Doublestar tops 2024 China tyre brand influence list
Several Chinese research institutions recently jointly released the “2024 China Brand Influence Index Report”. In the report’s “Top 10 Tyre Brand Influence” list, Doublestar ranked first.
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Top Chinese Tyremakers: Manufacturers ranked by tyre production capacity in 2023
In 2023, Linglong’s various factories had a production capacity of 91.34 million tyres. Including the production of PCR products at the Serbian factory, in 2025 the tyre manufacturer’s annual production capacity will likely exceed 100 million tyres. Linglong’s tyre production base in Zhaoyuan, Shandong, has an astonishing production capacity of 36.1 million sets, including 30 million PCR, 5.85 million TBR, and 250,000 OTR tyres. The Dezhou base in Shandong has capacity for 9 million PCR and 3.2 million TBR tyres a year. The Guangxi production base can make 11 million PCR (1 million more than the designed capacity), 2 million TBR, and 140,000 OTR annually. The Hubei production base has capacity for the construction of 9 million PCR and 2.4 million TBR tyres. That opeartion’s designed PCR capacity is 12 million, and further under-construction capacity is expected to be completed in 2024. The Jilin production base can make 1.5 million PCR and 1 million TBR tyres. The company said that the capacity of the Jilin factory’s PCR production lines is expected to reach 6 million tyres a year in 2024. The company’s planned two production bases in Shaanxi and Anhui have not yet released their production capacity in 2023. The Thailand factory has 13 million PCR and 2.2 million TBR among overseas factories. Linglong said that its Thailand factory reduced its PCR production capacity by 2 million in 2023. The Serbian factory achieved a production capacity of 800,000 TBR tyres in 2023, and the designed scale of 1.6 million tyres is expected to be completed in 2024.
Inter-Sprint meeting old & new customers at TTC
We caught up with the team at wholesaler Inter-Sprint on the final day of The Tire Cologne 2024. International brand manager Patrick Laros shared his experiences from the event as well as the latest additions to the Inter-Sprint team and product portfolio.
Double Coin is increasing PCR production capacity
Recently, Huayi Group announced its 2023 results. Double Coin, which is responsible for the company’s tyre business, reported 2023 revenue of 10.184 billion yuan (approximately £1.1 billion; €1.3 billion), a year-on-year increase of 1.64 per cent per cent. Throughout the year, the company produced 14.509 million tyres and sold 14.874 million tyres, an increase of more than 10 per cent from the previous year.
First tyre at Double Coin’s Anhui factory expansion
The first tyre has rolled off the production line at the expansion project of Double Coin’s factory in Anhui, China. According to the tyre manufacturer, the tyres that rolled off the production line this time are products suitable for new energy vehicles in size 205/60 R16 92V. After the project reaches total production, the annual production capacity of the Double Coin Anhui factory will exceed 10 million units.
Double Coin partners Altra Tyres in Kazakhstan
On 27 October, Double Coin held a strategic cooperation signing ceremony with Altra Tyres, a tyre sales company in Central Asia. Tyrepress China learned that the two parties are strengthening cooperation in Kazakhstan, involving the sales of TBR, PCR and OTR tyres made by Double Coin in the region, as well as overseas warehouse projects.
Huayi Thailand’s second phase rolls off the first tyre
HuayiOn 30 August, the first tyre rolled off the production line in the second phase of the Thailand factory run by Huayi, which owns the Double Coin brand. Tyrepress China learned that the project’s second phase involves the production capacity of 300,000 all-steel radial tyres and officially started construction in March this year. If the second phase reaches capacity, the annual production capacity of Huayi’s Thailand factory will be increased to 1.5 million pieces.
Kirkby shows Double Coin and Sailun tyres at Road Transport Expo 2023
In the truck tyre segment, Kirkby Tyres reports that the company continues to “differentiate and invest in quality brands rather than operating at the budget end of the market, which at times is nothing more than a race to the bottom.”
Nine tyre brands shortlisted in the top 500 Chinese brands
Recently, the World Brand Summit 2023 was held in Beijing. Tyrepress China learned that nine tyre manufacturing companies had been listed in “China’s 500 Most Valuable Brands”.
Double Coin expands Jiangsu OTR tyre plant
The Double Coin Jiangsu factory recently applied to the local environmental protection department to expand its OTR tyre production capacity. The Jiangsu factory is a joint venture established in January 2024. The company can produce 2.9 million all-steel radial (truck) tyres and 74,000 OTR tyres annually.
Revenue of Double Coin parent (Huayi) exceeded 10 billion yuan in 2022
Recently, Shanghai Huayi, the parent company of Double Coin, announced its operating data for 2022. In 2022, the revenue of Huayi’s tyre segment reached 10.02 billion yuan (approximately £1.175 billion; €1.338 billion), a year-on-year increase of 6.62 per cent. Regarding net profit, Huayi relies heavily on Huayi Group (Hong Kong), which is responsible for overseas business (especially the business of factories in Thailand). During the reporting period, Huayi Group (Hong Kong) achieved a net profit of 172 million yuan (about £20 million; €23 million). The Double Coin Tire Group, responsible for Huayi’s domestic tyre business in China, lost 26.4318 million yuan (about £3.1 million; €3.53 million).
Sailun rising: China’s listed tyre companies ranked in 2022 Q3
SailunBased on stock market reporting for the third quarter of 2022, the top nine Chinese listed tyre companies ranked by revenue are Sailun, Linglong, Triangle, Huayi (the holding company of Double Coin), Guizhou Tyre, Sentury, Aeolus, Jiangsu General, and Doublestar. (The leading Chinese tyre company according to Tyrepress global rankings is ZC Rubber (Hangzhou Zhongce), but it is not listed.) The figures show that Sailun has completed a meteoric rise this year to become the Chinese tyre industry’s stock market leader, with an income of more than 6 billion yuan in the quarter, putting it within reach of the global top 10 tyre manufacturers.
Kirkby Tyres investing in quality brands
One of the largest truck tyre wholesalers and distributors in the UK and Ireland, Kirkby Tyres has a team of specialists dedicated to the TBR segment and is investing to make further inroads with its exclusive brands. We recently spoke with commercial director Michael Rosenthal to find out about the latest products from Double Coin and Sailun as well as Kirkby’s activities in the truck business.
The top 10 listed Chinese tyre companies 2022
Mylene2401; PixabayChinese listed tyre companies have successively released their 2021 annual reports in recent weeks. Here, Tyrepress analyses these annual reports’ comparing developments in revenue, operating conditions and overseas factory strategy. And the short story is Linglong remains the largest tyremaker amongst the top 10 listed Chinese tyre companies and that Sailun is the fastest growing.
Shanghai lockdown severely impacting the region’s tyre industry
Since March 2022, China’s government has imposed strict lockdown policies on several cities in response to the rapid spread of COVID-19. Shanghai, the economic centre of China, is one of the core lockdown areas. According to information available to Tyrepress, it appears the entire industry is feeling the restrictions hitting production, logistics and retail in Shanghai and surrounding cities.
