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The tyre business along with the rest of the automotive industry was hit hard by the effects of coronavirus. This tag brings you the latest news as it happens.

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China’s tyre industry under the wave of infections

Kelly Sikkema; Unsplash

With the relaxation of epidemic prevention and control policies, China has experienced a large-scale infection wave since early December. Many tyre factories have experienced or are experiencing worker shortages. The Lunar New Year in China is likely to see hundreds of millions of people to move around the country, leading to a more rapid spread of Covid-19. It is difficult to predict when China will shake off the epidemic’s impact; for the Chinese tyre industry, the current wave of infections is both a challenge and an opportunity.

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Related news:

  1. Shandong tyre companies implement closed-loop management
  2. ZC Rubber resumes full tyre production
  3. Tyre importers should plan for lack of space on ships and freight increases
  4. ZC Rubber’s “remarkable” 2020, new products & digital strategy
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Will the future be better? Year-end summary of China’s tyre industry in 2022

Javier Allegue Barros; Unsplash

At the end of 2022, China is gradually ending epidemic prevention and control, and the country’s tyre industry is keen to usher in the benefits. However, many professionals are still considering how to survive adversity during the same period, asking whether the future offers reasons for optimism. There is no doubt that we are at an important moment of historical change. With 2022 about to pass, Tyrepress China looks at the state of the business following a year of flux and crisis through the prism of ten key terms.

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Related news:

  1. Coronavirus’s impact on the tyre business
  2. Guangrao Tire Exhibition (GRTAE) postponed
  3. No CITExpo show in 2020
  4. Pessimistic Chinese tyre industry: what does the future hold?
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Sailun Dongying factory finds Covid-19, but deemed low risk

Sailun

In order to prevent the spread of the Covid-19 virus, China has divided the entire country into two areas: high-risk areas and low-risk areas. When the Covid-19 infection is found in a particular place, the government labels it as a “high risk” area and implements stricter epidemic prevention policies. On 4 December 2022, the Sailun Dongying factory was listed as a high-risk area. A day later, on 5 December the local authority adjusted the tyre factory to a low-risk area.

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Related news:

  1. Triangle’s four tyre factories in China at 90%
  2. Sailun: 7 million tyres sold in Europe and counting
  3. Rebuilding Sailun: Multi-billion dollar plans for new tyre and materials factories analysed
  4. China’s moves to relax zero Covid policies good news for the tyre industry
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Pessimistic Chinese tyre industry: what does the future hold?

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Christian Lue; Unsplash

2022 has been a challenging year for the Chinese tyre industry. This year is coming to an end, but a feeling of anxiety is crossing regions and classes and spreads throughout the industry. From manufacturers to distributors, from vulcanisation workshop workers to corporate executives, many professionals are asking the question: Where is the future of China’s tyre industry?

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Related news:

  1. The top 10 listed Chinese tyre companies 2022
  2. Sailun rising: China’s listed tyre companies ranked in 2022 Q3
  3. Chinese tyre makers off-shoring in Southeast Asia
  4. Chinese listed tyre companies release third-quarter results
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Shandong tyre companies implement closed-loop management

Önder Örtel; Unsplash

Shandong Province, one of the leading tyre production areas in China, is once again affected by the Covid-19 epidemic. On December 1, there were 41 new confirmed cases and 623 asymptomatic infections in this area. To ensure production can continue, two tyre companies have announced the implementation of closed-loop management.

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Related news:

  1. Several Guangrao tyre companies have stopped or limited production
  2. Coronavirus’s impact on the tyre business
  3. Auto industry will look to China for rebound insights – GlobalData
  4. Guangrao Tire Exhibition (GRTAE) postponed
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China’s moves to relax zero Covid policies good news for the tyre industry

Martin Sanchez; Unsplash

On 11 November 2022, Chinese authorities issued a notice on how to proceed with the next phase of COVID-19 prevention and management. The statement’s content shows that the Chinese government is still adhering to the policy of “dynamic clearing”, but it has relaxed controls to a certain extent. And that’s good news for the tyre industry as one practitioner told us: “The fight against COVID-19 may not end in a short period in China. However, if the anti-epidemic policies in the next stage can reduce the negative impact on the economy, it will undoubtedly benefit China’s tyre industry.”

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Related news:

  1. Coronavirus’s impact on the tyre business
  2. Triangle’s four tyre factories in China at 90%
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  4. Guizhou Tyre reports increased production and sales
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Several Guangrao tyre companies have stopped or limited production

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Xuda Wang

Guangrao County in Dongying City seems to have gone silent in a short period. On October 20, Guangrao detected an asymptomatic case of Covid-19. Then things seemed to get serious. Data from the Dongying Municipal Health Commission showed that from the 22 to the 30, new asymptomatic patients of Covid-19 were found in Guangrao daily. The government launched a response policy in a short time. According to Guangrao residents, since the 23, some communities have asked people to stay at home, and some factories require closed-loop management.

