Wanli Tire reports that company representatives have visited overseas factory sites and completed a draft report based on the inspections. Wanli deputy general manager Hu Yongfang announced at the summary meeting for the first half of 2022 that Wanli will strive to complete the establishment of an overseas factory project by the end of 2022.
During January 2021 more than 50 domestic Chinese tyre businesses announced plans to increase prices. And, according to Robert Ho, marketing officer at Comforser Tire Co. Ltd., we can expect still further prices increases in February and March.
A Chinese court has ruled in favour of Bridgestone Corporation in its patent infringement lawsuit against Chinese tyre manufacturers Guangzhou South China Tire & Rubber Co., Ltd. and Wanli Tire Co., Ltd. (Wanli Tire).
China’s Guangzhou Vanlead Group Co. Ltd. reports that its subsidiary, Wanli Tire Corporation Ltd., intends to start work on a US$1 billion tyre factory in the US state of South Carolina during the first half of next year.
China’s Wanli Tire aims to compete on even terms with the established tyre majors, and the tyre maker has its eye on a spot in the global ‘top ten’. The company’s path to international success will be guided by a new strategy that Wanli Tire general manager, Li Xiaoyun, outlined at Auto Shanghai.
Wanli Tire
E Bouman; Pixabay