Shandong, China tyre production picks up
First half 2022 data released by several Shandong Province institutions shows that manufacturing output within China’s best-known province for tyre production is picking up.
About Xuda Wang
An inclusive idealist. I am a Masters graduate from the University of Westminster. I’ve read over 1000 books, traveled to every province in China as a backpacker, and volunteered with several NGOs in Southeast Asia. I have many years of working experience as a journalist in the auto industry.
Entries by Xuda Wang
Aeolus relocates former Double Happiness tyre factory
Progress has been made in the relocation of Aeolus’s Qingxu County, Taiyuan City, China tyre factory. Specifically, the Qingxu county government has already determined the factory’s new address. A few days ago, the relevant departments invited a design team to inspect the factory’s new location and discuss the relocation project’s design plan. At present, the design unit is preparing a feasibility proposal.
Guizhou Tyre expands industrial tyres’ production
Guizhou Tyre (also known as Advance Tyre) is preparing to launch an industrial tyre manufacturing expansion project with an annual output of 300,000 a year. The total investment in this project is about 24 million yuan (£2.926 million; 3.486 million euros; US$3.588 million). The expansion project does not involve the acquisition of new land.
Bridgestone pulls out of several China projects
Several Bridgestone-related companies in China have changed their industrial and commercial registration information recently. Indeed, the changes suggest Bridgestone has pulled out of several non-tyre projects in the People’s Republic
Sailun Dongjiakou factory construction underway
On 20 July 2022, the launch ceremony of the Advanced Polymer and Metal Materials Industrial Park in Qingdao City, Shandong Province was held. Tyrepress noted that among the seven projects that started construction, the Functional New Material Industrial Park belonging to the National Engineering Research Center for Rubber and Tire (NECRAT) was included.
Worker dies at Hankook’s Jiangsu, China tyre factory
At 22:20 on April 7, a mechanical injury occurred within the Banbury workshop on the west side of Hankook’s Jiangsu, China plant, causing the death of the operator of a Banbury machine. Recently, the government department where the factory is located released an investigation report on the incident.
Related news:
Aeolus and Doublestar both report sharp declines in net profit
Aeolus and Doublestar recently reported operating results for the first half of 2022. Both show sharp declines in net profits for the two companies that have controlling interests in global tyremakers Prometeon and Kumho respectively.
Huasheng Rubber and Haoyu Rubber fined
Two Chinese tyre manufacturers, Shandong Huasheng Rubber Co., Ltd. and Shandong Haoyu Rubber Co., Ltd., suffered administrative penalties in June due to production safety issues. Both companies are located in Guangrao County, Dongying City, Shandong Province.
Sentury working to speed up Spanish factory construction
Sentury is in the process of declaring its Spanish factory plans as a strategic industrial project with the government of Garcia, Spain. The tyre maker hopes that its plant in the As Pontes region of Garcia will be able to use this method to obtain fast-track approvals to speed up the entire project’s construction.
Shandong provincial government ‘eliminating’ outdated tyre production capacity
The recent publication of Shandong provincial government’s 2022 six department work plan states that the authorities are promoting the elimination of outdated production capacity. Within that, it is worth noting that the tyre industry is described as a regulatory priority. Specifically, if a tyre manufacturer’s annual output cannot reach 1.2 million all-steel radial tyres (excluding engineering tyres, aviation tyres and wide-section tubeless tyres) or 5 million semi-steel radial tyres (excluding run-flat tyres, high-end racing tyres, and ultra-low profile tyres), it is highly likely to be forced to integrate or exit.
Goodyear appoints new President of China
On 1 July 2022, Goodyear announced that Justin Foley succeeded Jonathan Zhang as president of China, reporting to Nathaniel Madarang, president of Goodyear Asia Pacific.
Guizhou Tyre Vietnam plant officially put into operation
Guizhou Tyre Vietnam plant’s first-phase project has officially begun operation with an annual output of 1.2 million all-steel radial tyres. This equates to between 2500 and 2800 units and the products are mainly sold to the United States, Europe and other regions that have implemented anti-dumping and anti-subsidy investigations on Chinese tyres or imposed special tariffs. The tyre maker said that the first-phase project’s production and sales are still in the ramp-up stage.
Rebuilding Sailun: Multi-billion dollar plans for new tyre and materials factories analysed
The recent news that Sailun Tyre plans to invest 17.48 billion yuan in setting up two factories in Dongjiakou, Qingdao, has received widespread coverage in Chinese media. The investment in the tyre factory is 15.18 billion yuan, involving 20 million sets of semi-steel radial tyres, 10 million sets of all-steel radial tyres, and 150,000 tons of OTR tyres. The investment in the 500,000-ton new material factory is 2.302 billion yuan. Sailun’s various production bases will mainly use the material factory’s products. According to Sailun’s calculations, the Dongjiakou tyre factory will achieve 21.9 billion yuan revenue and 2.96 billion yuan profit yearly. The annual turnover of the material factory is 12.035 billion yuan, and the average annual net profit is 923 million yuan.
Yongsheng Rubber fined for environmental violations
Guangrao County, Shandong Province’s environmental protection department announced recent administrative penalty information in June. Tyrepress found that tyre manufacturer Yongsheng Rubber received six fines of 1.2 million yuan (£149,560; 173,892 euros; $178,830). Meanwhile, the person in charge of the related projects was fined 300,000 yuan.
Sailun investing in 8th tyre factory
On 24 June 2022 Sailun decided to invest 15.18 billion yuan in building a new tyre factory in Dongjiakou, West Coast New District, Qingdao City, Shandong Province. The planned annual production capacity is 20 million sets of semi-steel radial tyres, 10 million sets of all-steel radial tyres and 150,000 tons of OTR tyres. At present, the Sailun board of directors has passed this investment proposal.
