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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.

Tag Archive for: China

Why Doublestar’s Kumho purchase is a good idea

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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.

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Related news:

  1. Doublestar the only bidder left to buy Kumho
  2. Doublestar back in pole-position for Kumho purchase
  3. Kumho takeover implosion isn’t the end of market consolidation attempts
  4. Acquisition ugliness: Kumho Tire execs threaten mass resignation
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KDB wants a no-strike clause in Kumho/Doublestar deal

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.

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Related news:

  1. Reports: Doublestar/Kumho acquisition close to collapse
  2. Doublestar back in pole-position for Kumho purchase
  3. Apollo Tyres ‘has no intention’ of entering Kumho acquisition race
  4. Kumho Tire CEO ‘grateful’ for dealers’ support as first post-acquisition tyre launched
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US reduces Chinese-produced car tyre tariffs

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.

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Related news:

  1. US investigation into Chinese tyre imports to continue
  2. Trump puts 25% import tariff on Chinese aircraft tyres
  3. Chinese truck/bus tyres: US court partially rejects determination
  4. US tariffs hit Chinese alloy wheel exports
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Linglong Tire a Geely ‘Best Partner’

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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.

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Related news:

  1. Linglong IPO attracts 2000x more interest than offer
  2. Linglong Tire progressing with recycling, pyrolysis projects
  3. Linglong Tire signs cooperation agreement with Geely
  4. Linglong starts partnership with SGMW
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ZC Rubber sales up 22%

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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.

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Related news:

  1. Chinese tyre makers off-shoring in Southeast Asia
  2. Jiangsu General investing US$300 million in Thailand tyre plant
  3. Prinx Chengshan the only HKEX-listed tyremaker at Tire+
  4. Prinx Chengshan hosts dealer conference in Xi’an
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Doublestar back in pole-position for Kumho purchase

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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.

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Related news:

  1. Doublestar the only bidder left to buy Kumho
  2. Acquisition ugliness: Kumho Tire execs threaten mass resignation
  3. Kumho Tire proposal ‘tentatively’ accepted
  4. Why Doublestar’s Kumho purchase is a good idea
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New company Premier Tyres and Plastics International established

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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.

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Related news:

  1. Yanchang/Duraturn set their sights on European assets
  2. Yanchang Rubber/Duraturn exhibiting at Tire Cologne
  3. Shaanxi Yanchang Considering PCR Plant
  4. Duraturn UK establishes local sales team
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Duraturn Tyres celebrates Chinese New Year in Trafalgar Square

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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.

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Related news:

  1. Duraturn UK establishes local sales team
  2. Doublestar names Antonio Smith as general director for Spain and Portugal
  3. Ex-Triangle and Goodyear Tire executive Cohade joins Johnson Controls
  4. Dipstix growing FlexiFix network
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Beijing Automotive Industry presents Excellent Supplier Award to Cooper Asia

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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.

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Related news:

  1. Cooper Tire gains two Great Wall awards
  2. Cooper Tire Continues ‘Happy Soccer Class’ at Yellow Mountain
  3. Pirelli wins BMW Supplier Innovation Award
  4. Cooper Tire Asia wins Beijing Automotive supplier award
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RH Claydon exhibiting Annaite at CV Show

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.

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Related news:

  1. RH Claydon to increase presence, display key truck brands at CV Show
  2. Tym International ceases trading, RH Claydon takes over Triangle OTR and truck tyre distribution
  3. RH Claydon displays Basoon range at CV Show
  4. Giti to show GTR955 Combi Road, Team Oliver Racing partnership at CV Show 2019
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Will import tariffs land in the UK?

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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.

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Related news:

  1. Tariff fightback? What importers and associations are doing in response to European anti-Chinese truck tyre duties
  2. Truck tyre tariffs to end Chinese import tsunami
  3. EU publishes definitive anti-subsidy and updated anti-dumping rates
  4. EU makes final truck tyre anti-dumping duties decision, retains fixed rates for manufacturers
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EU begins registering Chinese truck tyre imports

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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.

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Related news:

  1. NTDA: EC anti-subsidy decision ‘no great surprise’
  2. EU makes final truck tyre anti-dumping duties decision, retains fixed rates for manufacturers
  3. EU publishes definitive anti-subsidy and updated anti-dumping rates
  4. Anti-dumping – EC to investigate Chinese tyre imports to Europe
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O’Green Tire exhibiting at Tyre & Rubber Indonesia 2018

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.

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Related news:

  1. Giti Tire Europe – Link Into Europe
  2. 17,421 trade visitors from 120 countries attended Automechanika Middle East
  3. Momo aims to generate international interest in 2014
  4. MRF exhibiting at Tyre & Rubber Indonesia 2017
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CST launches two new ATV tyres in UK

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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Related news:

  1. Landsail claims to being driving innovation in UHP sector
  2. 2018 has been ‘Up in the air’
  3. Global SUV boom continues…
  4. Have the truck tyre import tariffs ‘worked’?
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Hankook tyres for electrified bus fleet

Chinese bus fleet operator Guangzhou Jumbo Bus Co Ltd. intends to convert its entire fleet of LNG-powered buses to electric propulsion over the coming three years, and as it does so will exclusively shod its fleet with Hankook tyres. Jumbo Bus, which operates six city bus companies and a total of 4,500 buses, signed a memorandum of understanding with Hankook Tire this month covering the supply of tyres specifically developed for electric buses.

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Related news:

  1. Chinese truck tyres: EC proposes revised anti-dumping duties
  2. EU makes final truck tyre anti-dumping duties decision, retains fixed rates for manufacturers
  3. Work Begins on Nexen PCR Plant
  4. Michelin presents higher-load tyre for electric buses
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