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ZC Rubber offers IPO update, Thailand factory supports profit in 1H 2022

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ZC Rubber

Hangzhou Zhongce Rubber Co. Ltd (ZC Rubber) recently issued an update on the progress of its initial public offering (IPO). According to the data, Zhongce Haichao (a company established by four local Hangzhou enterprises in 2019 in order to invest in ZC Rubber, namely Hangzhou Great Star Industrial Co., Ltd., Hangcha Group Co., Ltd., Juxing United Holding Group Co., Ltd., and Hangzhou Haichao Enterprise Management Partnership (Limited Partnership) holds 41.08 per cent of the tyre manufacturer’s shares and is the company’s controlling shareholder. Qiu Jianping and his daughter Qiu Fei hold 46.95 per cent of the shares and corresponding voting rights of ZC Rubber through Zhongce Haichao and several other companies and therefore control ZC Rubber.

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  1. ZC Rubber’s Thailand factory in production
  2. Jiangsu General investing US$300 million in Thailand tyre plant
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  4. ZC Rubber preparing for IPO
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Toyo Tire outperforms first-half 2022 forecasts

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Toyo

Toyo Tire Corporation achieved a 20 per cent year-on-year increase in net sales in the first half of 2022, with the total rising to 223,667 million yen (£1.373 billion; 1.626 billion euros). At the same time, operating income came in at 25,972 million yen (£160 million; 189 million euros) in the first half of 2022. Both figures outperformed the companies first-half 2022 forecasts.

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  1. Toyo Serbia started tyre production in July, US exports prioritised
  2. Toyo Fund Supports Overseas Projects
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Aeolus and Doublestar both report sharp declines in net profit

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Doublestar

Aeolus and Doublestar recently reported operating results for the first half of 2022. Both show sharp declines in net profits for the two companies that have controlling interests in global tyremakers Prometeon and Kumho respectively.

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  1. Serbia open for business
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ETRMA members report stability for most segments in 2017

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With the exception of agricultural tyres, sales of tyres produced by European Tyre and Rubber Manufacturers’ Association (ETRMA) members were generally stable in 2017. The ETRMA reports that its members sold 204,838,000 replacement market consumer tyres (passenger car, SUV and light commercial vehicle tyres) in 2017, 0.9 per cent fewer than a year earlier. Sales of original equipment consumer tyres (including in the Turkish market) were up during the year, increasing 0.7 per cent to 86,779,000 units in 2017.

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  1. Tyre unit sales stabilised amongst ETRMA members during Q3 2014
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ETRMA: Tyre sales down in Q2 2016

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The European Tyre Manufacturers’ Association (ETRMA) reports a sluggish second quarter of 2017. According to the association, members’ sales “slowed down significantly” during the three months to 30 June compared with the first quarter of the year, and were also below sales achieved in the second quarter of 2016. Performance in all segments was negative, however this trend was particularly strong in the consumer segment.

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  1. Tyre unit sales stabilised amongst ETRMA members during Q3 2014
  2. European tyre markets up across all segments in 1H 2014
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ETRMA: Slight rise in consumer, truck tyre sales, agri segment decline continues

Replacement tyre sales figures for European Tyre and Rubber Manufacturers’ Association members show the market for their products in the second quarter of 2016 was less dynamic than in the first. The ETRMA notes that this was particularly the case for consumer tyres in the month of June, when sales declined by two per cent.

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  1. Sales of European consumer, truck tyres up, imports enjoy higher growth
  2. European tyre markets up across all segments in 1H 2014
  3. ETRMA reports “positive stability” in members’ 2014 sales
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Sales of European consumer, truck tyres up, imports enjoy higher growth

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Sales of car, truck and two-wheeler tyres amongst European Tyre and Rubber Manufacturers’ Association members increased year-on-year during the first quarter of 2016, however agricultural tyre sales continued to decline.

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  1. ETRMA: Slight rise in consumer, truck tyre sales, agri segment decline continues
  2. European tyre markets up across all segments in 1H 2014
  3. ETRMA: Tyre sales down in Q2 2016
  4. ETRMA members report stability for most segments in 2017
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Tyre unit sales stabilised amongst ETRMA members during Q3 2014

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Unit sales for tyre makers belonging to the European Tyre and Rubber Manufacturers Association were stable in on-road segments during the third quarter of 2014, while the agricultural segment experienced a year-on-year decline. Unit sales of passenger car tyres increased 1.4 per cent to 58,409,000 pieces, a development the ETRMA attributes to a growth in new car registrations. Commercial vehicle tyre unit sales remained relatively flat, declining only 0.23 per cent to 2,552,000 pieces, while two-wheeler tyre sales were up 0.90 per cent to 1,797,000 units. The only area of the market where ETRMA members saw major movement was in the agricultural segment, and this was movement of the unwelcome variety, as unit sales dropped 8.97 per cent to 386,000 pieces.

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European tyre markets up across all segments in 1H 2014

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The European Tyre and Rubber Manufacturers Association (ETRMA) has published figures showing that is members experience sales increases across all segments in the first half of 2014.

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  1. Tyre unit sales stabilised amongst ETRMA members during Q3 2014
  2. Sales of European consumer, truck tyres up, imports enjoy higher growth
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  4. 2018 UK truck tyre market data overview
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