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Sailun rising: China’s listed tyre companies ranked in 2022 Q3

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Sailun

Based on stock market reporting for the third quarter of 2022, the top nine Chinese listed tyre companies ranked by revenue are Sailun, Linglong, Triangle, Huayi (the holding company of Double Coin), Guizhou Tyre, Sentury, Aeolus, Jiangsu General, and Doublestar. (The leading Chinese tyre company according to Tyrepress global rankings is ZC Rubber (Hangzhou Zhongce), but it is not listed.) The figures show that Sailun has completed a meteoric rise this year to become the Chinese tyre industry’s stock market leader, with an income of more than 6 billion yuan in the quarter, putting it within reach of the global top 10 tyre manufacturers.

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EU-27 plus UK tyre imports rise 11% as winners and losers emerge from turbulent market

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Astutus Research

Since March, cumulative passenger car and light truck tyre imports to the European Union and UK have, for the first time, recovered to run above pre-pandemic levels. This is despite the well-documented impact of sharply higher ocean freight costs in this period, and disruption to production in some source countries. A newly published report by Astutus Research, “European PCLT Tire Demand and Supply Forecasts to 2026”, shows that in the first seven months of 2022, European (the EU-27 plus UK)* imports from outside the region were 11% higher than the same period last year and 5% higher than the equivalent pre-Covid period in 2019.

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South Africa considering import duties for Chinese tyres

South Africa’s International Trade Administration Commission (ITAC) announced in January that it would look at allegations of dumping levelled against importers of tyres from China. This investigation is still ongoing, but opponents warn that if authorities decide to apply duties to these products, the cost of tyres could increase by up to 41 per cent, with price rises for transportation and essential products a knock-on effect.

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  1. South African tyre association seeks anti-dumping protection
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Shipping woes to continue well into 2022

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Pexels

Extraordinary market conditions in sea freight are now expected to persist well into 2022, according to analysts. Meanwhile, long-haul air freight belly capacity is only expected to gradually return between 2022 and 2024. Of course, freight forwarders/shipping firms are the biggest winners in this scenario, with the same analysis produced by Jefferies further raising pre-tax profit (EBIT) estimates by 18 per cent on average in the sector for the 2021 full year and by 14 per cent in 2022.

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Chinese government power rationing halves tyre production of some local tyremakers

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Pixabay

As if the Covid-related troubles combined with complex shipping challenges and rising raw material costs weren’t enough, Chinese government policy is now adding to the pressure on tyre manufacturers making tyres for export from the People’s Republic. Specifically, the Chinese central government environmental policy has led to power rationing across the country since mid-September, which has had a marked impact on manufacturing business including the tyre industry. Indeed, more than 20 tyre manufacturers have experienced power-rationing-related temporary shutdowns and/or have implemented price increases because of these product headwinds. And these are having a marked impact on tyre production.

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Grupo Andrés begins construction of robotised tyre warehouse and headquarters

Grupo Andres

At the start of 2021 Grupo Andrés, started work on the construction its new headquarters. According to the company the new facilities will result in “a significant improvement in distribution” due to the “robotization of the logistics process and a notable streamlining of work and the flow of orders”.

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Indian government moves to restrict tyre imports

India officials have announced restrictions on imports of passenger car, two-wheel, truck and bus tyres in a bid to help boost domestic tyre
manufacturing.

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USW files anti-dumping petitions against Korea-, Taiwan-, Thailand- and Vietnam-made tyres

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In the USA the United Steelworkers (USW) union has filed antidumping (AD) and countervailing duty (CVD) petitions on dumped and subsidized passenger vehicle and light truck (PVLT) tyres with the Department of Commerce and the International Trade Commission

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Cambrian Tyres importing Anlas Tyres for bikes, scooters

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Starting in November 2016, Cambrian Tyres have begun distribution in the UK of Turkish two-wheel specialist tyre brand, Anlas. Already familiar to many in Europe with a history stretching back 40 years, Anlas manufactures a wide range of tyres from its factory in Duzce, between Istanbul and Ankara. The current Anlas range includes tyre applications for commuters and urban motorcycles; lightweight bikes; classic machines; large adventure motorcycles; and scooters and mopeds. Cambrian says the Anlas range offers riders excellent quality and value for money from a well-established European brand.

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Tariff time again, but will they make a difference?

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It’s tariff time again. The US government has imposed trade sanctions on US-produced OTR and industrial tyres before. They have done so with car tyres twice before. This time it’s truck tyres. But are they effective? Will they halt the rise of Chinese tyre manufacturers in general? And what does it mean for those doing business with truck tyres in the UK and Europe?

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New Membat website

Membat, a tyre brand designed in Barcelona, recently launched a new website in order to offer users “an easier, intuitive and interactive navigation”. The company reports that this was achieved by incorporating “the latest technology” and as a result customers will be able to find out more about the brand and its positioning. The new site is organized into five main sections: about us, products, Membat quality, news and contact.

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Even cheaper Chinese tyres?

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While ChemChina’s deal with Camfin to take over Pirelli officially got under way this month, not everyone connected to the economy in the People’s Republic was looking so positive. The stock market has been in freefall and industrial production looks to have taken a big hit. The Chinese state’s answer? To devalue the national currency (the yuan renminbi or RMB) three times in a week and make already cheap Chinese exports even cheaper.

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Report: Bangladesh tyre market to grow at 9% CAGR

A new report suggests the Bangladesh tyre market will grow by 9 per cent compound annual growth rate between now and 2020 due to a rise in automobile sales, improvement in public infrastructure, and growth in purchasing power.

According to the recently released TechSci Research report, “Bangladesh Tyre Market Forecast & Opportunities, 2020’’, several global tyre giants have also expressed interest in making significant investments by setting up their manufacturing units in the country.

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Comparative tyre test highlights grey import risk

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Chinese tyres often rank poorly in comparative tests undertaken by European publications, unable to match the performance of premium rivals. But what sort of tyres do these premium manufacturers themselves produce for the Chinese market, and how would they fare against their European market siblings? German motoring magazine Auto Bild assigned its staff the task of finding out, and the results were interesting.

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