Is Nokian Tyres a takeover target?
How the Russia-Ukraine war, the company’s low share price and other challenges make Nokian Tyres prime takeover material for a premium brand with the money and desire
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Top 10 Chinese tyre industry events in 2022
In 2022, several significant events took place in China’s tyre industry. These things had a profound impact on the tyre industry not only in 2022, but for a long time.
Kirkby highlighting agri brands at LAMMA
After a successful return to participating in LAMMA last year, Kirkby Tyres will once again be exhibiting at the UK’s premier agricultural machinery show on 10 and 11 January at the NEC. Occupying the same 225 square metre space in Hall 9 of the National Exhibition Centre, the wholesaler is looking forward to showcasing its main and exclusive agricultural brands including Alliance, BKT, MRL and Pirelli.
Will the future be better? Year-end summary of China’s tyre industry in 2022
At the end of 2022, China is gradually ending epidemic prevention and control, and the country’s tyre industry is keen to usher in the benefits. However, many professionals are still considering how to survive adversity during the same period, asking whether the future offers reasons for optimism. There is no doubt that we are at an important moment of historical change. With 2022 about to pass, Tyrepress China looks at the state of the business following a year of flux and crisis through the prism of ten key terms.
Will new energy vehicle tyres be the future of the Chinese industry?
In 2022, China’s tyre industry has already carried out multiple rounds of the layout around new energy vehicles. Focusing on the product of passenger car tyres, seizing the new energy vehicle tyre market seems to be an essential strategy for significant tyre manufacturers to participate in future competition.
Pessimistic Chinese tyre industry: what does the future hold?
2022 has been a challenging year for the Chinese tyre industry. This year is coming to an end, but a feeling of anxiety is crossing regions and classes and spreads throughout the industry. From manufacturers to distributors, from vulcanisation workshop workers to corporate executives, many professionals are asking the question: Where is the future of China’s tyre industry?
Shandong Province promotes tyre industry upgrading
On November 11, Shandong Province announced the ‘Action Plan for a Powerful Province of Advanced Manufacturing (2022-2025)’. The Shandong authority specifically emphasised in this guidance document the necessity to promote increased quality in the development of high energy consuming industries, including the tyre industry. In addition, the concepts of “intelligent upgrade”, “green transformation”, “service extension”, and “ecological agglomeration” mentioned in the Action Plan also set out a rough outline for the upgrade and development of tyre companies in Shandong Province in the next few years.
Several Guangrao tyre companies have stopped or limited production
Guangrao County in Dongying City seems to have gone silent in a short period. On October 20, Guangrao detected an asymptomatic case of Covid-19. Then things seemed to get serious. Data from the Dongying Municipal Health Commission showed that from the 22 to the 30, new asymptomatic patients of Covid-19 were found in Guangrao daily. The government launched a response policy in a short time. According to Guangrao residents, since the 23, some communities have asked people to stay at home, and some factories require closed-loop management.
Chinese listed tyre companies release third-quarter results
At the end of October, several listed companies, including Linglong, Triangle, Sailun, Aeolus, Jiangsu General, Guizhou Tyre (Advance), Doulestar and Sentury, released their operating results for the third quarter. In the third quarter, Linglong produced 17,015,900 tyres and sold 16,623,600 tyres, with a revenue of about 4.37 billion yuan (about 520 million pounds, 600 million euros) and a net profit of about 110 million yuan (about 13.1 million pounds, 15.22 million euros).
Kirkby Tyres investing in quality brands
One of the largest truck tyre wholesalers and distributors in the UK and Ireland, Kirkby Tyres has a team of specialists dedicated to the TBR segment and is investing to make further inroads with its exclusive brands. We recently spoke with commercial director Michael Rosenthal to find out about the latest products from Double Coin and Sailun as well as Kirkby’s activities in the truck business.
Qingdao has closed more than 30 tyre companies
The Qingdao Municipal Government of Shandong Province recently stated that it would build a rubber industry chain worth 100 billion yuan (RMB). According to reports, the city’s government departments will list rubber products and equipment as the focus of future industries and make every effort to promote these industries’ development.
Aeolus makes first 63-inch giant OTR tyre
On 11 October, a 59/80R63 radial engineering tyre rolled off the production line at Aeolus’s Jiaozuo manufacturing base. This giant OTR tyre has a diameter of over four metres and a weight of nearly six tons. It is mainly used for giant mining weighing about 400 tons.
Guangrao government awards six tyre industry companies
On October 8, the Guangrao County Government announced a list of awards that included six tyre industry companies. The awards stem from the fact that this county’s tyre industry was set as one of the advanced cluster industries by Shandong Province in 2020. It is reported that some enterprises in Guangrao County engaged in tyre-related fields can obtain incentive funds.
2022 Asian Tyre Brand rankings revealed
The World Brand Lab has released the list of Asia’s 500 most influential brands in 2022. Tyrepress analysis shows seven brands related to tyres among those ranked, namely: Bridgestone, Hankook, Kumho, Doublestar Linglong, Sailun, and Sumitomo. The Sumitomo brand involves diversified industries, but its subsidiary Sumitomo Rubber is a world-renowned tyre manufacturer.
In pictures: NTDA Tyre Industry Award 2022 winners
The National Tyre Distributors Association presented the Tyre Industry Awards 2022, sponsored by Sailun Tyres, at the Vox Conference Centre in Birmingham on 6 October. Below you can view a gallery of the award winners from the evening ceremony, hosted by former BBC news presenter and triathlete Louise Minchin, NTDA chief executive Stefan Hay and national chairman Simon Wright. Click here for the list of winners, and here for the full list of nominees.
