Guizhou Tyre plans to invest in Techking
TechkingGuizhou Tyre’s wholly-owned subsidiary Advance Investment plans to invest 25.5 million yuan (about £3 million pounds; 3.45 million euros) in Qingdao Win-Win Industry Fund.
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.
Tag Archive for: China
VMI defends IP against Safe-Run misappropriation
In three decisions made on 13 and 14 December 2022, the IP Tribunal of the Supreme People’s Court of China found in favour of VMI and against Safe-Run in litigation related to patent ownership disputes. VMI considers these decisions a victory “for all innovators everywhere.”
Will the future be better? Year-end summary of China’s tyre industry in 2022
Javier Allegue Barros; UnsplashAt 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.
Domestic Chinese tyre companies in recruitment drive
Andreas Felske; UnsplashRecently, several tyre manufacturers have released recruitment information, which is not enough to be strong evidence that China’s tyre industry is gradually recovering. However, the recruitment information shows that some Chinese tyre companies have not hesitated in the challenging environment.
Will new energy vehicle tyres be the future of the Chinese industry?
Ernie Journeys; UnsplashIn 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.
Sailun Dongying factory finds Covid-19, but deemed low risk
SailunIn order to prevent the spread of the Covid-19 virus, China has divided the entire country into two areas: high-risk areas and low-risk areas. When the Covid-19 infection is found in a particular place, the government labels it as a “high risk” area and implements stricter epidemic prevention policies. On 4 December 2022, the Sailun Dongying factory was listed as a high-risk area. A day later, on 5 December the local authority adjusted the tyre factory to a low-risk area.
China encourages foreign investment in the tyre industry
Alexander Mils; UnsplashRecently, the National Development and Reform Commission and the Ministry of Commerce released the “Catalogue of Industries for Encouraging Foreign Investment (2020 Version)”. The Chinese government hopes that foreign businessmen will invest in the industries listed in the document. The trade encouragement catalogue currently in use in China was released in 2020, and the 2022 version will come into force on 1 January 2023.
Pessimistic Chinese tyre industry: what does the future hold?
Christian Lue; Unsplash2022 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 tyre companies implement closed-loop management
Önder Örtel; UnsplashShandong Province, one of the leading tyre production areas in China, is once again affected by the Covid-19 epidemic. On December 1, there were 41 new confirmed cases and 623 asymptomatic infections in this area. To ensure production can continue, two tyre companies have announced the implementation of closed-loop management.
Toyo Tires alters Chinese brand name
On November 29, Toyo Tires issued a notice on its official Chinese website saying it will resume using the old Chinese brand name in the mainland market from 1 December. Both the old and new brand names are the Chinese translation of “Toyo Tires”. Toyo previously used this brand name in the Chinese market before 2015, subsequently changing its name to use the Chinese pronunciation of Toyo Tires to determine the new version of the brand and the company name.
Looking back, looking forward: 2022, tyres and the word ‘permacrisis’
Fran; UnsplashThis time last year we sought to sum up what can only be described as a tumultuous preceding 12 months by pointing to the Oxford English Dictionary word of 2021, which was “vax” – something that harked back to the heights of pandemic-related lockdowns. But for many it is still a current reality. The year before it the word of the year was “unprecedented”.
Bridgestone China Asia Pacific wins CSR and ESG gold awards
BridgestoneBridgestone China Asia Pacific (BSCAP) won Gold in both the CSR and ESG Leadership category, and the Best Environmental Excellence Award in the suite of awards facilitated by Pinnacle Group International. Bridgestone Australia & New Zealand’s ongoing commitment to the RYDA road safety education program and sustainable practices embedded within the Bandag retread business were highlighted as a significant contributor to the award victories. This is the fifth consecutive year that BSCAP has being recognised for its initiatives across the region at the Global CSR & ESG Awards.
European Commission: Tariffs won’t be ‘levied’ during ongoing investigation
Christian Lue; UnsplashIn September Tyrepress learned from China Rubber Industry Association (CRIA) that, on 14 September, CRIA and the European Commission (EC) investigators held an online hearing on the European Commission’s renewed anti-dumping and anti-subsidy investigations relating to the imports of Chinese-made truck tyres. Shortly afterwards, Tyrepress reported that Laurens Elsen, an EC investigator, said that the EC would contact EU customs to ensure that during the re-investigation, the relevant departments will not “impose” any anti-dumping and anti-subsidy measures on the tyre companies that prevail in the judgment of the European Court of Justice. However, European Commission representatives contested that interpretation, arguing that the language of levying rather than imposition is more appropriate.
Decision pending – Chinese TBR tyre distributors await EC’s tariff ‘recalculation’ details
ChutterSnap; UnsplashThe European representatives of Chinese tyre manufacturers continue to await the European Commission’s decision on the future of tariffs on truck tyres imported from the country following the European Court of Justice’s annulment of the tariffs introduced on 8 May 2018. While the EC’s deputies of the Unit DG Trade have talked about a “re-investigation” in response to Chinese representatives calling for the EC to implement fully the judgement of the ECJ, Tyres & Accessories understands that the more likely outcome is rather a recalculation of the tariffs the EC will apply, while manufacturers’ European operations are also bracing for the possibility of the backdated implementation of newly set rates. T&A asked Corrado Moglia, general manager of Triangle Tyre’s European operation, who has been representing the company’s interests in discussions with the EC, about how the situation is developing from his point of view.
Shandong Province promotes tyre industry upgrading
Triangle TyreOn 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.
