During the recent IAA 2022 truck event in Germany, Chinese tyremaker Prinx Chengshan released its TH155 truck tyre pattern. The new trailer hybrid, OE oriented tyre is described as having “outstanding overall performance”, something that is attested by its “A” and “B” ratings for wet grip and fuel consumption on the European tyre label (in 385/65 R22.5). The tyre will be marketed under the Austone ATH155 and Fortune FTH155 brand names.
Prinx Chengshan Holdings Limited and its subsidiaries report selling 9.394 million tyres during the six months to 30 June 2022, a year-on-year increase of 3.3 per cent. From this total, 3.333 million were all-steel radial tyres and 5.919 million semi-steel radials. Cross-ply tyres accounted for some 142,000 pieces.
Prinx Chengshan and leading Chinese e-commerce firm JD.com have reached a strategic cooperation agreement. The deal will see JD.com’s automotive department distribute Prinx brand electric vehicle tyres, a new product launched by Prinx Chengshan in 2022, amongst other things.
When Prinx Chengshan presented its flagship Prinx tyre brand at The Tire Cologne in May, talk was of its introduction in European markets later in 2022. The tyre maker also displayed a pair of Prinx tyres scheduled for launch in China ahead of the brand’s arrival here. These tyres have now hit the market in the People’s Republic and signal the brand’s repositioning as a range “born for the electric age.” Prinx Chengshan will show them off the China International Tire & Wheel Fair in Qingdao this week.
Prinx Chengshan is rolling out a new range of European market truck tyres under the Austone and Fortune brand names, and its efforts recently gained a boost when TÜV SÜD awarded the DR606 drive axle pattern its test mark. The tyre maker officially received this distinction during The Tire Cologne, when the head of the TÜV SÜD tyre testing team presented Prinx Chengshan its certification.
Point S Tyre & Autocare is exhibiting alongside its truck tyre distribution partner, International Tyres, at this year’s Commercial Vehicle Show. The stand will showcase the Fortune truck tyre range, alongside Point S’ range of high-quality car and van tyres.
The difficulties that tyre makers are facing at present were reflected in Prinx Chengshan Holdings Limited’s financial results for 2021. Although company revenue increased 20 per cent year-on-year, a “significant increase in raw material prices and ocean freight rates” dragged gross profit down by approximately 24.7 per cent.
Prinx Chengshan has unveiled a new flagship passenger car tyre range in the company’s home market. Called “华” (Hua), the Chengshan tyre is crammed with innovations that the manufacturer claims elevate it to the standards of international first-line brands. In addition to offering high durability, wear resistance and mileage potential, as well as low rolling resistance, Prinx Chengshan points out aesthetic highlights – Hua is the first domestic tyre line in China to feature velvet textured sidewalls.
Adrian Costache is the new sales director for the Austone, Fortune and Chengshan tyre brands in Europe. He began in this role on 1 February and reports directly to Thomas Wohlgemuth, managing director of Prinx Chengshan Tire Europe. As sales director, Costache is responsible for complete price management as well as European sales for both passenger car and commercial products.
Prinx Chengshan Holdings Limited and its subsidiaries have issued a profit warning to shareholders and potential investors. The company’s Board of Directors informs that although they anticipate group revenues for 2021 increasing by approximately 20 per cent year-on-year (2020 revenue: 6.28 billion yuan), they project that net profit will decline by approximately 50 per cent year-on-year, to an expected 260 million to 330 million yuan (£30.8 million to £39.1 million).
When the China Petroleum and Chemical Industry Federation announced its list of most energy efficient companies within the petrochemical industry (for 2020) in October, it recognised tyre maker Prinx Chengshan as a leading ‘Energy Efficiency Benchmark Company’ for the sixth year in a row. Prinx Chengshan attributes these half-dozen consecutive accolades to its focus on sustainability in recent years, including energy and materials conservation as well as efforts to promote a circular economy.
With some 22,000 people visiting this year’s NUFAM commercial vehicle trade fair in Germany between 30 September and 3 October, attendance numbers were around 85 per cent of those at the last pre-Covid show in 2019. These visitors met with numerous tyre industry exhibitors, including Prinx Chengshan Tire Europe GmbH, which was there to launch its commercial vehicle tyre portfolio for Europe.
Prinx Chengshan Tire Europe is launching its commercial vehicle tyre programme throughout Europe at the NUFAM 2021 commercial vehicle show, which will take place in Karlsruhe, Germany between 29 September and 3 October. The company will present a range of tyres for trucks, buses and trailers that covers regional transport, long-haul transport and construction site applications under the Austone brand name, as well as Fortune van tyres.
With the opening of its new central warehouse last month, Prinx Chengshan can now supply its wholesale customers in all parts of Europe with locally-held stocks. The new Prinx Chengshan Tire Europe GmbH facility is situated in the south of Germany, and initially it will exclusively stock Fortune passenger car tyres.
Prinx Chengshan
Prinx Chengshan
Prinx Chengshan