On 4 September 2020 Guizhou Tyre Co. Ltd’s board of directors approved plans for a private share issue. The plan was to raise 1 billion yuan in funding via the sale of now more than 200 million shares to 35 selected investors. By 11 September, the company had received the green light from the state-funded Guiyang Industrial Investment Holding Group Co., Ltd. that it would purchase no less than 43.5 per cent of the issued shares.
Dongying Fangxing Rubber Co., Ltd. was founded in 2000 in Shandong Province’s Guangrao county. According to the company, Fangxing is one of the national top 100 companies in Shandong Province. The firm’s tyre factory covers an area of 600,000 square metres and has over 2000 employees, including 200 technical personnel. The firm describes itself as “a new enterprise specialising in tyre research and development, manufacture and sales -with 2 billion yuan of fixed assets”.
On 22 September 2016 Doublestar Europe Ltd was registered as a UK company based in London. Tyres & Accessories understands that the company is a joint venture between Zenises and growing Chinese tyremaker Qingdao Doublestar designed to bring Chinese products into European markets.
Shandong-based Qingdao Ditrip Tyre Co., Ltd. is promoting its winter tyre products ahead of May’s Reifen show in Essen, Germany. According to the company, all Ditrip’s tyres bear the e-mark, s-mark and EU label and are competitively priced.
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.
Sumitomo Rubber Industries, Ltd. (SRI) is to support the Red Bull Air Race Chiba 2016 as an official partner through the Falken Tyre brand for the second year in a row
The Red Bull Air Race Chiba takes place on 4-5 June 2016 at the Makuhari Seaside Park, Mihama Ward, Chiba, known as the birthplace of civil aviation in Japan. It is the third of eight races on this year’s Red Bull Air Race World Championship calendar.
On 29 September Marco Polo Industrial Holding S.p.A purchased 45,143,033 ordinary Pirelli & C. S.p.A. shares representing approximately 9.5 per cent of the company and 190,307 savings shares from certain investment funds managed by Paulson at a price of Euro 15.00 per share.
The Yokohama Rubber Co., Ltd. has announced that Shigeo Komatsu will take on new management responsibilities, effective 15 May 2015. Shigeo Komatsu, who is currently director and managing corporate officer, head of Global Procurement Div., in charge of Corporate Finance & Accounting Dept., president of Yokohamagomu Finance Co., Ltd; adds president of Yokohama Rubber Singapore […]
All-steel truck radial tyre manufacturer Dynacargo began exporting to the United States earlier this year. According to online news reports, Dynacargo (a member company of Shaanxi Yanchang Petroleum (Group) Co., Ltd.-Kaidi Xixiang Company) has gained permission from Shaanxi Entry-Exit Inspection and Quarantine Bureau to export to the North American market.