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.
The Doublestar Group reports that it has signed a cooperation agreement with information and communications company Huawei. According to information posted by Doublestar, the partners will utilise their respective strengths to develop the infrastructure for a 5G network over which tyre pressure, temperature and wear data can be transmitted and shared between vehicles and companies in real-time.
Shandong Linglong Tire Co. Ltd is investing 6.066 billion yuan (£669.678 million; 779.348 million euros; US$949.830 million) in its latest tyre factory. Tyres & Accessories has confirmed that the roughly billion-dollar Tongchuan City factory project will put sustainability at the heart of its plans, which include largescale retread capacity.
The board of Shandong Linglong Tire Co., Ltd has agreed to build its sixth Chinese tyre factory in Tongchuan City, Shaanxi Province. The construction site is located in Dongjiahe Circular Economy Industrial Park, Yaozhou District, Tongchuan City, Shaanxi Province and will be home to large and modern factory manufacturing tyres for a wide range of business segments.
The board of Shandong Linglong Tire Company Ltd has revised its 10-year “medium and long-term development plan (2020-2030)” to focus on a 7+5 rather than a 6+6 tyre manufacturing capacity expansion model. Up till April 2020, Linglong has worked according to a 5+3 plan, but last year this was upgraded to 6+6, meaning the company plans to run six tyre factories in China as well as six situated in international locations. However, according a stock market filing dated 10 June 2021, Linglong’s board voted unanimously in favour of running a total of seven plants in China and five internationally.
Jiangsu General Science Technology Co. Ltd (Jiangsu General) has announced plans to invest 1.304 billion yuan (£143.888 million; 167.458 million euros; US$203.947 million) in the construction of “high-performance semi-steel radial tyre projects in Cambodia”.
The restructuring of Sinochem Group Co., Ltd. and China National Chemical Corporation Ltd. (ChemChina) has resulted in the establishment of a new entity, Sinochem Holdings Corporation Ltd. (Sinochem Holdings). As of 8 May 2021, both Sinochem Group and ChemChina became wholly-owned subsidiaries of the new state-owned enterprise, which is said to be the world’s largest chemical conglomerate.
The”18th China International Tire and Wheel Expo (CITEXPO) 2021, which was previously scheduled for 16-18 August 2021 has been postponed to 2022 as a result of the Covid-19 pandemic. The specific date for the 2022 edition will be announced later and an online equivalent will still be offered in 2021.
Linglong Tire won three awards at the FAW 2021 Supply Chain Partner Conference, which took place in Changchun, China on 15 and 16 April. FAW Group honoured the tyre maker with the Collaborative Innovation·Qizhi, R&D Collaboration and Excellent R&D Supplier awards.
Goodyear’s US$2.8 billion takeover of Cooper has passed a significant milestone, following the deal’s approval by antitrust authorities in China. According to official filings, the merger between Goodyear Tire and Rubber Company and Cooper Tire & Rubber Company was approved by the State Administration for Market Regulation (SAMR) on 23 April 2021.
Chinese car maker BYD debuted its new EA1 electric hatchback at the 2021 Shanghai Motor Show, and ZC Rubber is proud to share that the car was unveiled with Chaoyang tyres as original equipment. The EA1 wears Chaoyang RP76 tyres in size 195/60 R16.
Chinese tyre manufacturing equipment and systems supplier Mesnac has appointed Guan Bingzheng as chairman and CEO. Bingzheng has been with the company since its establishment. Announcing the news, Mesnac highlighted Bingzheng’s 20 years of experience in the rubber industry. At the same time, the company also appointed Wang Zhiming as vice president.
According to authoritative Pakistani newspaper Dawn, Chinese manufacturers now hold an 85 per cent share of the country’s car tyre market, up from 40 per cent in 2018. It also reports that Chinese tyre makers have increased their share of the light truck tyre segment from 40 per cent to 65-70 per cent during the same timeframe, while their share of the truck/bus tyre market has risen from 40 per cent to more than 75 per cent.
On 31 March, Pirelli & C. S.p.A. received a notification letter from China National Chemical Corporation Ltd. (ChemChina) stating that ChemChina had received a notice regarding its restructuring and that of Sinochem Group Co., Ltd., (Sinochem Group) from the State-owned Assets Supervision and Administration Commission (SASAC), a commission of the State Council of the People’s Republic of China.
Smithers has moved its tyre, wheel, and product testing operation in Suzhou, China into a larger 7,200 square meter building in the Xiangcheng district. As a result, the size of the product testing lab has increased by 90 per cent, with plans to invest in more testing equipment to further expand testing capabilities. In addition to laboratory space, the new building includes classrooms and conference rooms for on-site training and industry meetings.
Following Ryan Patterson’s appointment as senior vice president, Business Integration at Goodyear, Nathaniel Madarang succeeds Patterson as president of Goodyear Asia Pacific. Madarang was previously managing director of Goodyear China and his new appointment took effect on 4 March 2021.
Zrenjanin city government
CITEXPO
Mesnac
Smithers
Goodyear