Triangle increase prices in America
Triangle Tire’s US branch has announced plans to raise tyre prices up to 6 per cent “in-line adjustments on all its products sold in the US beginning 1 October 2017”.
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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India introduces Chinese anti-dumping tariffs
India’s Ministry of Finance has imposed an anti-dumping duty on truck and bus radial (TBR) tyres imported from China. The duty ranges from $245.35 – $452.33 per ton, according to a notification from the Central Board Excise and Customs (CBEC), and has been applied to “new pneumatic radial tyres with or without tubes and/or flap of rubber (including tubeless tyres) having nominal rim diameter code above 16 (inch)”.
Inaugural Tire+ opens in Shanghai
The inaugural Tire+ exhibition made its debut in Shanghai today. Beginning with an opening parade of the CEOs of the top 12 Chinese tyre manufacturers, which was covered by national broadcaster CCTV, organisers CURC have taken steps to reflect the Chinese tyre industry’s increasing focus on quality. It also means large and professional stands from many of the biggest firms in the business including: ZC Rubber, Linglong, Sailun Jinyu, Doublestar, Triangle, Double Coin, Aeolus, Prinx Chengshan and Guizhou/Advance Tyre – to name just a few. This is all supplemented by an impressive number of forum discussions and four halls of tyre and rubber manufacturing stands in the RubberTech exhibition next door.
CITExpo celebrates 15th anniversary with record-breaking attendance in Shanghai
The 15th China International Tire Expo (CITExpo) reports that 14,000 professional visitors came from 120 countries in search of business opportunities in China. There were some 6800 overseas visitors as well as 7200 domestic visitors and 40,000 square metres exhibition space.
Reports: Doublestar/Kumho acquisition close to collapse
Doublestar’s proposed acquisition of Kumho is reportedly close to collapse after the Qingdao-Chinese tyre manufacturer asked for a double-digit discount. According to reports in the Nikkei, Kumho’s major shareholders are planning to write to Doublestar asking the firm to agree to the end of bid talks between the two parties.
China starts anti-dumping probe into EU rubber imports
At the end of August China’s Ministry of Commerce began a year-long anti-dumping investigations into imported hydrogenated butyl rubber from the European Union, the United Sates and Singapore.
Smithers runs Chinese tyre industry training
Rubber, plastics and composites testing specialist Smithers Rapra recently ran training at the Tire Technology Training Course, which was organized by The Rubber Institute of Chemical Industry and Engineering Society of China along with the Beijing University of Chemical Technology.
How do you get anything done in China?
“I just don’t get China!”, “As a foreigner, how do you get anything done in that country?”, “How can you trust the Chinese?” Having worked with China for nearly two decades now, I get many of these questions from friends and colleagues. They realise the need to do business with China and are having some trouble navigating the choppy waters. So here are some of my thoughts – in the hope I don’t offend any of my Chinese friends!
ChemChina signs Industry 4.0 MOU with Fraunhofer
On August 1, 2017 China National Chemical Equipment (CNCE; also known as ChemChian) and Fraunhofer Institute for Manufacturing Engineering and Automation (Fraunhofer) under Fraunhofer-Gesellschaft signed a strategic cooperation memorandum of understanding (MOU) in Munich. According to the MOU, the two sides will cooperate with each other in the fields of new chemical materials, intelligent manufacturing, automation and information technology.
Emissions inspections push Chinese tyremakers to the brink
With a headline like that, you could be forgiven for thinking that this month’s column refers to the ongoing geopolitical sabre rattling taking place between China’s North Korean neighbours and the USA. However, as important as the hint of nuclear escalation is, here we focus on how the overheating Chinese tyre market is as close as it has ever been to boiling over. Two key subjects have raised the temperature in the People’s Republic during the last month or so: The European Commission’s (EC) decision to initiate an anti-dumping investigation against Chinese-produced truck and bus tyres; and the even more imminent effects of local environmental emissions investigations within China itself, which have led to the suspension and even closure of numerous businesses in the country (see below).
Stamford Tyres establishes subsidiary in China
Stamford Tyres (Hong Kong) Ltd., a subsidiary of Singapore-based Stamford Tyres Corporation Limited, has set up a wholly-owned subsidiary in China. The new company, Stamford Tyres Dongguan Co Ltd., was set up with a registered capital of US$1 million and will principally engage in the wholesale and distribution of tyres, wheels and automotive accessories.
CITExpo 2017 opens in Shanghai
The 15th edition of the China International Tire Expo has opened at the Shanghai World Expo Exhibition & Convention Center. Exhibitors at the show comprise a mix of growing tyre manufacturers from the Chinese market, international trading companies, wheel suppliers and others, while. In addition to Chinese industry players, Europe is represented by UK distributor Oak Tyres’ Davanti tyre brand, FM Tyres from the Netherlands, and Italian distributor Franco Gomme, while Singapore’s Stamford Tyres and Taiwan’s Nankang add to the international exhibitor base. The internationalism of the show is also reflected in the visitors arriving today from five continents.
UTH exhibiting fine-mesh straining equipment at RubberTech China 2017
Fulda, Germany-based UTH GmbH is set to exhibit its extended range of products, covering both roll-ex fine-mesh straining systems and roll-ex gear pump technology at RubberTech China 2017. RubberTech China is set to run from 20 to 22 September New International Exhibition Centre in Shanghai.
Anti-dumping – EC to investigate Chinese tyre imports to Europe
The European Commission has issued notice that it will initiate an anti-dumping proceeding focusing on imports of truck and bus tyres originating in the People’s Republic of China. The Commission is taking this course of action as a result of a complaint received on 30 June by the “coalition against unfair tyres imports,” a group representing the interests of manufacturers who account for more than 45 per cent of all new and retreaded truck and bus tyre production in the European Union.
It’s “high time” for anti-dumping duties, says JK Tyre & Industries’ Singhania
Days after India’s Directorate General of Anti-Dumping published its final findings into truck and bus tyres imported from China and recommended the introduction of anti-dumping duties for certain products, the chairman and managing director of the country’s largest domestic producer of truck and bus radials supported the measure with comments of his own. During his speech at JK Tyre & Industries Ltd’s annual general meeting on 4 August, Dr Raghupati Singhania declared it is “high time” India’s government undertook such a step.