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Related news:

  1. Auto industry will look to China for rebound insights – GlobalData
  2. ZC Rubber resumes full tyre production
  3. ZC Rubber’s “remarkable” 2020, new products & digital strategy
  4. Prinx Chengshan: Increased profits despite corona
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Tire Technology Expo postponed

UKi Media & Events, the organiser of Tire Technology Expo has postponed this year’s show in Hannover “due to the current rapid escalation of the Omicron variant of Covi-19 throughout Europe.” The 2022 edition will now take place 18-20 May at the Deutsche Messe, Hannover, Germany. 

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  1. Visitors from China face restrictions at TTE
  2. Michelin pulls out of The Tire Cologne
  3. Latin American & Caribbean Tyre Expo postponed until November
  4. Tires & Rubber show postponed – but only for 2 months
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Tyre shortage slowing North Korea down

According to US government-funded news service Radio Free Asia (RFA), North Korea is facing a shortage of tyres that is forcing many vehicles off the road. RFA explains that the tyre shortage results from the two-year-long border closure and trade ban with China imposed to stop the spread of COVID-19. It adds comments from sources who say domestic tyre production is “negligible” and importing these products has been “almost impossible.”

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  1. Covid-19: Hankook pauses plant production
  2. Tyrexpo Africa postponed due to coronavirus
  3. No CITExpo show in 2020
  4. TRIB partnering with Tyrexpo Asia – Inter-Sprint & Tyreworld exhibiting
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Kwik-Fit owner ETEL set for FY22 break-even after FY21 loss

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Itochu

Itochu’s European Tyre Enterprises Ltd (ETEL) business, which owns Kwik-Fit, Stapleton’s and now Murfitts Industries, posted a loss of 3.6 billion yen (£22.97 million; 27.54 million euros; US$31.55 million) for the financial year ended 31 March 2021. According to Itochu’s annual report, which was published on 17 December 2021, ETEL will return to break-even in full-year 2022 results.

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  1. Kwik Fit owner Itochu prepares for sale scenario
  2. Itochu sold 26 Kwik-Fit freeholds in the first half of 2020
  3. ETEL announces senior promotions, new management team
  4. Kwik Fit expansion: Bath added to target list of 25 towns and cities
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LAMMA postponed until May

COVID-19 is limbering up to cast its shadow over us for a third year, and exhibition organisers are cancelling or postponing shows scheduled for the early months of 2022. Agricultural sector fair the LAMMA Show is the latest to announce that it won’t take place on the previously announced dates.

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  1. New dates for SIMA show
  2. ‘Drastic decline’ – ETRMA releases members’ Q1 2020 sales figures
  3. Milestone to one side as Saracens Tyres sticks to customer-first approach
  4. Latin American & Caribbean Tyre Expo postponed until November
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Brits too attached to part with their cars as only 1 in 10 families gave up second car in lockdown

New research by Volkswagen Financial Services UK (VWFS) has found that only one in ten families have given up their second car since March 2020, despite additional finance pressures during lockdown and a sharp decline in miles travelled. The study from Volkswagen Financial Services UK shows that Brits are too attached to part with their extra cars, despite a huge reduction in commute pressures and daily miles travelled across the UK. Data shows that despite many families no longer requiring an additional vehicle, only 9 per cent of people gave up their second car.

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  1. Strong start to 2014 for European new car sales
  2. Kumho study shows widespread ignorance
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Torque from the Top – Andy Fern, Stapleton’s managing director

Stapleton’s

So far, the majority of our ongoing Torque from the Top series of interviews with leading players in the UK tyre business have been with executives hailing from the manufacturing side of things. This month we redress the balance by engaging with Andy Fern who is the managing director of one of the UK’s largest tyre wholesale businesses, Stapleton’s. Here he talks us through the resilience of staff and customers during the turbulent couple of years we have all experience and details the “seismic shift in the market” that has come with increase online demand from consumers.

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Related news:

  1. Andy Fern becomes MD of Stapleton’s
  2. Stapleton’s ‘Wholesaler of the year’ crown an ‘extra special achievement’
  3. 2017 marks 80 years of growth and innovation at Stapleton’s
  4. ‘The online tyre market has moved on two or three years’ – MTS
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Michelin: YTD sales up 15.6% to €17.2 billion

Year-on-year comparisons of financial performance tell us arguably more about global events than an individual company’s economic trajectory at the moment. Thus, it came as no surprise a few months back when Michelin reported much healthier first-half results compared with pandemic-riddled 2020. Similarly, eyebrows aren’t raised now when the company notes the impact of rising materials, shipping and energy costs as well as a shortage of semiconductors and labour shortages upon its performance in Q3 2021.

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Related news:

  1. Michelin reports reduced sales, income for 2020
  2. Michelin: Volumes up 7.5% in Q1 2021
  3. Goodyear defers dividend as volumes drop 18% in Q1 2020
  4. Nokian Tyres: Lower sales & earnings in 2020
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