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373 search results for: sailun

181

High quality exhibits and wide range on-show as GRTAE opens in Shandong

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The 14th GuangRao Rubber Tire and Automotive Accessory Exhibition (GRTAE) opened in Dongying City, GuangRao County, Shandong Province, China today. First impressions and the facts released by organisers during the official launch conference, which also included speeches from local officials responsible for the leadership of relevant civic departments, there are some 550 exhibitors here presenting their tyre-related latest offerings to as many as 80,000 visitors.essions and the facts released by organisers during the official launch conference, which also included speeches from local officials responsible for the leadership of relevant civic departments, there are some 550 exhibitors here presenting their tyre-related latest offerings to as many as 80,000 visitors.

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182

Tire Cologne: Making a European exhibition of the tyre business

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Running from 4-6 June, The Tire Cologne 2024 is rapidly approaching and, considering the last edition of the event was the first to take place in the post-Covid world, many in the wider European tyre business see the chance to meet together again now as more important as ever. With that in mind, we have devoted roughly a quarter to the May issue of Tyres & Accessories to previewing the products and services on offer at the event (see page 35 onwards).

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183

Thailand factory supports most of Linglong’s profits in 2023

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Linglong’s revenue in 2023 exceeded 20 billion yuan, and its net profit was close to 1.4 billion yuan. The tyre manufacturer produced 79.117 million tyres throughout the year, an increase of 20.4 per cent year-on-year. Among them, semi-steel tyres increased by 19.20 per cent, all-steel tyres increased by 30.79 per cent, and bias tyres decreased by 6.19 per cent.

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185

Firemax Cambodia factory holds groundbreaking ceremony

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Fornnax introduced the SR-200 HD Dual-Shaft Primary Shredder at India Rubber Expo (IRE) at the Bombay Exhibition Centre in Mumbai on 20 March. According to the company, “the SR-200 HD marks a significant leap in recycling technology, demonstrating Fornnax's dedication to engineering excellence and sustainability.”

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186

Tyre consortium releases 6PPD alternatives analysis report

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To fulfil regulatory requirements in the US state of California, a global group of 30 tyre manufacturers has published a Stage 1 Alternatives Analysis (AA) report concerning the antioxidant 6PPD in tyres. This initial Stage 1 AA Report will serve as the groundwork for further Stage 2 exploration, ultimately culminating in a final AA report.

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187

Chinese tyremakers turn to OTR tyre production

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Starting from 2022, Chinese tyre manufacturers have chosen to strategically enter the OTR market. ZC Rubber and Zaozhuang Mining Group chose the merger to expand their power in the OTR field. More leading Chinese tyre companies have chosen to significantly increase their OTR production capacity through new construction or production expansion.

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188

Thailand now supplies more than a quarter of European truck tyre imports – Astutus Research

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The rapid growth of a manufacturing base largely across Asia has seen a swift evolution in the source of truck tyre imports in the European Union and UK. A new analysis conducted by leading tyre market analyst Astutus Research for Tyres & Accessories shows that Thailand has soared into a leading position in this segment, accounting for 26.3 per cent of truck tyre imports in 2023. Turkey (20.6 per cent) and more recently Vietnam (15.0 per cent) have also overtaken the previously dominant China (14.5 per cent) as leading sources of truck tyres in Europe (defined as the EU27 plus UK).

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189

Firemax planning Cambodia tyre factory

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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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190

Profits of listed Chinese tyre companies rise sharply

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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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192

VF tyres join Maxam AgilXtra range

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Maxam Tire has added VF sizes to its AgilXtra I3 range of agricultural implement flotation tyres. Commenting on the new VF560/60 R22.5 and VF600/55 R26.5 tyres, Greg Gilland, the tyre maker’s VP of global agriculture, says their introduction represents “another symbol of Maxam’s commitment to delivering business solutions to the global agricultural market and for the future of the industry.”

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193

Motoring clubs test 215/55 R17 tyres

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For their 2024 summer tyre test, European motoring organisations ADAC, ÖAMTC and TCS have shined the spotlight on 215/55 R17, a dimension suitable for mid-size cars and smaller SUVs. The test team put 16 brands of tyre through their paces and was satisfied with overall results, even though some tyres showed “minor weaknesses”.

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194

Next stop Mexico? Analysing Chinese companies’ overseas factory choices

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In 2023, China’s tyre industry experienced “ice and fire”. On the one hand, large tyre makers with sufficient foreign trade orders or with overseas factories doubled growth in revenue and net profit. On the other hand, the slow recovery of the Chinese market, especially the lack of demand in the radial truck tyre (TBR) sector, has put the entire downstream industry under tremendous pressure.

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195

Key personnel changes in the Chinese tyre industry

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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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