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Huayi’s tyre turnover totalled 4.968 billion yuan

On 30 August 2022, Shanghai Huayi, the parent company of Double Coin Tire Group first half results showing the company generated revenue of 4.968 billion yuan (about £614 million, 719 million euros), and operating costs were 4.559 billion yuan (about £564 million, 660 million euros). Within that, the revenue of all-steel radial tyres and semi-steel radial tyres was 4.6 billion yuan (about £569 million, 666 million euros) and 368 million yuan (roughly £45.51 million, 53.25 million euros).

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Xingda investing £200 million expanding Thailand tyre cord factory

Xingda

At the end of July, Chinese tyre cord manufacturer Xingda announced that it is investing 1.6 billion yuan (£200 million; 232.432 million euros; $237 million) adding 200,000 tons of steel cord annual production capacity to its Thailand factory. The planned construction period is 24 months and the project has been officially approved by China’s National Development and Reform Commission.

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B-Quik branch number 196 set to open

B-Quik

Staff at B-Quik branch number 196 set to open the growing tyre retailer’s latest branch in Thailand. The Chiang Mai Huaikaeuw location is store number seven in the city of Chiang Mai. Three more openings in Thailand are planned for the next six weeks.

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  1. Marubeni re-brands Indonesian tyre retail chain as B-Quik
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Bridgestone closing Hong Kong aircraft tyre plant

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Bridgestone Corporation has announced plans to consolidate its aircraft tyre retreading operations in Asia. At the end of June 2023, it will close the Bridgestone Aircraft Tire Company (Asia), Ltd. operation in Hong Kong and transfer production to its Bridgestone Aircraft Tire Manufacturing (Thailand) Co., Ltd. facility in Chonburi, Thailand. The closure of the plant in Hong Kong will affect 102 employees.

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Tyrexpo Asia anticipating a Singapore ‘sell-out’

Singapore’s resurgence as a travel destination means that Tyrexpo Asia will soon return to its traditional home. Nine months out from the next planned show, organiser Tarsus Southeast Asia reports bookings from more than 100 international visitors, with half the floorspace across the three exhibition halls already occupied.

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Inter-Sprint launches Groundspeed truck tyre brand

Wholesaler Inter-Sprint has added a new truck tyre brand to its portfolio. Manufactured by Sentury Tire in its 4.0 smart factory in Thailand, Groundspeed debuted at The Tire Cologne and is available in a launch range that includes steer, drive and trailer dimensions, 13 SKUs in total.

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Prinx Chengshan: Profit down 24.7% despite higher revenue in 2021

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.

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B-Quik opens tyre centre number 193 in Thailand

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B-Quik

B-Quik opened branch number 193 in Thailand on Friday 25 March 2022 and it is quite a looker. The new Bangkok flagship branch not only features six service bays, but also a café and it is all enclosed in a striking architect-designed structure.

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Solar power decarbonising Maxion’s production

In markets where green electricity is not readily available from the grid, on-site solar power generation is an important way of bridging the green energy gap. The Maxion Wheels Saraburi plant in central Thailand is the company’s first to use solar energy to decarbonise aluminium wheel production.

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Yokohama Rubber NR processing subsidiary supports flooded Thai villages

Yokohama Rubber’s natural rubber processing subsidiary in Thailand supported efforts to aid villagers affected by flooding in the country in December 2021. Y.T. Rubber Co, Ltd (YTRC) provided food packages in the wake of flooding due to heavy rains in the country’s Surat Thani Province, where YTRC is located.

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China’s GS Tire raises Cambodia investment to $300 million

GS Tire

On 11 January 2021 Jiangsu Province Department of Commerce approved Jiangsu General Science Technology Co. Ltd’s (GS Tire) US$300 million investment in a new tyre factory in Cambodia. Company stock market filings had previously described that factory as a $204 million investment, which suggests the scope of the project has increased significantly.

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B-Quik hits 200 store target in 2021

B-Quik

As 2021 drew to a close, Far Eastern tyre retail specialist business B-Quik opened its 200th store and hit an interim growth target. The opening of the new location at Maxxbox Lippo Village brought the chain’s Indonesian total to 9 branches and 200 across Thailand, Indonesia and Cambodia.

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Linglong adds Hubtrac OTR tyre range within ongoing strategic development plans

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2021 has been a year of significant strategic developments for the fast-growing Linglong Tire business. On 10 June 2021, Linglong announced plans to invest in a huge tyre manufacturing facility in Tongchuan City, Shaanxi Province, China, which will output a wide range of products including 15.2 million high-performance radial tyres and 500,000 retreaded tyres. That three-phrase project will see construction commence in April 2022 and will be completed in March 2028.

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Tyrexpo Asia moving to Thailand in 2022

Singapore has taken a hard line against Covid-19 and continues to enforce international travel restrictions. In order to ensure it can welcome visitors to Tyrexpo Asia 2022, organiser Tarsus Group has decided to hold the event in Bangkok instead. Thailand will allow quarantine-free entry for fully vaccinated travellers from low-risk countries from the beginning of November 2021 with no need to quarantine.

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Bridgestone withdrawing from conveyor belt business

Bridgestone Corporation announced today its intention to withdraw from the conveyor belt business as part of a restructuring of its diversified products business. The company will gradually reduce production and sales volume in order to “minimise the impact to the operations of its customers and suppliers” and will completely withdraw from the business by the end of 2024.

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