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Now one of the largest tyre-producing countries in the world, China has an indisputable influence on the direction of global tyre trade. The home of both fast-growing up-and-coming brands as well as a burgeoning domestic market, this tag chronicles China’s involvement with the tyre business.

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‘Born for the electric age’ – Prinx debuts latest products

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When Prinx Chengshan presented its flagship Prinx tyre brand at The Tire Cologne in May, talk was of its introduction in European markets later in 2022. The tyre maker also displayed a pair of Prinx tyres scheduled for launch in China ahead of the brand’s arrival here. These tyres have now hit the market in the People’s Republic and signal the brand’s repositioning as a range “born for the electric age.” Prinx Chengshan will show them off the China International Tire & Wheel Fair in Qingdao this week.

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Related news:

  1. Prinx Chengshan to launch “Prinx” brand in Europe by the end of 2017
  2. Prinx truck tyres being distributed in the USA by TBC
  3. Prinx Chengshan: Profit down 24.7% despite higher revenue in 2021
  4. ZC Rubber expands Hyundai CV tyre supply in China
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Guizhou Tyre expands industrial tyres’ production

Guizhou Tyre

Guizhou Tyre (also known as Advance Tyre) is preparing to launch an industrial tyre manufacturing expansion project with an annual output of 300,000 a year. The total investment in this project is about 24 million yuan (£2.926 million; 3.486 million euros; US$3.588 million). The expansion project does not involve the acquisition of new land.

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Related news:

  1. Alliance Tire Buys GPX Assets
  2. Bosal opens emission systems plant in Chongqing, China
  3. Analysts: Cooper 3Q results surprise, but shares fall
  4. Hubei Linglong initiates truck tyre production
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Pakistan-China joint venture tyre plant in operation

Chaoyang Long March

The first phase of the China-Pakistan joint all-steel radial tyre plant, Service Long March (SLM), has been officially put into production, with an annual output of 740,000 sets of all-steel radial tyres.

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Related news:

  1. Chaoyang Long March invests in $250 million Pakistan joint venture
  2. Official opening held for Conti’s Sumter tyre plant
  3. Triangle and Goodyear in ‘long-term cooperation’
  4. Hubei Linglong initiates truck tyre production
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Bridgestone pulls out of several China projects

Bridgestone

Several Bridgestone-related companies in China have changed their industrial and commercial registration information recently. Indeed, the changes suggest Bridgestone has pulled out of several non-tyre projects in the People’s Republic

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Related news:

  1. Retention of Chinese tyre tariffs a “good outcome”, says US union
  2. Bridgestone wins patent infringement lawsuit against Wanli
  3. Trademark infringement: Bridgestone wins another case in China
  4. Wurst joins Triangle Tire USA as senior development engineer
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Fighting unfair trade: South Africa’s SATMC defends tariff application

South Africa is currently contemplating anti-dumping tariffs for tyres imported from China, and an investigation is currently in its preliminary phase. A healthy head of steam has already built up on both sides of the argument, with the recent debate including a claim from the Tyre Importers Association of South Africa (TIASA) that the tariffs will simply result in Chinese imports being substituted for tyres from Europe or Japan. The South African Tyre Manufacturers Conference (SATMC) has issued a statement countering assertions such as this.

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Related news:

  1. South Africa considering import duties for Chinese tyres
  2. NTDA: EC anti-subsidy decision ‘no great surprise’
  3. Chinese truck/bus tyres: US court partially rejects determination
  4. USA retains duties on PLT tyres
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China’s tyre production grows in June

Although Chinese factories produced significantly fewer tyres in the first half of 2022 than in the same period last year, monthly figures released by the country’s National Bureau of Statistics show a return to year-on-year growth in June. A total of 76.98 million tyres were manufactured within China last month, a 1.2 per cent year-on-year increase and 6.75 million more than were produced in May 2022.

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Related news:

  1. Shanghai lockdown severely impacting the region’s tyre industry
  2. Bridgestone pausing production at 11 Japanese facilities
  3. No CITExpo show in 2020
  4. Apollo Tyres hoping to restart Perambra plant production next week
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South Africa considering import duties for Chinese tyres

South Africa’s International Trade Administration Commission (ITAC) announced in January that it would look at allegations of dumping levelled against importers of tyres from China. This investigation is still ongoing, but opponents warn that if authorities decide to apply duties to these products, the cost of tyres could increase by up to 41 per cent, with price rises for transportation and essential products a knock-on effect.

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Related news:

  1. South African tyre association seeks anti-dumping protection
  2. EU makes final truck tyre anti-dumping duties decision, retains fixed rates for manufacturers
  3. USA retains duties on PLT tyres
  4. Chinese truck/bus tyres: EU introducing anti-dumping duties tomorrow
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Sailun Dongjiakou factory construction underway

Screenshot from local media coverage

On 20 July 2022, the launch ceremony of the Advanced Polymer and Metal Materials Industrial Park in Qingdao City, Shandong Province was held. Tyrepress noted that among the seven projects that started construction, the Functional New Material Industrial Park belonging to the National Engineering Research Center for Rubber and Tire (NECRAT) was included.

