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Sailun rising: China’s listed tyre companies ranked in 2022 Q3

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Sailun

Based on stock market reporting for the third quarter of 2022, the top nine Chinese listed tyre companies ranked by revenue are Sailun, Linglong, Triangle, Huayi (the holding company of Double Coin), Guizhou Tyre, Sentury, Aeolus, Jiangsu General, and Doublestar. (The leading Chinese tyre company according to Tyrepress global rankings is ZC Rubber (Hangzhou Zhongce), but it is not listed.) The figures show that Sailun has completed a meteoric rise this year to become the Chinese tyre industry’s stock market leader, with an income of more than 6 billion yuan in the quarter, putting it within reach of the global top 10 tyre manufacturers.

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Goodyear to regain number 3 global PCLT tyre volumes ranking – Astutus Research

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With the addition of the Cooper Tire business, Goodyear will return to the global number three ranking in passenger car and light truck (PCLT) tyre volumes in 2021. After previously holding the clear number three ranking behind the world’s largest tyre manufacturers, Bridgestone and Michelin, Goodyear was joint third with Continental in both 2017 and 2018. In 2019, Goodyear fell behind Continental to fourth position in 2019 and 2020. Working on a pro forma basis combining original equipment and replacement market tyres, Astutus Research data reveals some interesting facts about the nascent conjoined organisation, with reference to their largest tyre business segment in terms of volume.

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  1. Is Continental about to break into PCLT tyre global big 3?
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SMPE aims for ISO environmental accreditation

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Standard Motor Products Europe (SMPE), one of the UK’s largest independently owned automotive parts manufacturers and suppliers, is working towards its ISO14001:2015 accreditation, reflecting the company’s commitment to tier 1 customers and improved environmental performance.

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Toray admits tyre cord data falsification

At the end of November, Japan’s Toray Industries admitted to 149 cases of quality data falsification at a materials-making subsidiary that span eight years. According to a report by Reuters, the firm said the cheating involved tyre-strengthening cord that was sold to 13 clients by Toray Hybrid Cord.

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Cooper Tire Tupelo, Clarksdale plants gain environmental quality recognition

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The Mississippi Department of Environmental Quality (MDEQ) has recognised Cooper Tire’s Tupelo and Clarksdale, Mississippi plants as members of its environmental stewardship enHance initiative. A voluntary programme consisting of three-year membership terms, the enHance initiative, which stands for “envision heightened awareness nurturing conservation and environmental excellence,” recognises committed environmental leaders in Mississippi that put in place environmental initiatives beyond those that are required.

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‘Real life’ emissions tests to be introduced next year

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Existing lab tests designed to ensure emission limits are met have been shown to be inadequate and this is why the UK has secured a tough new Europe-wide ‘real driving emissions’ test. From next year, vehicles will have to meet emissions limits in real driving conditions across a wide range of typical operating temperatures. This will improve consumer confidence in manufacturers. The UK will be working to ensure that the new rules for real driving emissions and type approval are robust, deliver the expected outcomes and that manufacturers behave consistently.

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