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.
In this year’s summer tyre test, German automobile club ADAC took a close look at 16 current 215/55 R17 models – including the Goodride Solmax 1 for the first time. The ZC Rubber-produced summer tyre scored well in several criteria. Indeed, in the overall ranking, Goodride Solmax 1 beats at least one European brand.
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Guizhou Tyre’s board of directors has approved a plan to build a semi-steel radial tyre production line with an annual output of 6 million units at its Vietnam factory. This move means that the tyre manufacturer, which focuses on the production of TBR and OTR, is beginning to enter the PCR market.
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Shouguang-based tyre manufacturer Firemax plans to invest in a Cambodian factory in 2024, according to local media reports. The project has been registered with the project department. According to filing information, the total investment in the project is US$190 million, with a designed annual production capacity of 1.2 million all-steel radial tyres and 8 million semi-steel radial tyres.
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Gu Cui, chairman of Jiangsu General, revealed the tyre manufacturer’s four development priorities in 2024: the Thailand factory phase II project, the Cambodia factory phase II project, China’s domestic semi-steel radial tyre market, and the OTR market. Specifically, the company hopes to achieve sales and market value of 10 billion yuan.
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Linglong is set to become Serbia’s fifth or sixth largest exporter or at least that is what Serbian President Aleksandar Vučić said he hopes happens, in an interview with Chinese media.
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Liu Jinlan, chairman of the board of directors of Xingda Steel Cord, said that he is prepared to continue to expand production in the next seven years. Specifically, the company plans to have an annual production capacity of steel cord and various steel wire products reaching 2.33 million tons by 2030, with revenue exceeding 20 billion yuan.
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A number of Chinese tyre manufacturers have stated that their net profits significantly increased year-on-year in 2023. Doublestar is one of the few tyre companies that was still losing money. Jiangsu General turned losses into profits. In terms of net profit alone, Sailun’s 3.1 billion yuan suggest the company gradually widened the gap between itself and Linglong. Currently, ZC Rubber has not officially disclosed its operating data for 2023. Therefore, it is not yet possible to judge who is in the leading position in terms of net profit between Sailun and ZC Rubber.
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The 14th China (Guangrao) International Rubber Tire & Auto Accessory Exhibition (ChinaGRTAE) will be held on 15-17 May. The three-day exhibition has more than 780 booths covering eight categories, including tyres, wheels, rubber tyre machinery and equipment, raw rubber materials, automobile repair and maintenance, and automobile accessories. In addition to tyre manufacturers such as Hengfeng and Huasheng, upstream and downstream companies such as Solprima, Xingda Steel Cord, and JD.com will also appear at the 2024 Guangrao tyre exhibition.
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It is only a short while since Linglong Tire began producing 49-inch OTR tyres at its facility in Jilin, China, but these are no longer the largest tyres made there. Linglong has upsized its production portfolio in Jilin by manufacturing the first 57-inch tyres.
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Chinese Customs tyre export data for December 2023 shows that the number of tyre exports in December increased by 610,000 units from last month, basically maintaining the same level as in November. However, the export value and export weight in December decreased by 300,000 yuan and 30,000 tons compared with the previous month. In other words, the increase in the number of lighter-weight tyres has not led to an increase in export value.
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It appears that Bridgestone is preparing to close its tyre factory in Shenyang, China. A plant employee told our Tyrepress China site that production in Shenyang ceased at the end of January 2024 and that Bridgestone will officially shutter the site at the end of February. As of 5 February, Bridgestone had issued no official announcement regarding the plant.
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The United States Department of Commerce has released the results of its anti-dumping review of imported passenger car and light truck tyres (PCR) made in Thailand. The result of the re-examination investigation is consistent with the preliminary one and its good news for Thai tyre manufacturing plants. The release of the result also means PCR products produced in Thailand are expected to enter the United States market in large quantities soon.
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In 2023, China’s tyre industry experienced a number of significant changes among key personnel. Tyrepress China observes that the operations of foreign brands in China are relatively stable, with only Bridgestone China’s leaders having changed. However, several Chinese state-owned enterprises and listed companies have undergone significant personnel changes this year.
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In 2023, Chinese tyre companies invested in a number of new projects. Tyrepress China’s analysis found that the once popular all-steel radial tyres (generally truck tyre products) have gradually experienced overcapacity, and the new projects increasingly focus on the production capacity of semi-steel radial tyres (car and light truck products). At the same time, Chinese tyre companies pay more attention to overseas projects. In addition, consistent with the trend in 2022, OTR tyres have become an essential focus of the Chinese tyre industry.
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The “2023 Green Manufacturing List” announced by the Ministry of Industry and Information Technology of China commends companies with outstanding performance in the field of green manufacturing. Tyrepress China notes that several companies related to the tyre industry were selected as “Green Factories” and “Green Supply Chain Management Companies”.
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