![Truck tyres from China: EU introduces definitive duties](https://www.tyrepress.com/wp-content/uploads/2023/04/China-tyres-sml.jpg)
Truck tyres from China: EU introduces definitive duties
On 4 May 2022 the General Court of the European Union annulled Regulation (EU) 2018/683, overturning the regimen of anti-dumping duties imposed upon truck & bus tyres imported from China. The European Commission subsequently partially re-opened its anti-dumping and anti-subsidy investigation, disclosing its findings on 10 January 2023. The Commission has now published details of definitive measures.
Continue Reading![Dunlop’s brand value shrank three-times faster than Sailun Tire’s grew](https://www.tyrepress.com/wp-content/uploads/2023/04/BF-2023-Brand-Value-Change-e1681214244458.png)
Dunlop’s brand value shrank three-times faster than Sailun Tire’s grew
While Michelin was found to the be most valuable tyre brand, as we previewed a month ago, the 2023 Brand Finance data also shows Michelin is the strongest brand with a Brand Strength Index score of 88.1 out of 100 and a corresponding AAA rating. However, there were also significant shifts between 10th and 15th place in the ranking of the world’s leading tyre brands. Specifically, Sailun leapfrogged Linglong into 11th place in the “most valuable” category. And MRF rose two places from 15th to 13th this year. Meanwhile, Dunlop’s brand value shrank three-times faster than Sailun Tires grew.
Continue Reading![Kama Tyres: Exports decline 60% in 2022](https://www.tyrepress.com/wp-content/uploads/2023/04/Kama-logo.jpg)
Kama Tyres: Exports decline 60% in 2022
The 2022 annual results that Kama Tyres published today show a significant drop in its export business but stable overall production. Of the 12.3 million tyres sold last year, just 9% or some 1.1 million pieces were exported. Compare this with 2021, when Kama Tyres reported exporting 22% of the 12.3 million tyres it made, around 2.7 million tyres.
Continue Reading![Five tyre factories on Chinese government green list](https://www.tyrepress.com/wp-content/uploads/2023/04/Picture5.jpg)
Five tyre factories on Chinese government green list
On 24 March, the Chinese Ministry of Industry and Information Technology revealed its 2022 Green Manufacturing List. Tyrepress China noted that the list of green factories includes five tyre manufacturers, namely Jinyu Tires, Triangle, Zodo Tire, Doublestar Dongfeng, and Sailun. Among them, Doublestar Dongfeng is the manufacturing base of Doublestar, located in Shiyan, Hubei.
Continue Reading![China’s tyre export unit price continues to rise](https://www.tyrepress.com/wp-content/uploads/2023/04/steve-doig-6zYrb7ItVkw-unsplash-scaled.jpg)
China’s tyre export unit price continues to rise
On 18 March, China Customs announced the export data for the first two months of 2023. In January, China exported 46.84 million new pneumatic rubber tyres with a total weight of 620,000 tons. The tyre export value of the month reached 10.97 billion yuan (approximately £1.3 billion; €1.48 billion).
Continue Reading![Shen Jinrong: The competitive advantage of Chinese tyres may be disappearing](https://www.tyrepress.com/wp-content/uploads/2023/04/Picture4.jpg)
Shen Jinrong: The competitive advantage of Chinese tyres may be disappearing
On 22 March, Shen Jinrong, chairman of ZC Rubber, summarised the Chinese tyre industry after the epidemic at the China Rubber Conference 2023. He said that during the three years of the epidemic (2020-2022), China’s tyre industry’s business environment and ecological chain had undergone significant changes.
Continue Reading![Jiangsu General terminates Anqing tyre factory project](https://www.tyrepress.com/wp-content/uploads/2023/04/Picture3.jpg)
Jiangsu General terminates Anqing tyre factory project
On 24 March, Jiangsu General terminated its plans to build a tyre factory in Anqing, Anhui. The tyre manufacturer said that the relevant procedures could not meet the project’s construction and development needs due to factors such as industrial policies, local policies, and land planning. Considering “time cost, project planning and market”, Jiangsu General terminated the investment. At the same time, the company believes that the expenditure on the Anqing project is relatively small, and the termination will not significantly impact its financial status and operations.
