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You are here: Home1 / Taiwan

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Cheng Shin launching 40 million tyre capacity expansion in China

International News
Cheng Shin

Luo Yongli, deputy general manager of the company, recently told a briefing that he is optimistic about the operation of Cheng Shin in 2023. In the past, Cheng Shin has reportedly significantly reduced capital expenditures to combat adversity in the operating environment. But with the overall situation expected to improve, the tyre maker will start expanding production capacity, including launching a 40 million tyre capacity expansion plan at factories in mainland China.

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Related news:

  1. Maxxis re-appoints Dr Wally Chen as chairman
  2. Thailand woos global tyre manufacturers
  3. Report: Carbon black manufacturing is moving to China and India
  4. Maxxis/Cheng Shin investing $500 million in tyre factory construction and expansion
6th January 2023/by Xuda Wang

Federal Corporation chairman resigns

Career Tracks, International News
Federal

On 18 November, Federal Corporation stated that Chiang Ching Hsing, the company’s chairman and general manager, resigned. Chen Heng Kuan, who is also chairman and president of Nankang, held his position. According to analysts, both Chiang Ching Hsing and Chen Heng Kuan are representatives of Nankang Rubber on the Federal Corporation’s board of directors, and Chiang Ching Hsing’s departure will not bring about a massive change in Federal Corporation.

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Related news:

  1. Lin Junying becomes general manager of Nankang Rubber Tire
  2. Taiwan-based tyre manufacturers raising prices
  3. Nankang Tyre took over “management rights” of Federal in Q4 2021
  4. Nankang and Federal’s cumulative operating revenue declined
21st November 2022/by Xuda Wang

Four tyre companies release September results

Company News, International News
Cheng Shin

Recently, four Taiwanese tyre manufacturers, Cheng Shin, Nankang, Federal and Kenda, successively announced their September results. In September, Cheng Shin’s operating revenue was approximately NT$8.875 billion (about 244 million pounds, 280 million euros), an increase of 13.03 per cent over the same period last year.

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Related news:

  1. Taiwan-based tyre manufacturers raising prices
  2. Nankang Tyre took over “management rights” of Federal in Q4 2021
  3. Nankang and Federal’s cumulative operating revenue declined
  4. Kenda buys Starco
26th October 2022/by Xuda Wang

Cambrian Tyres appointed exclusive importer of Goodyear for UK and Ireland

UK News
Cambrian Tyres

On 3 October, Cambrian Tyres announced that it has been appointed as the exclusive importer of Goodyear Bicycle Tires for the UK and Ireland. Already a top-three global tyre company, Goodyear has been establishing itself as a leading brand within the global bicycle tyre segment since 2018 via a licensing agreement with Rubber Kinetics. Rubber Kinetics produce all Goodyear bicycle tyres at their “bicycle tyre specific research, development, and production centre in Taiwan”.

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Related news:

  1. Goodyear back in the cycling tyre business
  2. Goodyear investing 16.5 million euros in Montluçon motorcycle tyre production, ends light-truck tyre making
  3. Robust motorcycle sales in June
  4. Goodyear: Covid-19 not anticipated to impact customer service
18th October 2022/by Chris

Land development plan for Federal plant approved

International News
Federal

Recently, Taiwanese tyre manufacturer Federal disclosed to the public its recent operations, including land development plans associated with one of its factories. Federal has two factories in Taiwan, located in Chungli and Guanyin, with a total of 535 employees. The tyre maker said the Guanyin plant has an annual capacity of 3 million tyres; the Chungli plant has been suspended due to the implementation of anti-dumping duties by the United States.

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Related news:

  1. Groundbreaking held for Federal Tyres’ newest factory
  2. Taiwan-based tyre manufacturers raising prices
  3. Fire stops production at Federal’s Chungli tyre plant
  4. Fire breaks out at Federal’s Taiwan tyre factory
17th October 2022/by Xuda Wang

Kenda USA gets $35 million of funding from Huntington Business Credit

Company News, International News

On 28 June 2022, Huntington Business Credit announced it closed $35 million of new credit facilities with American Kenda Rubber Industrial Co. Ltd. (Kenda USA). According to Huntington Business Credit, the funds were used to “refinance existing indebtedness and provide ongoing working capital growth financing.

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Related news:

  1. CKT sale to have “no impact” on Kenda product supply
  2. Kenda buys Starco
  3. Tirescanner.com live in 42 US states, multi-million dollar funding close
  4. Fitch rating affirmation partially affirms Goodyear Cooper acquisition strategic logic
8th August 2022/by Chris

Nankang and Federal’s cumulative operating revenue declined

Company News, International News
WikiTravel

In the first week of August, Taiwanese tyre manufacturers Nankang and Federal successively released operating data for July 2022.

Nankang’s operating revenue in July was NT$660 million (about £18.22 million; 21.58 million euros), down 10.8 per cent from NT$740 million (about £20.42 million; 24.2 million euros) in the same period last year. From January to July, the tyre maker’s operating revenue was about NT$4.72 billion (about £130 million; 115 million euros), down 3.08 per cent year-on-year.

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Related news:

  1. Nankang Tyre took over “management rights” of Federal in Q4 2021
  2. Taiwan-based tyre manufacturers raising prices
  3. Nankang employee arrested for alleged kickbacks
  4. Groundbreaking held for Federal Tyres’ newest factory
8th August 2022/by Xuda Wang

Nankang Tyre took over “management rights” of Federal in Q4 2021

Company News, International News

According to Federal Corporation’s 2021 annual report, which was published in mid-May 2022, on 15 October 2021, “major shareholder Nankang Rubber Tire Corp. Ltd. Nankang Rubber Tire Corp., Ltd…called an extraordinary shareholders’ meeting to obtain the management right[s].” Federal and Nankang representatives have been contacted by Tyres & Accessories for comment.

