Tag: China

China establishing rubber Free Trade Zone in Sri Lanka

21st January 2019 | 0 Comments

China has begun establishing a rubber Free Trade Zone (FTZ) in Sri Lanka. The arrangement will help promote the country’s rubber industry and boost sector earnings. In return, China is asking for long-term access to lands and tax concessions, according to various media reports.

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Xingda tyre cord opens European office

9th January 2019 | 0 Comments

Chinese tyre cord manufacturer Xingda has opened a European office in Luxembourg. The new European operation has been registered as Xingda Europe Limited and is a subsidiary of Xingda International Holding Company.

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Prinx Chengshan invests £19 million in purchasing land for new Thailand tyre factory

Prinx Chengshan invests £19 million in purchasing land for new Thailand tyre factory

4th January 2019 | 0 Comments

Having rejected earlier plans for a new tyre factory in Malaysia, Prinx Chengshan has invested 170.6 million yuan (£19.464 million) in buying at least 433,600 square metres of land in at Tambon Nong Suea Chang, Amphur Nong Yai, and Tambon Klong-Kew, Amphur Ban-Bung, Chonburi province in Thailand. According to stock exchange filings dated 25 December 2018, the deal comprises “several plots of land” and will be funded by the company’s recent global share offering.

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Prinx Chengshan the only HKEX-listed tyremaker at Tire+

Prinx Chengshan the only HKEX-listed tyremaker at Tire+

14th December 2018 | 0 Comments

Based in the city of Guangzhou, the Guangzhou International Automobile Exhibition is particularly close to the Chinese off-shore territories of Hong Kong and Macau. Still, despite the show’s proximity to such personal and corporate wealth, Prinx Chengshan unique inasmuch as it was the only Hong Kong stock exchange (HKEX) listed tyre manufacturer at the show.

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Wanda Boto Tyre advertising on NASDAQ screen in Times Square

Wanda Boto Tyre advertising on NASDAQ screen in Times Square

12th December 2018 | 0 Comments

In September 2018 Shandong Wanda Boto Tyre Co Ltd was invited to display some of its advertising on the NASDAQ screen in the world-famous Times Square in New York, USA.

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Linglong hosts partner meeting in Turin

Linglong hosts partner meeting in Turin

11th December 2018 | 0 Comments

Linglong Tire hosted its dealer meeting in Turin recently. The event focused on global cooperation and Linglong distributors and suppliers from all over the world were reportedly present. Dialogue with local partners was a specific talking point.

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2018 has been ‘Up in the air’

2018 has been ‘Up in the air’

10th December 2018 | 0 Comments

When it comes to reviewing 2018, two words sum up the kinds of talking points virtually everyone has touched on this year: tariffs and Brexit. Indeed it has to be said that 2018’s two meta-themes are not entirely separate from one another. Nevertheless, both have this in common. For most of the last twelve months details of both subjects have been “up in the air”, leaving the rest of us to forecast (which often means speculate) exactly what is going on. See page 32 for further analysis of what has been going on this year as well as coverage of a couple of stories that are emblematic of these themes.

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Linglong awarded China Industrial Award

Linglong awarded China Industrial Award

10th December 2018 | 0 Comments

On 9  December 2018, the fifth China Industrial Award Ceremony was held at the Great Hall of the People in Beijing. Shandong Linglong Tire Co., Ltd. won China Industrial Award, the first tyre enterprise in China to win this award. Wang Feng, chairman and president of Linglong Tire, accepted the award at the Great Hall of the People.

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Ex-Triangle and Goodyear Tire executive Cohade joins Johnson Controls

Ex-Triangle and Goodyear Tire executive Cohade joins Johnson Controls

6th December 2018 | 0 Comments

Johnson Controls International plc has appointed Pierre E. Cohade as a director. Cohade served as chief executive officer of Triangle Tyre from 2015 to May 2016. Before this, Cohade was president of Asia Pacific Tire, Goodyear Tire and Rubber Company.

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Chinese tyre manufacturers aim to increase OE supply

Chinese tyre manufacturers aim to increase OE supply

4th December 2018 | 0 Comments

When you look at Tire+’s deliberate proximity to a premium car show such as Auto Guangzhou, the first thing that comes to mind is original equipment (OE). If we take a comparable European equivalent event such as the Geneva Motor Show as an example, most of the leading global tyre players as well as some of the larger up-and-coming brands use Geneva as a way of showcasing new technologies and products in order to generate additional OE tyre sales as well as the benefit of the enhanced ongoing tyre replacement sales that come with the so-called OE pull-through effect. While it is not as linear and transactional an equation as investment in a motor show equals OE contracts, it clearly is an important part of the corporate courtship ritual. Surprisingly, things are a little different in China.

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Tire+ 2018 returns

Tire+ 2018 returns

3rd December 2018 | 0 Comments

Of course, the earlier shows (including the first edition of Tire+) were held in Shanghai. This time, the 2018 event saw the Tire+ exhibition move to Guangzhou. According to the organisers the goal of the exhibition was “not only to continue the mature model of 2017, but also leverage the resources of the exhibition”. In practice this means leveraging the show’s ability to operate in both the business-to-business and business-to-consumer realms, specifically “the automobile industry chain, which is suitable for the post-automobile market consumption upgrade and individualized demand” as well as “tyres and aftermarket enterprises”.

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Suretrac embedding RFID in truck tyres

Suretrac embedding RFID in truck tyres

29th November 2018 | 0 Comments

The Suretrac brand, which is manufactured in China by Beijing-based Staridge Inc, reports that it is now embedding radio frequency identification (RFID) chips inside commercial truck tyres and retreads, enabling fleets to better manage their tyre assets throughout the full life cycle.

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Giti tyres on Lotus Cup Racers at 2018 Macau Grand Prix

Giti tyres on Lotus Cup Racers at 2018 Macau Grand Prix

29th November 2018 | 0 Comments

On 18 November Giti Tire took part in the 65th Macau Grand Prix, sponsoring and providing tyres to all drivers in the Lotus Cup racing competition. The event was one of six during the Grand Prix weekend, which brings racers and spectators from all around the world to the exciting street-circuit motorsports events around the city and ocean side of the historic city of Macau.

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Doublestar names Antonio Smith as general director for Spain and Portugal

Doublestar names Antonio Smith as general director for Spain and Portugal

21st November 2018 | 0 Comments

Qingdao Doublestar Group, recently named Antonio Smith Montero as general director for the company in Spain and Portugal. With this announcement the company, which recently acquired Korean manufacturer Kumho Tire and is well-known for its Doublestar, Crossleader and Aosen brands has underlined its commitment to the Iberian tyre market.

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Tire+ 2018 opens

16th November 2018 | 0 Comments

The second edition of the Tire+ exhibition, organised by China United Rubber Company, got underway today in Guangzhou, Guangdong Province China at the world-famous Canton show ground. The show runs in parallel with the large-scale Guangzhou Autoshow (itself a top three automotive event in China) as well as the China Essen Motor Show and continues until 19 November.

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