Continue Reading![Pirelli postpones shareholders’ meeting](https://www.tyrepress.com/wp-content/uploads/2023/04/Pirelli-logo-sml.jpg)
Pirelli postpones shareholders’ meeting
As reported yesterday, Italy’s government is looking to ensure tyre maker Pirelli isn’t unduly influenced by its largest shareholder. A piece of legislation named Golden Power may help to this end, and in light of activities linked to this rule, Pirelli has postponed an upcoming shareholders’ meeting.
Continue Reading![Apollo Tyres appoints new Belux country sales manager](https://www.tyrepress.com/wp-content/uploads/2023/04/Bruno-De-Langhe-scaled-e1680774545351.jpg)
Apollo Tyres appoints new Belux country sales manager
Apollo Tyres has appointed Bruno De Langhe as its new country sales manager for the Belux region. He will succeed Antoine de Grand Ry, who has retired after more than 30 years at the company. De Langhe joined Apollo Tyres in 2022 as an account manager for passenger car tyres in Belgium. Since then, he has been responsible for boosting brand awareness and sales in the Belux region.
Continue Reading![Italy looking to limit Sinochem’s influence over Pirelli](https://www.tyrepress.com/wp-content/uploads/2023/04/Pirelli-F1-tyre-sml.jpg)
Italy looking to limit Sinochem’s influence over Pirelli
According to people familiar with the matter, Italian officials are attempting to limit the influence Sinochem has on Pirelli. Reporting this development, Bloomberg shares that officials are speaking with Pirelli investors about a range of options related to corporate structure.
Continue Reading![ELTs: Pyrum both upstream & downstream of Mercedes-Benz](https://www.tyrepress.com/wp-content/uploads/2023/04/Mercedes-EQE-sml.jpg)
ELTs: Pyrum both upstream & downstream of Mercedes-Benz
Mercedes-Benz will soon use waste tyres removed from its vehicles in the production of new cars. German pyrolysis recycling specialist Pyrum Innovations has taken the “next step” in its cooperation with the vehicle manufacturer and anticipates recycling several hundred tonnes of used tyres from the Mercedes-Benz Used Parts Centre every year. Pyrolysis oil made from these tyres will be used in the manufacture of vehicle components.
Continue Reading![Russia: 40-50% of tyres recycled](https://www.tyrepress.com/wp-content/uploads/2023/04/waste-tyres-sml.jpg)
Russia: 40-50% of tyres recycled
Around 40-50% of end-of-life tyres removed from vehicles in Russia are currently recycled, reports public company Russian Environmental Operator. This means that around 500 thousand tonnes of old tyres are recycled, mainly into low-grade products such as large rubber crumb and rubber chips for floor surfacing.
Continue Reading![Doublestar shifts focus to overseas markets](https://www.tyrepress.com/wp-content/uploads/2023/04/Doublstar-plant.jpg)
Doublestar shifts focus to overseas markets
Qingdao Doublestar’s 2022 annual report shows stable revenues and growing losses. While operating income amounted to 3.91 billion yuan (£460 million), an amount fundamentally unchanged from the previous year, the bottom line net loss attributable to shareholders grew 87.93% year-on-year to 601.9 million yuan (£70.82 million).
Continue Reading![Prinx Chengshan suspends Anhui project, looks to Europe](https://www.tyrepress.com/wp-content/uploads/2023/04/Picture2.jpg)
Prinx Chengshan suspends Anhui project, looks to Europe
Recently, Prinx Chengshan revealed in its 2022 annual report that it has decided to suspend its Anhui tyre factory project. The tyre maker said that the suspension of investment was due to the domestic and foreign economic situation and the company’s forecast analysis of capacity utilisation. According to the original plan of Prinx Chengshan, the Anhui factory is its second tyre factory in China.
Continue Reading![Giti starts construction of new Anhui tyre factory](https://www.tyrepress.com/wp-content/uploads/2023/04/Picture1.jpg)
Giti starts construction of new Anhui tyre factory
On 30 March, Giti began construction of its new tyre factory in Anhui Province, China. The specific location of the project is Changfeng County, Hefei, Anhui. On the 31st, Yu Aihua, secretary of the Hefei Municipal Party Committee, went to the construction site to investigate and stressed that it would be completed and put into operation within 12 months.
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