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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.

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Guizhou Tyre raises 1 billion yuan for Vietnam tyre factory in private share issue

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Guizhou Tyre

On 4 September 2020 Guizhou Tyre Co. Ltd’s board of directors approved plans for a private share issue. The plan was to raise 1 billion yuan in funding via the sale of now more than 200 million shares to 35 selected investors. By 11 September, the company had received the green light from the state-funded Guiyang Industrial Investment Holding Group Co., Ltd. that it would purchase no less than 43.5 per cent of the issued shares.

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Related news:

  1. Guizhou Tire begins $350 million construction project on two China factories
  2. Triangle IPO on for early September
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  4. Aiming for the top 10: Sailun developing five-year plan to climb global rankings
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10 Chinese rubber firms receive national green factory status

On 12 September 2020, the Chinese Ministry of Industry and Information Technology published its fourth batch of green manufacturing lists. The list includes 602 green factories, 371 green design products, 39 green parks and 50 green supply chain management demonstration enterprises.

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  1. Linglong’s Serbia factory faces local environmental opposition
  2. New Appointments at Dunlop Aircraft Tyres
  3. Self-Inflation Device Scoops 2009 Tire Technology Awards
  4. EM Tyre Conspiracy Verdict Awards $26 million, Defendants Likely to Fight On
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Linglong’s Serbia factory faces local environmental opposition

Environmental campaigners have been protesting against Linglong’s  Zrenjanin, Serbia tyre factory. At the same time the construction work, which has been variously described as either an 800 million euro or US$994 million project by different sources, has also been involved in certification disputes.

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  1. Serbia open for business
  2. 10 Chinese rubber firms receive national green factory status
  3. Double Star embarks on “Rainbow” tyre production
  4. Hubei Linglong initiates truck tyre production
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Double Coin tyre experts praise Crystex Cure Pro

Double Coin Tires engineers praised the benefits of Eastman’s Eastman Crystex Cure Pro insoluble sulphur alongside scientists from the chemicals manufacturer Eastman during a joint speech at the China Rubber Industry Association (CRIA) conference on 15 September. Around 200 professionals from tyre-related enterprises gathered at the conference to discuss the latest industry technologies and market status.

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  1. An Untapped Resource? Nokian’s Kazakhstan factory bid
  2. European ‘Anti-Dumping’ Investigation Could Mean 30% Duty on Chinese Alloys
  3. Russian Tyre Market Value Shrunk 40% in 2009
  4. Reifen China 2010 Had 39% More Visitors
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Tym International ceases trading, RH Claydon takes over Triangle OTR and truck tyre distribution

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Tym International

Tym International will cease trading from 30 October 2020, effectively winding up the tyre import and wholesale business specialising in Far Eastern-produced and OTR tyres. Writing in a letter dated 8 September, managing director Steve Eke explained “the decision to cease has been forced upon the company by others that control the majority of the shares in the business”. Tyres & Accessories understands that the combination of recent business pressures caused by EU anti-dumping truck tyre tariffs and then coronavirus caused major shareholders to withdraw their investment.

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  1. Triangle, TYM partnership already bearing fruit
  2. Truck tyre tariffs to cause shortages
  3. Have the truck tyre import tariffs ‘worked’?
  4. US puts 10% import tariffs on all Chinese tyres
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Prinx Chengshan: Increased profits despite corona

Prinx Chengshan

In spite of COVID-19, Prinx Chengshan managed to increase its net profit in the first half of 2020, a feat aided in part by a prompt response to the pandemic. Sales revenue for Prinx Chengshan (Cayman) Holding Limited and its subsidiaries in the six months to 30 June 2020 came to RMB 2,844.0 million (£317.2 million), 1.0 per cent less than in the same period of 2019. Gross profit rose 9.9 per cent year-on-year to RMB 606.3 million (£66.7 million) and net profit increased 1.6 per cent to RMB 265.3 million (£29.2 million).

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  1. Prinx Chengshan invests £19 million in purchasing land for new Thailand tyre factory
  2. Auto industry will look to China for rebound insights – GlobalData
  3. Goodyear defers dividend as volumes drop 18% in Q1 2020
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Duraturn: tyre recall limited to US market

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Duraturn

Following the news that Yanchang Rubber-produced Duraturn brand Travia AT SUV and light truck tyres have been recalled in the US, company representatives have confirmed that the measure should only affect the American tyre market.

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  1. Duraturn recalls 33,466 Travia A/T tyres in the US
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  4. Almost 400,000 Primewell tyres recalled in the USA
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Duraturn recalls 33,466 Travia A/T tyres in the US

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Duraturn

Across the Atlantic, Chinese tyre manufacturer Shaanxi Yanchang Petroleum Group Rubber (trading under its Duraturn brand name) is recalling thousands of Duraturn Travia A/T tyres in a move that could see as many as 33,466 products returned. The recall has been called due to manufacturing issues which could result in the separation of the tread or inner-liner from the tyre.

