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.
Cooper Tire Asia has earned the 2018 Statistical Quality Award and the Simultaneous Engineering (SE) Achievement Award from Great Wall Motors Company Limited. Great Wall is China’s largest SUV and pickup truck manufacturer, producing vehicles under the Haval and Great Wall brands. Cooper, which has been supplying original equipment tyres to Great Wall since 2011, was the only tyre company recognised by the automaker with these awards.
15 months after bidding got underway, Qingdao-based Doublestar and its consortium of Chinese banks and investors bought 45 per cent of the South Korean tyremaker Kumho Tire over the Easter weekend. Whatever other clauses are written into the deal, following the release of shares issued for the purpose of the sale, Kumho Tire’s creditors will own a 23.1 per cent shareholding in the tyre maker, down from 42.01 per cent. This makes the Chinese tyre firm controlling shareholders in South Korea’s Kumho Tire.
Korea Development Bank (KDB), the main creditor of Kumho Tire, has plans to put a no-strike clause in Doublestar’s current bid to buy Kumho.
While US President Donald Trump may be talking up the benefits of a trade way, after reviewing certain tariffs on passenger and light truck (PLT) tyres imported from China, the US Department of Commerce (DOC) has adjusted some of its antidumping and countervailing rates. Reductions in the antidumping tariffs for the period from 27 January 2015 through 31 July 2016 include the rate for Giti Tire dropping from 30.74 per cent to 1.5 per cent and Qingdao Sentury Tire dropping from 25.84 per cent to 4.41 per cent.
On Saturday 17 March, vehicle manufacturer Geely Auto held its Annual Supplier Conference in Sanya, China, and one of the companies honoured with a ‘Best Partner’ award during the proceedings was Linglong Tire. The tyre maker states that this award from Geely represents the “biggest affirmation” of its activities last year.
At the ZC Rubber dealer meeting held in late January, the ZC Rubber reported that its 2017 sales revenue was up by about 22 per cent.
Having previously been ruled out of the running to buy Kumho Tire, Qingdao, China-based manufacturer Doublestar Tire is once again in pole-position to buy the South Korean tyremaker. “Doublestar Tire is the best option in view of a fast restoration of Kumho Tire and its corporation in China and the minimization of our losses”, Kumho’s creditors said in a widely reported statement.
Premier Tyres and Plastics International (PTPI) is a new company with a long corporate history and values through Yanchang Rubber, Sinopec Solutions and China-based leading shipping and finance companies.
When Chinese New Year was celebrated in Central London it was estimated to be attended by over 700,000 people. This makes it the biggest event of its kind outside China and the main stage for the event was in the iconic Trafalgar Square.
Cooper Tire Asia has received the 2017 Excellent Supplier award from Beijing Automotive Industry Corporation (BAIC). The award was given at BAIC’s recent annual supplier conference held in Beijing. Nearly 150 suppliers were invited to the event where Cooper was presented with the award in the off-road vehicle segment.
After over 60 year in the tyre wholesale industry, is it no surprise to learn RH Claydon will again be exhibiting at the CV show from the 24 – 26 April 2018.
The news that commercial vehicle tyre registration took effect on 1 February has been met with lots of questions from inside the trade. At the most panicked end of the spectrum, some wholesalers fear that all Chinese-produced truck tyres could end up being subject to at least a 30 per cent levy.
On 1 February the European Commission began implementing regulation (EU) 2018/163, making imports of new and retreaded commercial vehicle tyres originating from China subject to registration. The news follows the initiation of anti-dumping proceedings on 11 August 2017 and anti-subsidy proceedings on 14 October 2017.
Shandong O’Green Group has announced plans to exhibit at Tyre & Rubber Indonesia 2018.
Established in July 2006, O’Green is located in Guangrao, Dongying, Shandong. The company, covering an area of 360,000 square meters, has a capital of 2 billion yuan and annual output of 3 billion yuan as well as over 2000 staff including 260 technicians.
CST is expanding its UK ATV tyre portfolio with the addition of the Stag and Behemoth.
The launch of the Stag and Behemoth ranges coincides with the hopeful anticipation of warmer, dryer weather conditions bought about by the British summer. Whilst the Stag is an all-weather, all-conditions tyre that offers fantastic year-round performance, the Behemoth has been designed with dryer conditions in mind and is classed as an intermediate ATV tyre, designed to conquer any trail in woodlands or desert environments.
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