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Related news:

  1. Kumho Vietnamese Plant – Latest
  2. Hangzhou Zhongce confirms Thai factory reports
  3. Georgia selected as location for $500 million Sentury Tire US factory
  4. Sailun investing in 8th tyre factory
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Brembo and Gold Phoenix invest 35 million euros in aftermarket brake joint venture

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Mike’s Photography; Pixabay

Brembo and Chinese brake manufacturer Gold Phoenix have signed a 50:50 Joint Venture agreement to create Shandong BRGP Friction Technology Co. Ltd, the first large scale Brembo manufacturing facility fully dedicated to producing aftermarket brake pads. Brembo and Gold Phoenix have agreed to invest 35 million euros in the project over the next three years. Shandong BRGP Friction Technology Co., Ltd is expected to start operations in early 2023 in Jinan, the capital of Shandong province in Eastern China.

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Related news:

  1. Brembo to invest €32 million in Mexico caliper plant
  2. Brembo reports 1H sales of 1.1468 billion, EBIT up 42%
  3. Serbia open for business
  4. Jinyu: Further international tyre factories on the agenda
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Worker dies at Hankook’s Jiangsu, China tyre factory

Huai’an Economic & Technological Development Zone Administration

At 22:20 on April 7, a mechanical injury occurred within the Banbury workshop on the west side of Hankook’s Jiangsu, China plant, causing the death of the operator of a Banbury machine. Recently, the government department where the factory is located released an investigation report on the incident.

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Related news:

  1. The Market is Ripe for Korean Tyre Makers
  2. Hankook scales back production, sets record inventory glut
  3. EU makes final truck tyre anti-dumping duties decision, retains fixed rates for manufacturers
  4. Hankook invests in its Chinese Sealguard self-sealing tyre capacity, expanding US car tyre plant
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Aeolus and Doublestar both report sharp declines in net profit

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Doublestar

Aeolus and Doublestar recently reported operating results for the first half of 2022. Both show sharp declines in net profits for the two companies that have controlling interests in global tyremakers Prometeon and Kumho respectively.

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Related news:

  1. Serbia open for business
  2. The top 10 listed Chinese tyre companies 2022
  3. Profits fall at large Chinese tyremakers
  4. Doublestar back in pole-position for Kumho purchase
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Huasheng Rubber and Haoyu Rubber fined

Huasheng Rubber

Two Chinese tyre manufacturers, Shandong Huasheng Rubber Co., Ltd. and Shandong Haoyu Rubber Co., Ltd., suffered administrative penalties in June due to production safety issues. Both companies are located in Guangrao County, Dongying City, Shandong Province.

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Related news:

  1. Hankook’s Explosive Growth
  2. Triangle’s 2013 global summit exemplifies Chinese globalisation ambitions
  3. Fengli Tyre goes green
  4. Analysts: Cooper 3Q results surprise, but shares fall
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ZC Rubber increasing OE business with VW, Ford

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China’s ZC Rubber, manufacturer of the Westlake, Goodride, Chaoyang, Arisun and Trazano tyre brands, has shared news of its recent activities in the original equipment tyre supply business, a sector where it has been present for more than a decade. In recent months the company added Volkswagen and Ford/Lincoln to its OEM portfolio, joining firms such as Jaguar Land Rover, Volvo, Changan Auto, Great Wall Motor and Geely.

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Related news:

  1. ZC Rubber debuts Flagship Series –global rollout in coming year
  2. Global launch for ZC Rubber’s Flagship Series at virtual dealer conference
  3. BYD EA1 debuts on Chaoyang tyres
  4. ZC Rubber opens virtual Westlake, Goodride & Arisun showrooms
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Shandong provincial government ‘eliminating’ outdated tyre production capacity

没电的话筒; Pixabay

The recent publication of Shandong provincial government’s 2022 six department work plan states that the authorities are promoting the elimination of outdated production capacity. Within that, it is worth noting that the tyre industry is described as a regulatory priority. Specifically, if a tyre manufacturer’s annual output cannot reach 1.2 million all-steel radial tyres (excluding engineering tyres, aviation tyres and wide-section tubeless tyres) or 5 million semi-steel radial tyres (excluding run-flat tyres, high-end racing tyres, and ultra-low profile tyres), it is highly likely to be forced to integrate or exit.

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Related news:

  1. European ‘Anti-Dumping’ Investigation Could Mean 30% Duty on Chinese Alloys
  2. Anti-Dumping Pressure Mounts on Chinese Tyre Makers
  3. Nexen Aiming to Produce 20 million Tyres in Qingdao by 2017
  4. Nexen aiming for US$2.5 billion sales by 2015
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Aeolus gains additional 38% stake in Prometeon

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On 28 June, China National Tyre & Rubber Co., Ltd (CNRC), a subsidiary of state-owned conglomerate Sinochem Holdings, completed the acquisition of the 38 per cent share in Prometeon Tyre Group (PRG) owned by High Grade (HK) Investment Management Ltd. Once it has concluded “internal decision-making procedures,” CNRC will entrust its stake in PTG to Aeolus Tyre.

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Related news:

  1. ChemChina entrusts Aeolus with Prometeon Tyre Group shares
  2. Sinochem Holdings established through ChemChina, Sinochem restructuring
  3. Prometeon/Aeolus integration stalls
  4. Tronchetti Provera proposes Prometeon chairman as deputy CEO of Pirelli
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