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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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Triangle ‘goes global’ at Weihai summit

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Triangle Tyre’s recent summit at the company’s headquarters in Weihai, Shandong Province continues the firm’s recent movement towards going global. The theme was “bring progress to the society, create civilization for human beings”, which when culturally translated speaks of the firm’s intention to be a CSR-conscious global player. According to the company, more than 400 customers were present including representatives of the likes of Caterpillar, Lanxess, Bekaert and VMI as well as the media researchers and scholars from different countries.

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Related news:

  1. Triangle Tyre celebrates 40th anniversary
  2. Chinese Exhibition Well Positioned for Growth
  3. Triangle receives innovative enterprise award
  4. Chinese tyre makers lost share value in 2011
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Linglong China Truck Racing Championship concludes

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On 5 October the Linglong Tire 2015 China Truck Racing Championship concluded at Beijing Jinggang Speedway, the final station of 2015 CTR. This truck racing challenge reportedly attracted plenty of truck fans from home and abroad coming to watch the live show. Linglong Tire was both the title sponsor and nominated tyre supplier.

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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. Linglong IPO attracts 2000x more interest than offer
  3. Linglong team wins 2017 China Truck Racing Championship
  4. Hubei Linglong initiates truck tyre production
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CITExpo bids farewell to Everbright in 13th edition, previews move to modern facility

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The 2015 edition of the China International Tire Expo opened on 9 September in Shanghai with around 350 exhibitors – the show’s most ever. The sustained growth represented by these numbers has led to the decision by organiser Reliable International Exhibition Services to transfer CITExpo to the Shanghai World Expo Exhibition and Convention Center (SWEECC), built in the centre of the 2010 Shanghai World Expo site. The show also boasts strong continuity, with around 80 per cent of 2014 exhibitors back in 2015, according to Reliable; in past years the organiser has come to expect a similar proportion of its customers booking their space for the following year during CITExpo.

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Related news:

  1. Show review: Reifen China 2014
  2. CITExpo 2015 to bid farewell to Everbright with largest edition projected
  3. CITExpo opens at Everbright for final time, previews move to modern facility
  4. CITExpo 2017 Review
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Michelin to use incadea solution for TyrePlus network in China

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Software solutions and services provider incadea has entered into an agreement with Michelin to deploy its incadea.fastfit tyre business management solution in more than 2,000 Tyreplus retail sites throughout China by 2018.

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Related news:

  1. Malaysia: Car tyre sales worth US$78 Million in Q4 2010
  2. Triangle’s 2013 global summit exemplifies Chinese globalisation ambitions
  3. Michelin expect strong growth in China
  4. Bridgestone To Build Tech Centre Alongside Wuxi Plant
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Marco Polo/ChemChina buy almost 10 per cent of Pirelli shares

On 29 September Marco Polo Industrial Holding S.p.A purchased 45,143,033 ordinary Pirelli & C. S.p.A. shares representing approximately 9.5 per cent of the company and 190,307 savings shares from certain investment funds managed by Paulson at a price of Euro 15.00 per share.

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Related news:

  1. ChemChina’s latest Pirelli shares held indirectly
  2. Pirelli is now Chinese owned
  3. ChemChina front-runner to buy Pirelli
  4. Regulator approves ChemChina/Pirelli offers
/by

Corruption – Continental replaces tyre sales management team in China

The entire sales management team within Continental’s tyre business in China has been removed from their duties, and an investigation has begun into allegations of corruption. German financial daily Handelsblatt reported yesterday that a number of managers allegedly “personally enriched” themselves through business transactions. Continental declined to officially comment on the situation as the investigation is not yet complete.

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Related news:

  1. Counterfeit ContiTech Drive Belts Seized and Shredded
  2. Conti Extends Asia Region Components JV
  3. Bridgestone wins trademark lawsuit against Chinese firms
  4. VMI wins case against Safe-Run
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CITExpo opens at Everbright for final time, previews move to modern facility

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The 2015 edition of the China International Tire Expo opened Wednesday in Shanghai, with around 350 exhibitors – the show’s most ever. The sustained growth represented by these numbers has led to the decision by organiser Reliable International Exhibition Services to transfer CITExpo to the Shanghai World Expo Exhibition and Convention Center (SWEECC), built in the centre of the 2010 Shanghai World Expo site. The show also boasts strong continuity, with around 80 per cent of 2014 exhibitors back in 2015, according to Reliable; in past years the organiser has come to expect a similar proportion of its customers booking their space for the following year during CITExpo.

Membership Required

If you are not yet a Tyrepress or Tyres & Accessories subscriber, you can change that here.

