Following yesterday’s confirmation that Triangle is going ahead with the initial public offering (IPO) on the Shanghai stock exchange the company planned last year, the company has revealed a number of other key details.
On 21 June Shandong Linglong Tyre Co Ltd announced it would issue 200 million shares of common stock at 12.98 yuan per share as part of its initial public offering (IPO) on the Shanghai Stock Exchange. At the time, the company said it expected to raise roughly 2.60 billion yuan, which various news sources suggest is intended to fund investment in new tyre production lines.
On 2 June, US carbon black manufacturer Cabot said it will open a research centre in Shanghai to develop “clean technologies and specialty chemicals”.
When it comes to the highly competitive UHP tyre sector, Shanghai based international Contract Tyre Manufacturer – SD-International offers three equally distinctive patterns for the UK and European markets.
Show organisers Messe Essen and CURC described Reifen China 2013 as a “total success” when it comes to showing tyre, wheel and garage equipment. The show is said to have occupied a total area of 11,500 square metres, 15 per cent more than one year ago.
Organisers of the Reifen China Asian tyre market trade fair report that the show is “ready to go” and about to kick off. The event runs from 11 – 13 November 2015 in Shanghai’s New International Expo Centre.
Reifen China is organised by Messe Essen and the China United Rubber Corporation who say they are expecting around 100 tyre, and retread-related exhibitors from China, Germany, India, Italy, Japan, Malaysia, Spain and Russia.
In response to the rapidly expanding Automechanika Shanghai, Asia’s largest trade fair for automotive parts, accessories, equipment and services will be newly located at the National Exhibition and Convention Center, Puxi, Shanghai. It will house the enlarged 280,000 square metres of exhibition space, which is a nearly 30 per cent increase from last year and completely sold out for the December 2-5 show.
The 2015 edition of the China International Tire Expo opened on 9 September in Shanghai with around 350 exhibitors – the show’s most ever. The sustained growth represented by these numbers has led to the decision by organiser Reliable International Exhibition Services to transfer CITExpo to the Shanghai World Expo Exhibition and Convention Center (SWEECC), built in the centre of the 2010 Shanghai World Expo site. The show also boasts strong continuity, with around 80 per cent of 2014 exhibitors back in 2015, according to Reliable; in past years the organiser has come to expect a similar proportion of its customers booking their space for the following year during CITExpo.
The 2015 edition of the China International Tire Expo opened Wednesday in Shanghai, with around 350 exhibitors – the show’s most ever. The sustained growth represented by these numbers has led to the decision by organiser Reliable International Exhibition Services to transfer CITExpo to the Shanghai World Expo Exhibition and Convention Center (SWEECC), built in the centre of the 2010 Shanghai World Expo site. The show also boasts strong continuity, with around 80 per cent of 2014 exhibitors back in 2015, according to Reliable; in past years the organiser has come to expect a similar proportion of its customers booking their space for the following year during CITExpo.
Already possessing a convincing claim to being China’s biggest tyre show, the 13th CITExpo on 7-9 September 2015 will be the last at the Shanghai Everbright Convention & Exhibition Centre. Having expanded to include an extra hall in 2014, exhibition organiser, Reliable International Exhibition Services will, in 2016, transfer the show to the modern surroundings of the Shanghai World Expo Exhibition and Convention Center (SWEECC), built in the centre of the 2010 Shanghai World Expo site. The move highlights the strong growth of CITExpo, whose move to a modern, world-class facility caps many years of apparent exhibitor and visitor growth.
The eighth annual “Asian Essen”, Reifen China took place at the Shanghai New International Expo Centre in the first week of December, with some of the Chinese tyre industry’s major players rubbing shoulders for the last time in 2014. The European side of the Sino-German partnership behind the annual show, Messe Essen stated that it expected the presence of around 120 exhibitors in hall W1 and 15,000 trade visitors. This latter figure, unconfirmed at the time of writing, takes into account the other three-quarters of the twin exhibition; RubberTech China 2014 and the International Exhibition on Rubber & Elastomer, led by the China United Rubber Corporation, comprised around 500 exhibitors across another three halls (W2-4). Messe Essen CEO, Oliver P Kuhrt stressed the importance of the ‘Reifen’ brand’s presence in China, stating in his introduction to the show that it “stands for the success of a fair made in Essen extending across borders”. With about two thirds of the exhibitors at May’s Reifen 2014 visiting Essen from outside Germany, Messe Essen also noted the importance of Reifen China in recruiting Asian participants, whose attention the exhibition organiser has drawn in Shanghai.
Automechanika Shanghai’s organisers (Messe Frankfurt) report that the auto parts show is concentrating its efforts on providing an “outstanding” and “insightful” event this year. Scheduled to take place from 9 – 12 December at the Shanghai New International Expo Centre in China, the fair is described as the world’s second largest Automechanika
Automechanika Shanghai’s organisers (Messe Frankfurt) report that the auto parts show is concentrating its efforts on providing an “outstanding” and “insightful” event this year. Scheduled to take place from 9 – 12 December at the Shanghai New International Expo Centre in China, the fair is described as the world’s second largest Automechanika. It focuses on automotive parts, accessories, equipment and services, by providing a comprehensive showcase on the future of automotive after-service development in the region.
The Altenzo tyre brand, which is owned by Chinese alloy wheel maker PDW Group, used Citexpo 2014 as the platform for a world-first addition to its UHP range.
The show saw the long-awaited release of the Altenzo Sports Comforter in 245/25 R22, which according to the company makes the firm the first in the world to make this size available for mass production.
Following the news that PCL couplings will now no longer be gold in colour, Tyres & Accessories visited the company’s Sheffield manufacturing. After this – in order to get a more global perspective – T&A visited PCL’s China operation and interviewed local general manager Robert Wang. China is, of course, a key growth market for many in the automotive and automotive aftermarket industries who are seeking to capitalise on the country’s strong manufacturing base, huge population and growing middle class. PCL is no-different, having relatively recently established its Shanghai operation as a means of getting a foothold in China. However it is also a complex market where market saturation and counterfeiting are barriers to entry and development.
