You are here: / Cheng Shin

Posts

Sailun approaching global top 10 tyre manufacturer ranking

,

On 30 May, Cheng Shin Rubber released its 2023 annual report. In terms of sales, the tyre manufacturer’s sales in 2023 were all lower than the previous year. Among all categories of tyres, the sales of motorcycle tyres increased by 0.34 per cent year-on-year, which was flat. However, the sales volume of PCR, TBR, bicycle tyres, inner tubes and other tyre products all declined to varying degrees. The decline in PCR and TBR products was 12.92 per cent and 26.08 per cent.

Membership Required

If you are not yet a Tyrepress or Tyres & Accessories subscriber, you can change that here.

Subscribe now

Becoming a member has benefits such as:

  • Read our sector-leading articles in full
  • Full analysis of tyre business segments
  • Read Tyres & Accessories magazine online/in print

Already a member? Log in here

Related news:

  1. Decennial shift in global PCLT tyre volume market share
  2. Sailun: 7 million tyres sold in Europe and counting
  3. Sailun bond issuance application approved
  4. Nine tyre brands shortlisted in the top 500 Chinese brands
/by

Cheng Shin’s revenue in 2023 decreased 2.08%

,

Cheng Shin Rubber has not yet disclosed its 2023 annual report, but it announced its 2023 revenue on the Taiwan Securities Exchange. Compared with the previous year, Cheng Shin Rubber’s yearly revenue decreased by 2.08 per cent.

Membership Required

If you are not yet a Tyrepress or Tyres & Accessories subscriber, you can change that here.

Subscribe now

Becoming a member has benefits such as:

  • Read our sector-leading articles in full
  • Full analysis of tyre business segments
  • Read Tyres & Accessories magazine online/in print

Already a member? Log in here

Related news:

  1. Chinese tyre makers lost share value in 2011
  2. Maxxis re-appoints Dr Wally Chen as chairman
  3. Doublestar suffers huge losses
  4. Subsidies didn’t stop Doublestar losing money in Q3
/by

Cheng Shin’s revenue in the first 9 months fell

Recently, Cheng Shin Rubber held a third-quarter briefing meeting. As of September 30, 2023, the company can produce 23,000 all-steel radial tyres and 179,000 semi-steel radial tyres per day. From January to September, the tyre manufacturer’s revenue and net profit were approximately NT$73.5 billion (about £1.85 billion; €2.16 billion) and NT$5.6 billion (about £140 million; €160 million).

Membership Required

If you are not yet a Tyrepress or Tyres & Accessories subscriber, you can change that here.

Subscribe now

Becoming a member has benefits such as:

  • Read our sector-leading articles in full
  • Full analysis of tyre business segments
  • Read Tyres & Accessories magazine online/in print

Already a member? Log in here

Related news:

  1. Investments Signal Maxxis’ Competitive Intentions
  2. Maxxis rewards leading retailers with Shanghai trip
  3. Report: Cheng Shin, Kenda earnings to grow fast in 1Q 2012
  4. Nine tyre brands shortlisted in the top 500 Chinese brands
/by

Nine tyre brands shortlisted in the top 500 Chinese brands

Recently, the World Brand Summit 2023 was held in Beijing. Tyrepress China learned that nine tyre manufacturing companies had been listed in “China’s 500 Most Valuable Brands”.

Read more

Related news:

  1. The top 10 listed Chinese tyre companies 2022
  2. Sailun rising: China’s listed tyre companies ranked in 2022 Q3
  3. Chinese listed tyre companies release third-quarter results
  4. Pessimistic Chinese tyre industry: what does the future hold?
/by

Cheng Shin launching 40 million tyre capacity expansion in China

Cheng Shin

Luo Yongli, deputy general manager of the company, recently told a briefing that he is optimistic about the operation of Cheng Shin in 2023. In the past, Cheng Shin has reportedly significantly reduced capital expenditures to combat adversity in the operating environment. But with the overall situation expected to improve, the tyre maker will start expanding production capacity, including launching a 40 million tyre capacity expansion plan at factories in mainland China.