Subscribe now

Becoming a member has benefits such as:

  • Read our sector-leading articles in full
  • Full analysis of tyre business segments
  • Read Tyres & Accessories magazine online/in print

Already a member? Log in here

Related news:

  1. CITExpo bids farewell to Everbright in 13th edition, previews move to modern facility
  2. CITExpo 2015 to bid farewell to Everbright with largest edition projected
  3. ‘A good move’ – Exhibitors & visitors positive about new CITExpo venue
  4. CITExpo 2017 Review
/by

Rosneft and ChemChina sign cooperation agreement

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Rosneft and China National Chemical Corporation (ChemChina) signed a Heads of Agreement on cooperation in equity investment in ChemChina Petrochemical Corporation (CCPC) and a Memorandum of Understanding for cooperation on the project of the Far-East Petrochemical Company (FEPCO).

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Related news:

  1. Pirelli, Rosneft and Synthos move to next phase of synthetic rubber cooperation
  2. Pirelli and ChemChina agree closing date, triggering mandatory tender offer
  3. ChemChina front-runner to buy Pirelli
  4. Pirelli is now Chinese owned
/by

Regulator approves ChemChina/Pirelli offers

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Marco Polo Industrial Holding S.p.A. , which is indirectly by China National Chemical Corporation (ChemChina), through China National Tire & Rubber Co., Ltd., has confirmed that the regulator (Consob) has approved the firm’s offer document related to the mandatory tender offer of the ordinary shares of Pirelli & C. S.p.A. listed on the Electronic Stock Market and the voluntary tender offer launched by the same firms.

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Related news:

  1. ChemChina now holds 30% of Pirelli shares
  2. ChemChina’s latest Pirelli shares held indirectly
  3. Pirelli is now Chinese owned
  4. Pirelli major shareholder Chemchina restructuring
/by

Martins Industries adds new sales representatives

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Tyre racking and equipment firm, Martins Industries has appointed Anthony Adams as a technical representative for Western USA. Adams is a Nebraska University business graduate with years of experience in sales. He joins a “young and dynamic team” at Martins Industries.

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Related news:

  1. Martins Industries adds two to sales team
  2. Martins Industries launches 96” OTR tyre inflation cage
  3. Martins Industries acquires Magnum+
  4. Galaxy and Dynamic to Merge Forming GPX
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Investment in rideshare start-up broadens Michelin’s product promotion horizons in China

Through its Incubator Office, Michelin has invested in a start-up in China that has developed and promotes a mobile application dedicated to providing ridesharing matches and services. The company is called Luli Information Technology (路俪科技), and Michelin sees growth potential for the firm in what it believes will be a significant market for ridesharing – a concept the tyre maker views as a “key component of a multi modal transportation ecosystem for today’s cities.”

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Related news:

  1. Michelin Group invests in Chinese valet parking service e Dai Bo
  2. Michelin demand data highlights serious demand challenges in mature markets
  3. Michelin releases ‘Green Paper’ on sustainable mobility
  4. Tyre makers in the battery manufacturing space
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US releases report on Chinese tyre tariffs

The full report on the circumstances and arguments behind the decision to approve antidumping and countervailing duties against passenger car and light commercial vehicles tyres from China has been published by the US International Trade Commission. The report, titled ‘Certain Passenger Vehicle and Light Truck Tires from China’, can be read here.

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Related news:

  1. TIA opposes Chinese import tariffs
  2. Final US vote approves tariffs for Chinese tyres
  3. Chinese truck/bus tyres: US court partially rejects determination
  4. USA sets final duties on CV steel wheels from China
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Even cheaper Chinese tyres?

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While ChemChina’s deal with Camfin to take over Pirelli officially got under way this month, not everyone connected to the economy in the People’s Republic was looking so positive. The stock market has been in freefall and industrial production looks to have taken a big hit. The Chinese state’s answer? To devalue the national currency (the yuan renminbi or RMB) three times in a week and make already cheap Chinese exports even cheaper.

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Related news:

  1. A tale of two markets…
  2. Tariff time again, but will they make a difference?
  3. Indian government moves to restrict tyre imports
  4. Re-globalisation of the international tyre market?
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Davanti launches taxi and van tyres

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Davanti has released two new tyres, the DX420, designed specifically for Hackney Carriages and the DX440 a rugged van tyre. The new tyres will be officially launched at China International Tyre Expo in Shanghai from 9 – 11 September where Davanti is at stand 5010, West Hall.

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Related news:

  1. CITExpo 2017 Review
  2. Davanti’s next-gen Protoura a CITExpo star
  3. Davanti progressing with Protoura, planning all-season segment entry
  4. CITExpo bids farewell to Everbright in 13th edition, previews move to modern facility
/by

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