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.
History was made this weekend (14 September) as the world’s first ever fully-electric single-seater race took place in Beijing, marking the successful season opener of the FIA Formula E Championship. The race – Beijing Evergrande Spring ePrix – was held on a spectacular temporary race track built around the city’s iconic Olympic ‘Bird’s Nest’ Stadium and […]
Following the conclusion of Citexpo 2014 on 11 September, all initial figures point to the event being the most successful in the international tyre show’s history…by some way. Indeed, with this year’s unaudited visitor total said to have been around the 11,000 mark, the 2014 show could have grown by as much as 50 per cent since the last event, which attracted just over 7,000 visitors.
Eleven years of Chinese government anti-dumping duties on imports of styrene butadiene rubber (SBR) from Russia, Japan and South Korea ended on 8 September, the country’s Ministry of Commerce reports. The products had attracted duties of four to 38 per cent, however the ministry decided to remove them as these imports were deemed no longer a threat to China’s domestic tyre and rubber industry.
Citexpo 2014 opened its doors today to what looks like will be record breaking numbers of visitors by the end of the week. According to Reliable Exhibitions (the show organiser), China International Tire Expo, as it is more formally known, saw at least 5,200 visitors pass through the doors of the Shanghai Everbright Exhibition Centre during the course of the opening day. Inside, visitors found large, modern stands from the show’s 348 exhibitors (up 13 on last year’s total) spread across four halls for the first time in the show’s 12-year history.
When the twelfth China International Tire Expo (CITExpo) kicks off on 10, 11 and 12 September 2014 the organiser (Reliable International Exhibition Services Co, Ltd.) hopes to be able to claim the title of “largest Far Eastern tyre trade show”. And in order to do this the company is increasing available floor space by some 20 per cent.
The Mesnac European Research and Technical Center (MERTC) recently announced plans to expand it European activities based in Slovakia, which a focus on further developing tyre building technology. The construction of a new production facility and additional research facilities will take place in the Trencin region and the project is expected to be completed by the end of 2015.
Cooper Tire & Rubber Company has reported the results of its long-awaited independent valuation of Cooper Chengshan (Shandong) Tire Company Ltd (CCT). The valuation, which is also the option price, was determined to be RMB 2.722 billion roughly US$440 million at the current exchange rate.
Shanghai based Contract Tyre Manufacturer SD-International is presenting itself as an increasingly competitive option for high quality budget truck tyres via its Pace and Zeta private brands.
According to the company, the Zeta and Pace TBR pattern ranges are both exclusively produced in China for SD-International at an “ultra-modern production facility”. Both brands offer a “tested and approved” programme covering all current international quality control standards.
When the 12th edition of China International Tire Expo (CITExpo) opens its doors at the Shanghai Everbright Convention and Exhibition Center between 10 and 12 September 2014 it is set to be the biggest in the event’s history. According to the Organizer, Reliable International Exhibition Services Co., Ltd., the addition of a new hall – hall D – as well as the fast take up of space in halls 1-3 has made the difference this year.
This morning the US International Trade Commission announced that its investigation has found “reasonable indication that an industry in the United States is materially injured or threatened with material injury by reason of imports from China of certain passenger vehicle and light truck tyres”.
Netherlands-based machinery manufacturer VMI Group says a ruling is expected soon in the case of a Chinese company caught making illegal replicas of VMI tyre building drums. Commenting on the incident, company president and CEO Harm Voortman said vigorously protecting intellectual property is “an essential part” of VMI’s strategy.
A binding decision on the future ownership of the Chinese joint venture company set up by Cooper Tire & Rubber and Chengshan Group Company Ltd is still to be made, however the two parties are now in talks and have entered into an option agreement for working out the future of Cooper Chengshan (Shandong) Tire Company Ltd (CCT).
The USW has petitioned for and received an extension from the US Department of Commerce, pushing back to November the deadline for completion of the preliminary determination on its antidumping and countervailing duty complaint targeting China-made consumer tyres imported into the US, Tire Review reports.
Yesterday Cooper Tire & Rubber Company announced it has extended, for a brief period, the option commencement deadline within the agreement that Cooper, Chengshan Group Company Ltd. and the CCT labor union reached in January of this year, which set forth a process to determine the future ownership of Cooper Chengshan (Shandong) Tire Company Ltd (CCT).
ITMA has announced that China’s Shengtai Group has become the association’s latest member.
Established in 2002 and located in Xishui, Shandong, the company produces a wide range of tyre products and brands including the ‘Rapid’ brand. As a member of ITMA, Shengtai will receive regular updates on the legislative and technical issues which affect the sale of tyres within Europe.
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