Read more

Related news:

  1. Maxxis re-appoints Dr Wally Chen as chairman
  2. Thailand woos global tyre manufacturers
  3. Report: Carbon black manufacturing is moving to China and India
  4. Maxxis/Cheng Shin investing $500 million in tyre factory construction and expansion
/by

Cheng Shin Rubber increased capital in Indonesia factory

Cheng Shin

On 10 November, Cheng Shin Rubber Ind., Co., Ltd. announced that it is preparing to increase the capital of PT. Maxxis International Indonesia by US$30 million (about £25.53 million pounds; 29.01 million euros). Cheng Shin Rubber said that the capital increase meets the operation’s needs.

Read more

Related news:

  1. Cheng Shin investing more in Indonesia project
  2. Maxxis/Cheng Shin investing $500 million in tyre factory construction and expansion
  3. Indonesia’s president-elect supports Maxxis tyre factory plans
  4. Chinese contingent view potential Thai rubber sources
/by

Four tyre companies release September results

,
Cheng Shin

Recently, four Taiwanese tyre manufacturers, Cheng Shin, Nankang, Federal and Kenda, successively announced their September results. In September, Cheng Shin’s operating revenue was approximately NT$8.875 billion (about 244 million pounds, 280 million euros), an increase of 13.03 per cent over the same period last year.

Read more

Related news:

  1. Taiwan-based tyre manufacturers raising prices
  2. Nankang Tyre took over “management rights” of Federal in Q4 2021
  3. Nankang and Federal’s cumulative operating revenue declined
  4. Kenda buys Starco
/by

Cheng Shin Factory punished for exhaust emissions

Xiamen Haicang Ecological Environment Bureau

On 7 September, an administrative penalty decision issued by Xiamen’s environmental protection department showed that Cheng Shin Tire (Xiamen) Co., Ltd was fined 23,857 yuan for an exhaust gas problem.

Read more

Related news:

  1. Manufacturing Agreements Signed Between Nokian And Michelin
  2. Maxxis unveils $150m Shanghai proving ground
  3. Toyo investing 390 million euros in Serbia tyre factory
  4. Tatneft investing 217 million euros in Kazakhstan tyre factory
/by

Cheng Shin Chongqing plant suspended production for a week

Xuda Wang

On the afternoon of 16 August Cheng Shin announced that production at its Chongqing factory would be suspended between 16 and 23 August to cooperate with the local government’s power policy. It is reported that Changshou District, Chongqing City, where the Cheng Shin factory is located, has experienced continuous high temperatures recently, and the power supply gap has continued to expand. The local government advocates for industrial enterprises to stop production to ensure electricity consumption for residents and ease the pressure on the power supply.

Read more

Related news:

  1. Maxxis unveils $150m Shanghai proving ground
  2. Maxxis Marks Ten Years of British Motocross Sponsorship
  3. Cheng Shin looks to China for growth
  4. Maxxis re-appoints Dr Wally Chen as chairman
/by

Vietnam-based tyremakers could be “cleared” by US anti-dumping investigation

,
Ministry of Industry and Trade of the Socialist Republic of Vietnam [MoIT

Vietnamese officials have interpreted the US Department of Commerce (DOC) anti-dumping investigation preliminary conclusions as “very positive” for Vietnam-produced car tyres. There was even hope that cooperative Vietnam-based tyre manufacturers Local newspapers read this mean Vietnamese tyre factories had been “cleared” by the investigation.

Read more

Related news:

  1. Chinese tyre makers off-shoring in Southeast Asia
  2. Zhongce Rubber enters global top ten tyre manufacturers
  3. 19 finalists chosen for 2015 AutoBild winter tyre test
  4. US imposes Chinese tyre import tariffs
/by

Maxxis re-appoints Dr Wally Chen as chairman

, ,
Former Maxxis International president Dr Wally Chen (pictured) is now Maxxis/Cheng Shin chairmanMaxxis International

Former Maxxis International president Dr Wally Chen is leaving retirement to assume the chairmanship of the company. Dr Chen, who oversaw Maxxis’ rise to the ranks of the world’s top 10 tyre companies, will assume the chairmanship effective immediately following a vote by the company’s board of directors at a recent meeting. He replaces former Maxxis/Cheng Shin chairman Robert Lo (pictured).

