China’s largest tyre manufacturer, ZC Rubber, plans to list on the Shanghai Stock Exchange and has entered the pre-listing tutoring stage. Recently, Hangcha Group, one of the principal shareholders of ZC Rubber, confirmed the news. The institution that conducted ZC Rubber’s pre-listing tutoring is China Securities.
Since March 2022, China’s government has imposed strict lockdown policies on several cities in response to the rapid spread of COVID-19. Shanghai, the economic centre of China, is one of the core lockdown areas. According to information available to Tyrepress, it appears the entire industry is feeling the restrictions hitting production, logistics and retail in Shanghai and surrounding cities.
The organizing committee of Citexpo have announced that the next edition of the Chinese tyre trade show will run from 12-14 December 2022 at the Shanghai World Expo exhibition centre. The last Citexpo (the 17th edition) was held in the summer of 2019 before the global Covid-19 pandemic caused havoc with largescale in-person events.
Shanghai tyre and wheel trade show, China International Tire Expo (CITEXPO), has been “postponed until 16-18 August 2021” due to the COVID-19 pandemic. The show – the largest event of its kind in China – will take place at the Shanghai World Expo Exhibition & Convention Center, its venue since 2016. The annual show has a strong emphasis on international business visitors, with representatives of 120 countries attending each year. The announcement confirms our report that there would be no CITExpo in 2020 earlier this month.
Goodyear has taken its first win since its return to international motorsport in 2019 at the third round of the 2019/20 FIA World Endurance Championship (WEC) in Shanghai. The Jota Sport Oreca of Roberto Gonzales, Anthony Davidson and Antonio Felix da Costa won after a race-long battle with its sister Goodyear-shod Jackie Chan DC Racing car of Ho-Pin Tung, Gabriel Aubry and Will Stevens. The Jota Sport triumph marked the first Goodyear win in an FIA World Championship race since Michael Schumacher and Ferrari in the 1998 Italian Grand Prix.
The IBIS (International Bodyshop Industry Symposium) global conferencing platform and the international Automechanika trade fair brands are coordinating their schedule, meaning the upcoming Automechanika fairs in Shanghai and Frankfurt will each feature an IBIS regional event.
The 13th edition of Automechanika Shanghai opens its doors on 29 November 2017. This year exhibition space has increased by 9 per cent to 340,000 square metres, and for the first time ever will cover 15 halls of the National Exhibition and Convention Center in Shanghai.
The 15th edition of the China International Tire Expo (CITExpo), and its second at the Shanghai World Expo Exhibition & Convention Center, opened its two-hall, 40,000sqm exhibition space at a time of uncertainty for the Chinese tyre industry – especially the aspirational medium and small sized companies the show tends to attract as exhibitors. Two factors that promise to change the shape of the industry provided a backdrop for the show: in Europe, the European Commission announced its intention to initiate an anti-dumping proceeding focusing on imports of truck and bus tyres originating in the People’s Republic, prompted by the “coalition against unfair tyres imports,” a group representing the interests of manufacturers accounting for more than 45 per cent of all new and retreaded truck and bus tyre production in the European Union. Meanwhile in China, the government’s crackdown on certain factories for environmental reasons looks likely to affect some tyre manufacturers’ pricing structure at best, and ability to continue to operate at worst. Tyres & Accessories spoke to one representative who suggested that some factories could struggle to meet demands as the availability of raw materials for tyre production is affected by the state mandated closures.
ExxonMobil has started construction on a multi-million dollar expansion of its Shanghai technology centre in China. The expansion is expected to be complete in early 2018 and will include a new R&D facility.
Reifen China 2016 open its doors at the Shanghai New International exhibition centre today – 1 December. The show organised by Messe Essen in partnership with CURC and co-located with RubberTech appears to have attracted similar numbers of exhibitors and visitors as it did 12 months ago, with much talk at the show related to the pressure overcapacity and US import tariffs have put on the manufacturing business.
Reifen China, which is described as “the trade fair for the Asian tyre market” is ready to run from 1 to 3 December 2016. The show is being held at the Shanghai New International Expo Centre in the Pudong area of the city.
Reifen China, which is organised by China United Rubber Corporation and Messe Essen will present wheels, tyres, repair material, valves, garage equipment and accessories amongst other products.
Dunlop-shod Signatech Alpine became 2016 FIA World Endurance (WEC) LMP2 champions at 6 Hours of Shanghai, the penultimate round of the championship, having finished fourth. The race was won by G-Drive Racing, also on Dunlop rubber, in its second consecutive victory. Additionally the ByKolles CLM claimed its first win of 2016 in the LMP1 Privateer class.
By the time Tyres & Accessories caught up with Davanti Tyres towards the end of CITExpo, the team was looking back at a full year of trade fairs – the Shanghai show was the company’s last major exhibition for 2016. Yet although Davanti Tyres is now taking a breather from the show circuit, its work promoting the brand continues.
Now in its 14th year, the China International Tire Expo, or CITExpo, returned to Shanghai in September – but not to the venue where it was held over the past decade, as 2016 was the tyre trade show’s first year in a larger, more modern and attractive location – a site that offers CITExpo the room to grow in future. Tyres & Accessories attended the exhibition between 26 and 28 September, and on the final day caught up with the organiser to find out how the first CITExpo at the Shanghai World Expo Exhibition and Convention Center (SWEECC) went.
Triangle Tire’s initial public offering (IPO) got underway as planned on 9 September with the company becoming a public traded entity on the Shanghai Stock Exchange. The listing became active 10 September 2016 following approval by the China Securities Regulatory Commission (CSRC) on 19 August 2016.