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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.

Tag Archive for: China

ChemChina unit to build tyre plant for Bangladesh’s Jamuna Group

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Under its ‘Belt and Road Initiative’ the government of China aims to redirect overproduction within certain key industries to other countries, particularly those in Eurasia, and one project being set up in response to this strategy is about to begin in South Asia. The Jamuna Group, a Bangladesh-based private enterprise active in a number of sectors, is establishing a tyre factory within the country with technical assistance from companies belonging to state-owned chemical firm China National Chemical Corporation (ChemChina).

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Related news:

  1. ChemChina’s latest Pirelli shares held indirectly
  2. Pirelli and ChemChina agree closing date, triggering mandatory tender offer
  3. Regulator approves ChemChina/Pirelli offers
  4. Kumho takeover implosion isn’t the end of market consolidation attempts
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Triangle Tyre joins the “63-inch” club

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The 63-inch OTR radial is a standard fitment on many large mining vehicles, yet the limited customer base for these behemoths and the complexities involved in their production means only a handful of tyre makers deal with this particular tyre size. The list of 63-inch OTR tyre manufacturers may be a short one, but one further name has now been added – Triangle.

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Related news:

  1. Triangle and Goodyear in ‘long-term cooperation’
  2. Bringing China to the World
  3. Triangle Presents Diamond Back Range at Reifen
  4. Tym International ceases trading, RH Claydon takes over Triangle OTR and truck tyre distribution
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Triangle Tyre celebrates 40th anniversary

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Chinese tyre manufacturer Triangle Tyre celebrated its 40th anniversary on 8 April. According to the company, over the past 40 years, Triangle Tyre has enjoyed “a big improvement in the tyre production” both in terms of quality and quantity.

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Related news:

  1. Triangle building fifth factory
  2. Serbia open for business
  3. Triangle to upgrade PCR and TBR production with IPO funds
  4. ZC Rubber’s Anji factory starts making tyres
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Kobe Steel opens tyre and rubber machinery firm in China

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In April Kobe Steel, Ltd. will open a company in China to sell tyre and rubber machinery and provide after-sales service. Kobelco Machinery System Engineering Qingdao Co., Ltd. (or KMQ), based in Qingdao, Shangdong Province will supply rubber mixers, twin screw roller head extruders and tyre testing machines used in the manufacture of tyres for cars, construction equipment and other rubber products. Kobe Steel has invested 2 million yuan (about 40 million yen; £216,000) in KMQ.

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Related news:

  1. Nexen Aiming to Produce 20 million Tyres in Qingdao by 2017
  2. Qingdao Doublestar hosts global strategy conference
  3. Triangle Tyre celebrates 40th anniversary
  4. Re-globalisation of the international tyre market?
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Pirelli truck tyres separating and merging with Aeolus/ChemChina

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Pirelli’s Chinese owner ChemChina has officially entered into negotiations relating to the separating out the Italian firm’s truck tyre business in order to combine it with Aeolus and the three other ChemChina-owned tyre businesses.

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Related news:

  1. Pirelli industrial/consumer tyre business split continues
  2. Yokohama to buy ex-Pirelli commercial/industrial tyre business Prometeon
  3. Yokohama’s Prometeon bid: Delayed by Covid, but nearing completion
  4. Prometeon COO talks with Tyres & Accessories
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Wang Feng resigns as Aeolus Tyre chairman

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Aeolus Tyre Co. Ltd. has reported the resignation of its chairman Wang Feng. In a Chinese-language statement issued on 15 March, the tyre maker shared that Mr Wang has resigned due to “job changes.”

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Related news:

  1. Pirelli/ChemChina deal, the story so far
  2. Will sale to ChemChina alter Pirelli’s motorsport focus?
  3. Aeolus continues to rise in Chinese tyre market
  4. ChemChina Pirelli buy-out underway
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Yokohama introducing Chelsea Captain John Terry to Chinese fans

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On 21 March The Yokohama Rubber Co., Ltd., will be introducing John Terry, the captain of the Barclays Premier League Champions Chelsea Football Club, to Chinese football fans at an event in Shanghai. According to Yokohama, which is shirt sponsor of Chelsea, the event will feature a football clinic for local high school players, followed by a press conference and an interview/talk show with the Chelsea team captain.

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Related news:

  1. Yokohama release Chelsea tyre
  2. Chelsea FC US tour ‘boosts’ Yokohama brand
  3. Yokohama hails Chelsea success as team wins ‘football’s biggest prize’
  4. Yokohama-sponsored Chelsea look forward to FA Cup, Far East tour
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Hankook China workers protest shift changes

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On 1 March 2016 around 100 Chinese Hankook tyre workers protested against the decision to move to a three-shift rather than a four-shift working pattern. However while some sources described this as strike action, Hankook representatives denied these claims and said production has not been affected.