Read more

Related news:

  1. Maxxis/Cheng Shin investing $500 million in tyre factory construction and expansion
  2. Cheng Shin appoints new chairman, outlines Indonesia project at AGM
  3. Poland – most likely site for Apollo’s new factory?
  4. Management changes at Norbar
/by

Decennial shift in global PCLT tyre volume market share

, ,

The latest global tyre market share figures from tyre industry analyst Astutus Research show how long-established, leading players headquartered in Japan, Europe, and North America have seen their volume share diminish, while Chinese, ASEAN, and selected other markets’ tyre manufacturers’ share has risen. The analyst states that in aggregate, the ten leading PCLT tyre manufacturers based in Japan, Europe and North America (J-E-NA) have lost almost 6 percentage points of market share since the end of 2011 (OE and replacement segments combined, volumes in tyre units). In part this reflects a strategic choice of some to focus on the higher value premium segments of the market.

Membership Required

If you are not yet a Tyrepress or Tyres & Accessories subscriber, you can change that here.

Subscribe now

Becoming a member has benefits such as:

  • Read our sector-leading articles in full
  • Full analysis of tyre business segments
  • Read Tyres & Accessories magazine online/in print

Already a member? Log in here

Related news:

  1. Zhongce Rubber enters global top ten tyre manufacturers
  2. Giti enters the top 10 of leading tyre manufacturers
  3. Shifts in leading tyre manufacturer rankings, 2015-2019
  4. Pirelli, Hankook continue close rivalry in list of Leading Tyre Manufacturers
/by

Taiwan-based tyre manufacturers raising prices

,

The leading Taiwanese tyre manufactures are reportedly planning to raise prices by between 8-12 per cent during 2017. According to local news reports, the price hike is a reaction to the jump in synthetic rubber and natural rubber prices.

Read more

Related news:

  1. DuPont polymers to increase prices
  2. DuPont increases Zytel prices globally
  3. IRSG: World rubber demand to rise 2.5% in 2019
  4. Chinese contingent view potential Thai rubber sources
/by

Cheng Shin chairman talks Maxxis globalisation strategies on Reifen stand

,

Maxxis exhibited at Reifen from a prominent Hall 3 stand commensurate with the brand’s global positioning, and increasingly with its focus on Europe. Robert Lo, chairman of Maxxis manufacturer Cheng Shin Rubber Ind Co and Derek McMartin, managing director of Maxxis International UK explained to Tyres & Accessories that the stand included a portfolio containing the brand’s first “dedicated European products”. The new M36+, launched at Reifen, is perhaps the most prominent example of this.

Read more

Related news:

  1. Maxxis launches Energtra MEco3
  2. Maxxis Vietnam Factory’s Output to Increase to 16,000 Tyres Daily
  3. Maxxis to unveil first European runflat tyre, M36+
  4. KTM approves Maxxis Supermaxx ST on 790 Duke
/by

Maxxis confirms India tyre factory plans

,

Maxxis has confirmed that Maxxis/Cheng Shin company chairman Tsai-Jen Lo recently visited the chief minister of the Indian state of Gujarat, finalising plans for Maxxis’ first plant in India.

Read more

Related news:

  1. Reports: Maxxis/Cheng Shin planning India factory
  2. Maxxis/Cheng Shin investing $500 million in tyre factory construction and expansion
  3. MRF to increase tyre production capacity – reports
  4. Maxxis re-appoints Dr Wally Chen as chairman
/by

We see you are visiting us from China.

If you would like the latest news from the Chinese tyre industry in Chinese, visit our partner site TyrepressChina.com. Or click below to continue on Tyrepress.