19. Shanghai, the economic centre of China, is one of the core lockdown areas. According to information available to Tyrepress, it appears the entire industry is feeling the restrictions hitting production, logistics and retail in Shanghai and surrounding cities.

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Related news:

  1. Half of Chinese tyre makers recording YTD losses
  2. Warrior PCR brand launched in North America
  3. Show review: Reifen China 2014
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3rd May 2022/by Xuda Wang

Michelin remains China’s top tyre brand

International News

The results of the 2022 China Brand Power Index (C-BPI) are out, and leading brand rating and consulting agency Chnbrand has once again ranked Michelin as the clear favourite in its automotive tyre brand ranking. Michelin has occupied the top spot every year since the inaugural rating was published in 2011.

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Related news:

  1. Triangle’s 2013 global summit exemplifies Chinese globalisation ambitions
  2. Healthy European market growth in December
  3. Analysts predict Chinese tyre anti-dumping duties of 25 – 35%
  4. Michelin establishes aircraft tyre firm in China
3rd May 2022/by Stephen

6.5 million all-steel radials a year: Assessment for ZC Rubber’s proposed factory

Company News, International News

An environmental impact assessment has commenced for the all-steel radial tyre plant that Zhongce Rubber Group (ZC Rubber) intends to build in Hangzhou, China. Subsidiary Hangzhou Zhongce Qiantang Industrial intends to set up the 6.5 million tyre a year greenfield facility in the Xiaoshan Linjiang High-tech Industrial Park; stakeholders now have an opportunity to comment on the project’s potential ramifications.

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Related news:

  1. ZC Rubber expanding PCR capacity to meet growing domestic demand
  2. ZC Rubber expanding work with rubber recycling
  3. ZC Rubber resumes full tyre production
  4. Zhongce Rubber Group acquires Tianli OTR, agricultural tyre manufacturer
22nd April 2022/by Stephen
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