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Related news:

  1. Taiwan-based tyre manufacturers raising prices
  2. Nankang employee arrested for alleged kickbacks
  3. Groundbreaking held for Federal Tyres’ newest factory
  4. Fire stops production at Federal’s Chungli tyre plant
17th June 2022/by Chris

Fire breaks out at Federal’s Taiwan tyre factory

International News
Screenshot from local media coverage

On the evening of 13 June 2022, a fire broke out at the tyre factory of Federal Corporation (formerly known as Taifeng Tire) in Zhongli City, Taoyuan, Taiwan. Black smoke from the fire was visible several kilometres away, according to local news reports.

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Related news:

  1. Fire stops production at Federal’s Chungli tyre plant
  2. Maxxis/Cheng Shin investing $500 million in tyre factory construction and expansion
  3. Groundbreaking held for Federal Tyres’ newest factory
  4. Maxion Wheels: Local sources say Spain plant out of action
14th June 2022/by Xuda Wang

Lin Junying becomes general manager of Nankang Rubber Tire

Career Tracks, Company News, International News

Nankang Rubber Tire Corp. Ltd. has announced that it has completed the re-election of directors and appointed Lin Junying as its general manager. According to Taiwan media reports, Lin Junying is the eldest daughter of Lin Xuepu, the deceased honorary chairman of Nankang and also an amateur racing driver.

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Related news:

  1. European FinTyre appoints Massimiliano Messina as CFO
  2. Apollo Tyres creates Chief Digital Officer role
  3. Tony Lee joins Kumho as senior vice-president of global marketing
  4. Roberto Righi becomes deputy general manager at Prometeon Tyre Group
10th June 2022/by Xuda Wang

Kenda wins Taiwan national quality award

International News
Kenda

Kenda has won the “Best Practice Award” for manufacturing quality during the 26th National Quality Awards in Taiwan. The award recognizes businesses that demonstrate high quality management and is the only award for business quality issued by the Executive Council in Taiwan. Kenda was one of just 15 to win the award.

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Related news:

  1. CKT sale to have “no impact” on Kenda product supply
  2. Trelleborg confirms Tractor of the Year participation, launches TM1000 campaign
  3. Pirelli awards recognize nine suppliers from around the world
  4. 10 Chinese rubber firms receive national green factory status
25th April 2022/by Chris

USA to introduce antidumping, countervailing orders on PLT tyres from 4 countries

International News

The United States International Trade Commission (USITC) has determined that passenger vehicle and light truck (PLT) tyres imported from Korea, Taiwan, and Thailand are being sold in the USA at prices that materially injure the local tyre industry. In addition, the U.S. Department of Commerce has determined that Vietnam’s government is subsidising PLT tyres that are then sold in the USA at “less than fair value.”

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Related news:

  1. USA approves anti-dumping duties on tyres from 4 countries
  2. USA retains duties on PLT tyres
  3. US sets antidumping duties for Chinese tyres
  4. USA: No antidumping and countervailing duties on Chinese truck & bus tyres
28th June 2021/by Stephen

USA approves anti-dumping duties on tyres from 4 countries

International News

Anti-dumping duties as high as 98% may be applied to passenger vehicle and light truck tyres entering the USA from South Korea, Taiwan, Thailand and Vietnam. The U.S. Department of Commerce announced on 30 December that it will instruct U.S. Customs and Border Protection to collect cash deposits from importers of these products.

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Related news:

  1. USW files anti-dumping petitions against Korea-, Taiwan-, Thailand- and Vietnam-made tyres
  2. USA sets final duties on CV steel wheels from China
  3. Chinese truck/bus tyres: US court partially rejects determination
  4. US market receives first Magna OTR tyre production from Thailand
4th January 2021/by Stephen

Maxxis re-appoints Dr Wally Chen as chairman

Career Tracks, Company News, International News
Former Maxxis International president Dr Wally Chen (pictured) is now Maxxis/Cheng Shin chairmanMaxxis International

Former Maxxis International president Dr Wally Chen is leaving retirement to assume the chairmanship of the company. Dr Chen, who oversaw Maxxis’ rise to the ranks of the world’s top 10 tyre companies, will assume the chairmanship effective immediately following a vote by the company’s board of directors at a recent meeting. He replaces former Maxxis/Cheng Shin chairman Robert Lo (pictured).

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Related news:

  1. Maxxis/Cheng Shin investing $500 million in tyre factory construction and expansion
  2. Cheng Shin appoints new chairman, outlines Indonesia project at AGM
  3. Poland – most likely site for Apollo’s new factory?
  4. Management changes at Norbar
17th June 2020/by Chris

China Synthetic Rubber considering India location

International News

Taiwan-based China Synthetic Rubber is considering investing 10 billion rupees (126 million euros; £110.9 million; US$146.8 million) in a carbon black manufacturing facility in Gujarat, India. According to the Financial Express, the company has identified potential locations in the chemicals and petrochemicals investment region for the proposed project.

Read more

Related news:

  1. Report: Carbon black manufacturing is moving to China and India
  2. Balkrishna to build carbon black plant
  3. Global carbon black market to grow 5.6% CAGR by 2023
  4. Birla Carbon releases 7th sustainability report
25th June 2018/by Chris
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