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Related news:

  1. Decennial shift in global PCLT tyre volume market share
  2. ZC Rubber still number one tyre manufacturer in China 
  3. EU makes final truck tyre anti-dumping duties decision, retains fixed rates for manufacturers
  4. Hankook: Union calls for indefinite strike in Hungary tyre plant
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US investigating dumping of Chinese truck and bus tyres

The United States International Trade Commission has launched an investigation into dumping allegations related to Chinese-produced truck and bus tyres sold in the US market. The ITC released information on its action on 29 January; the decision to commence preliminary anti-dumping and countervailing duty investigations follows the lodging of a petition by the United Steelworkers union.

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Related news:

  1. USA: No antidumping and countervailing duties on Chinese truck & bus tyres
  2. Chinese truck/bus tyres: US court partially rejects determination
  3. USA sets final duties on CV steel wheels from China
  4. USW receives Dept of Commerce deadline extension for Chinese antidumping decision
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UK car manufacturing at 10-year high

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In 2015 the British car manufacturing industry made more cars than any year since 2005 when 1,595,697 vehicles were produced, according to figures released today by the Society of Motor Manufacturers and Traders (SMMT). Data released on 21 January shows that production increased 3.9 per cent on 2014, with output at 1,587,677 overtaking pre-recession levels for the first time.

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Related news:

  1. Mesnac consolidates regional operations into global tooling division
  2. Sentury internationalising with US tyre factory investment
  3. Hankook scales back production, sets record inventory glut
  4. The Chinese tyre industry wants to move from biggest to best
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Qingdao carbon black JV now wholly Orion-owned

Carbon black supplier Orion Engineered Carbons S.A. shares that its acquisition of the remaining 64 per cent share in the Qingdao Evonik Chemical Co. Ltd. (QECC) carbon black business in Qingdao, China has now been completed.

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Related news:

  1. Analysts: Cooper 3Q results surprise, but shares fall
  2. Cooper Tire acquiring majority share in Chinese truck tyre maker
  3. Pirelli completes high-end tyre JV
  4. Performance Fibers Buys Out Chinese JV Partner
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ChemChina to acquire KraussMaffei Group for €925million

Leading chemical group China National Chemical Corporation, or ChemChina, has agreed to acquire machinery manufacturer KraussMaffei Group from Onex Corporation for a cash enterprise value of 925 million euros. ChemChina’s acquisition of the KraussMaffei Group covers the German company’s three brands of products, including the KraussMaffei Berstorff range of extruders, roller head systems and cap strip systems for the tyre industry. The transaction is subject to closing conditions including customary regulatory approvals.

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Related news:

  1. Pirelli/ChemChina deal, the story so far
  2. Pirelli in talks with a number of bidders before ChemChina deal
  3. Marco Polo/ChemChina buy almost 10 per cent of Pirelli shares
  4. ChemChina to acquire Swiss agribusiness firm for US$43 billion
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Titan, US union file petition against off-road tyres from China, India & Sri Lanka

Titan International has filed petitions with the US International Trade Commission and the US Department of Commerce for relief from imports of off-road tyres from China, India, and Sri Lanka. The petitions were filed jointly with the United Steelworkers union and allege that imports from China and India are being dumped in the US market in violation of international trade agreements and that imports from all three countries are benefitting from improper government subsidies.

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Related news:

  1. US tyre investigation is “dog in the manger” behaviour, says Chinese ministry
  2. Looking forward to level playing field – Titan International testifies in duty hearing
  3. USA: No antidumping and countervailing duties on Chinese truck & bus tyres
  4. USW comments on India OTR tyre determination
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Triangle Tire gains IPO approval

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Approval has been given for the long-anticipated Triangle Tire Co Ltd. initial public offering. The Shanghai Stock Exchange disclosed on 6 January that the go-ahead was granted at the meeting of the exchange’s Issuance Examination Committee held earlier that day.

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Related news:

  1. Mesnac consolidates regional operations into global tooling division
  2. Chengshan to buy out Cooper for US$286 million
  3. What cabinet reshuffles and a UK-China free-trade deal might mean for the tyre industry
  4. Guizhou/Advance Tyre release further Vietnam factory plans
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Cooper Tire acquiring majority share in Chinese truck tyre maker

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It’s now over a year since Cooper Tire & Rubber completed the sale of its share in the Cooper Chengshan (Shandong) Tire Company Ltd joint venture. At the time, company chairman, chief executive and president Roy Armes mentioned that Cooper would “identify and develop alternative sources” for the tyres produced at the Cooper Chengshan plant; he identified a further joint venture as one potential option. The tyre maker reports it has realised this alternative source and has entered into an agreement to purchase a majority of China-based Qingdao Ge Rui Da Rubber Co., Ltd (GRT).

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If you are not yet a Tyrepress or Tyres & Accessories subscriber, you can change that here.

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Becoming a member has benefits such as:

  • Read our sector-leading articles in full
  • Full analysis of tyre business segments
  • Read Tyres & Accessories magazine online/in print

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Related news:

  1. Chinese JV exit gives Cooper Tire flexibility to plan for a changing tyre market
  2. Cooper: Chengshan worth US$440 million, say valuers
  3. Chengshan to buy out Cooper for US$286 million
  4. Chengshan forms new JV with investment group
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