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  1. Duraturn: tyre recall limited to US market
  2. CMA recalls certain Bluestar brand truck tyres
  3. Vee Tyre light truck tyres recalled in the US
  4. Chinese Car Makers Have Long-Term Plans For US Market
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Hella and Minth establish new joint venture in China

Hella and the Minth Group have announced a joint venture, which will be funded equally. The company, Hella Minth Jiaxing Automotive Parts Co. Ltd., will promote the development, production and marketing of radomes (absorbent covers for radar systems) and illuminated logos. It has a production facility in Jiaxing and will have an international scope, with an initial focus on the Chinese market. Subject to the approval of the relevant antitrust authorities, the joint venture is scheduled to start operations in Autumn 2020.

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  1. Second ContiTech Fluid Joint Venture in China
  2. China’s Auto Parts Exports Hit $8.9 Billion
  3. IAA Commercial Vehicles: Hella introduces intelligent lighting and electronics solutions
  4. Analysts: Cooper 3Q results surprise, but shares fall
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Apex Motorsport gains global sales rights for Sailun motorsport tyres

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Sailun Group

Sailun Tire has entered into a partnership agreement with China’s Apex Motorsport. The deal, signed on 21 August by Apex Motorsport’s Jin Yi and Chen Zheng, deputy director of Sailun Motorsport, gives Apex global sales rights for Sailun Sports Tires including the full range of Sailun Gene R tyres. Sailun believes this agreement marks its “successful shift from the prosumer market to the consumer market following three years of racing events that put Sailun Tire products to various stringent tests.”

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  1. Sailun celebrates China drifting victory
  2. Giti tyres on Lotus Cup Racers at 2018 Macau Grand Prix
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  4. Sailun Group extends capacity expansion project
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Linglong building R&D centre in Jinan, China

Linglong

Linglong Tire signed a cooperation agreement with the Jinan Municipal People’s Government on 17 July 2020. As a result, Linglong Tire will settle its research and development and technological innovation base in the central district of Jinan. According to the agreement, the two parties will cooperate in terms of science and technology as well as personnel matters. The relevant leaders of Jinan and Linglong’s chairman and president Wang Feng attended the signing ceremony.

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  1. Serbia open for business
  2. Linglong IPO attracts 2000x more interest than offer
  3. ExxonMobil begins Shanghai centre construction
  4. Linglong’s dandelion and polyurethane tyres on-show at Tire+
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Wurst joins Triangle Tire USA as senior development engineer

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Triangle Tire USA has named Brad Wurst as senior development engineer of A3T, the company’s technical centre in Akron, Ohio. Wurst joins Triangle from Smithers where he has worked since March 2018. Prior to Smithers, Wurst spent more than seven years with Cooper Tire & Rubber, including a one-year assignment as a truck tyre development engineer at the company’s facility in Shanghai, China. Before that Wurst was spent 20 years with Bridgestone Americas.

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  1. Mesnac consolidates regional operations into global tooling division
  2. Chinese JV exit gives Cooper Tire flexibility to plan for a changing tyre market
  3. Show review: Reifen China 2014
  4. Tread design rights: Bridgestone wins lawsuit against Triangle Tyre
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Hankook invests in its Chinese Sealguard self-sealing tyre capacity, expanding US car tyre plant

Hankook

Puncture proof tyres are said to be increasing demand – despite criticism from recycling associations of such products. In line with this trend, according to media reports Hankook is significantly expanding its self-sealing production capacity in China.

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  1. Sentury internationalising with US tyre factory investment
  2. Hankook to receive US plant site in August
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Cabot planning to invest US$90 million in Louisiana factory

Cabot

Cabot Corporation is planning to invest US $90 million in upgrading its Ville Platte, Louisiana carbon black factory. According to various US news sources, the project will capture waste energy to create steam from an incineration process, remove impurities and generate electricity to power site operations. Cabot is expected to create 15 new jobs in addition to the existing workforce of 90 at the site as a result of the investment.

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  1. Cabot buys Chinese nanotube supplier for $115 million
  2. Cabot completes acquisition of Shenzhen Sanshun Nano New Materials
  3. Orion Engineered Carbons invests in emissions controls
  4. Cabot to Meet Tyre Makers' Needs with 20% Expansion in Indonesia
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Kenda denies Indonesia relocation plans

Kenda Rubber Industrial has been producing bicycle and motorcycle tyres at its Indonesia plant since 2015. According to local media reports, the Taiwanese manufacturer now wants to move production capacity from China to Indonesia.

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Related news:

  1. Maxxis/Cheng Shin investing $500 million in tyre factory construction and expansion
  2. Hangzhou Zhongce confirms Thai factory reports
  3. Triangle: no Russian tyre plant…for now
  4. Linglong considering European factory
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