Tag: China

Steel wheels from china sold in US at “less than fair value”

2nd November 2018 | 0 Comments

Following an investigation covering the period from 1 July to 31 December 2017, the US Department of Commerce has issued a preliminary determination that steel wheels from the People's Republic of China were (or were likely to have been) sold in the United States at less-than-fair-value. It now invites interested parties to comment on this preliminary determination.

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Chinese truck/bus tyres: US court partially rejects determination

2nd November 2018 | 0 Comments

The U.S. International Trade Commission (ITC) must reappraise its final determination on truck and bus tyres from China after the US Court of International Trade (CIT) only partially sustained the ITC’s determination that the US tyre industry has been neither materially injured nor threatened with material injury by imports of these products.

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Pirelli completes high-end tyre JV

Pirelli completes high-end tyre JV

25th October 2018 | 0 Comments

With the completion of Pirelli’s acquisition of a 49 per cent stake in Jining Shenzhou Tyre Co., the tyre maker’s management assume operational responsibility for the joint venture company’s consumer tyre plant in China. Pirelli states that the new plant will provide it with the “necessary production flexibility” it requires within its ‘High Value’ segment to accommodate the evolving Chinese market as well as expected developments in electric vehicles and the growing share of original equipment homologations obtained in China, Japan and Korea.

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EC: “Important number of subsidies” uncovered by anti-subsidy investigation

EC: “Important number of subsidies” uncovered by anti-subsidy investigation

22nd October 2018 | 0 Comments

In addition to announcing its final decision on measures related to Case AD640, its anti-dumping proceeding on new and retreaded truck and bus tyres manufactured in China, the European Commission has commented briefly on Case AS641, the anti-subsidy investigation focusing on these products.

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EU makes final truck tyre anti-dumping duties decision, retains fixed rates for manufacturers

EU makes final truck tyre anti-dumping duties decision, retains fixed rates for manufacturers

22nd October 2018 | 0 Comments

The European Union has made its conclusive statement on the introduction of anti-dumping tariffs on truck and bus tyres and retreads manufactured in China. As previously announced, the EU will impose fixed rate anti-dumping duties on the products, with the final regulation 2018/1579 implemented from 23 October. This ends speculation that percentage rates could be applied. In fact, the EU has revised tariff levels up, almost across the board.

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Yokohama tyres OE on China-made BMW X3

Yokohama tyres OE on China-made BMW X3

22nd October 2018 | 0 Comments

Yokohama Advan Sport V105 tyres made at Yokohama Rubber’s factory in Suzhou, China will be supplied as original equipment for BMW X3 models manufactured in China. The Suzhou plant began shipping size 245/50R19 105W OE tyres bearing the BMW ‘star’ mark on the sidewall in May.

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Michelin predicts significant slowdown in car and truck tyre demand

Michelin predicts significant slowdown in car and truck tyre demand

19th October 2018 | 0 Comments

While presenting its nine-month 2018 results, Michelin has predicted a significant slowdown in passenger and truck tyre market conditions in the second half of the year. However, the well-known tyre manufacturer also predicted “sustained growth” in the speciality sector, which consists of OTR, two-wheel, aircraft and agricultural tyres.

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Shareholder approval for Sailun Jinyu name change

17th October 2018 | 0 Comments

The vast majority of Sailun Jinyu Group shareholders have approved the adoption of a new company name and changes to the company’s articles of association. Votes held during an extraordinary meeting of shareholders on 12 October resulted in a 99.1 per cent turnout in favour of both measures. The tyre maker will thus adopt the name Sailun Group Co., Ltd.

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Cabot buys NSCC Carbon in US$50 million transaction

12th October 2018 | 0 Comments

On 1 October Cabot Corporation acquired NSCC Carbon (Jiangsu) Co., Ltd. from Nippon Steel Carbon Co., Ltd., a subsidiary of Nippon Steel Chemical & Material Co., Ltd. The carbon black manufacturing facility in Pizhou, Jiangsu Province, China, was originally commissioned in 2015. The purchase price and certain equipment and technology upgrades are expected to result in spending of approximately $50 million over the next two years.

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Prinx Chengshan goes live on HKEX

Prinx Chengshan goes live on HKEX

9th October 2018 | 0 Comments

The striking of a ceremonial gong at precisely 9:30am this morning marked the listing of Prinx Chengshan (Cayman) Holding Limited on the Hong Kong Stock Exchange. Today's listing follows nearly a year of preparations and represents an important step in the company's growth and internationalisation strategy. Trading under stock code 1809, Prinx Chengshan is the first China-based tyre manufacturer to join the HKEX.

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Jiangsu General investing US$300 million in Thailand tyre plant

2nd October 2018 | 0 Comments

Jiangsu General Science Technology Co. Ltd. is set to invest around US$300 million in the construction of a tyre manufacturing facility in Thailand. The news follows earlier reports published in the Spring that Jiangsu General was considering Cambodia for the investment.

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Sailun Jinyu joins Cooper Tire in GRT joint venture

26th September 2018 | 0 Comments

In 2016, Cooper Tire & Rubber invested some US$93 million to acquire a 65 per cent shareholding in Qingdao Ge Rui Da Rubber Co., Ltd (GRT). The remaining 35 per cent share in the China-based truck and bus radial manufacturing operation was retained by Qingdao Yiyuan Investment Co., Ltd. (QYI), however QYI is now selling its stake in the business. Sailun Jinyu Group Co., Ltd. has signed a share transfer agreement with QYI to acquire its 35 per cent interest in GRT for RMB 220 million (£24.4 million, US$32.0 million), subject to government approval.

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US puts 10% import tariffs on all Chinese tyres

US puts 10% import tariffs on all Chinese tyres

18th September 2018 | 0 Comments

The Trump administration upped the ante once again in the ongoing trade war between the USA and China on 18 September with the introduction of tariffs on all US$200 billion of imports including basically all categories of tyres, retreads and inner tubes. At President Trump’s direction the additional tariffs will initially be set at 10 per cent and will take effect on 24 September 2018. However, as of 1 January 2019, the level of additional tariffs will increase to 25 per cent.

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Ricardo shares vision for future hybrid transmissions at CTi Shanghai

17th September 2018 | 0 Comments

With hybrid vehicles set to capture a significantly greater market share during the transition to electrified transportation, Ricardo will share its vision as to how high efficiency, low-cost Dedicated Hybrid Transmissions (DHTs) can be created using the company’s highly advanced Select-R transmission design toolchain.

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Linglong Tire commences cooperation with FAW

Linglong Tire commences cooperation with FAW

13th September 2018 | 0 Comments

On 1 September 2018, Chinese vehicle manufacturer FAW Group Corporation signed a product technical cooperation framework agreement with Shandong Linglong Tire. The two parties intend to collaborate on the development of tyres for new models produced by FAW.

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