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.
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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.
On 28 December 2022, the Customs Tariff Commission of China’s State Council issued an announcement stating that from 1 January 2023, import tariffs on some commodities will be adjusted. In 2023, the products that can still enjoy preferential tariffs are retreaded tyres for aircraft. As in the previous year, such products will be subject to a provisional import duty of 4 per cent. Under normal circumstances, Chinese customs should impose a 20 per cent tariff on retreaded tyres for aircraft.
On 30 December Linglong announced that it would adjust the construction of its seventh production base in China. The construction location of the project was changed from Lujiang, Anhui, to Lu’an, Anhui. At the same time, the tyre manufacturer’s Lu’an factory is preparing to build a project with an annual output of 14 million sets of high-performance radial tyres and a project to regenerate via retreading and material recovery 30,000 tons of waste tyres. In the original design, Linglong’s seventh factory in China was intended to have an annual production capacity of 14.6 million sets of radial tyres.
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.
Sales of Bandag retreaded tyres increased 9% in North America during 2022, with more than seven million units sold during the year. A US$60 million investment in capacities & debut of a new programme for small and mid-sized fleets should ensure continued growth in 2023.
According to export data released by China Customs, China exported 40.72 million “new pneumatic rubber tyres” (a term that includes all pneumatic tyres including bicycles as well as enginen-drive tyre products) in November. The exported tyres weighed 550,000 tons and were worth 9.88 billion yuan (about £1.18 billion; 1.33 billion euros).
Chinese tyre maker Jiangsu General Science Technology intends to open its new plant in Cambodia during the first half of this year. The General Tire Technology (Cambodia) Co., Ltd. facility now being set up in the Sihanoukville Special Economic Zone is expected to enter production in May with a capacity to manufacture 5 million semi-steel radial tyres and 900,000 all-steel radial tyres.
On 2 January 2023, Warren Rudman left his role as general manager Sentury Tire Spain. Rudman’s departure follows Sentury’s 30 December announcement that the company is planning to invest in a new tyre factory in Morocco. Signing off his departure announcement, Rudman noted “I will start a new journey soon”.
On 30 December 2022, Sentury Tire shared that the company convened a board meeting to approve the “Proposal on Investing in the Construction of High-Performance Car and Light Truck Radial Tire Projects in Morocco”. In other words, the company is planning to build its third overseas factory just outside Morocco, North Africa in what will be the first Chinese tyre factory in Africa. Sentury plans to invest just under US$296.78 million in constructing the Morocco tyre plant, which is set to have a production capacity is 6 million car and light-truck tyres a year.
Linglong Tire intends to have 35 per cent sustainable and renewable resources in its tyres by 2025 and 40 per cent by 2030. One source of such materials will be dandelions. The tyre maker established the Dandelion Rubber Industry Technology Innovation Strategic Alliance in 2015, partnering with more than 20 universities, research institutes and rubber companies.
Many tyre makers have faced difficult decisions in the weeks and months since Russian troops first marched across Ukraine’s border on 24 February. Companies such as Nokian Tyres, Bridgestone, Continental, Michelin, Yokohama and Pirelli have needed to decide whether to continue operating their Russian plants. Four of these manufacturers are turning their backs on Russia or considering doing so, but two apparently are not.
Testing, consulting, information, and compliance services firm Smithers has produced a new whitepaper reporting the effects of temperature on tyre rolling resistance. It will soon offer the whitepaper for free download on its website.
During the Smithers Recovered Carbon Black conference, which took place in Berlin in November, Bridgestone and Michelin jointly shared the results of efforts to develop a global standard to increase the utilisation of recovered carbon black in tyres. Click here to read or download Bridgestone and Michelin’s rCB grades and specifications proposal presentation.
According to the recent Hankook Tire Gauge Index, a survey of Americans’ driving habits, 46 per cent of Americans plan to purchase or lease an electric vehicle (EV) within the next five years. Therefore, the arrival of Hankook’s EV-specific iON brand across the pond is timely. Catering to local preferences, the Hankook iON range for the USA has a strong all-season flavour, and the tyre maker has introduced two lines – the iON evo AS and iON evo AS SUV.
Tegeta Holding is a leading company in its home automotive industry, controlling owns a 70 per cent share of the Georgian tyre market. The company started importing tyres 26 years ago. Now, with 27 years of experience and more than 30 subsidiary companies, Tegeta is a partner of 300 global brands and a supplier of 150,000 branded products.
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