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Doublestar’s market focus shifts overseas

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At 2.28 billion yuan (about £250 million; €290 million), Doublestar’s revenue was almost the same year-on-year in the first half of 2024. Doublestar was still in the red during the reporting period. However, compared with the same period in 2023, its losses were further reduced to 57.1 million yuan (about £6.2 million; €7.4 million). According to Doublestar, “PCR product profitability continues to improve” but “insufficient market demand for truck and bus tyres” is why the tyre manufacturer is still losing.

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Related news:

  1. Thailand factory makes over half Jiangsu General’s annual revenue
  2. Doublestar reduces the registered capital of the Guangrao company
  3. Doublestar back in pole-position for Kumho purchase
  4. Huasheng Group to start Cambodia tyre factory project in 2024
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Doublestar Guangrao factory sold to Huasheng Rubber

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Doublestar has sold its Guangrao-based factory, Guangrao Jixing, to Lubo Rubber for 205 million. The two parties signed a Property Rights Transaction Contract in September 2024, confirming what we published in May 2024.

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Related news:

  1. Doublestar reduces the registered capital of the Guangrao company
  2. Doublestar the only bidder left to buy Kumho
  3. Acquisition ugliness: Kumho Tire execs threaten mass resignation
  4. Kumho Tire proposal ‘tentatively’ accepted
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Doublestar reduces the registered capital of the Guangrao company

Doublestar reduced the registered capital of Guangrao Jixing, a wholly owned subsidiary, on the grounds of “strategic optimisation and adjustment”. Information released by the tyre manufacturer shows that the registered capital of Guangrao Jixing has been reduced from 609 million yuan to 205 million yuan.

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Related news:

  1. Doublestar forms European joint venture with Zenises
  2. ZC Rubber still number one tyre manufacturer in China 
  3. Acquisition ugliness: Kumho Tire execs threaten mass resignation
  4. KDB wants a no-strike clause in Kumho/Doublestar deal
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Guangrao tyremakers to hold concurrent events during the ChinaGRTAE

Less than two weeks remain until the opening of the 2024 Guangrao Tyre Show (ChinaGRTAE 2024). Tyrepress China learned from the organisers that several local companies in Guangrao will hold concurrent activities during the exhibition.

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Related news:

  1. Countdown: 30 days till the Guangrao Tyre Exhibition
  2. Guangrao tyre show combines offline and online formats with Russia, Africa and Middle East focus
  3. Guangrao Tyre Exhibition registration opens
  4. Michigan state confirms pavilion at Automechanika Shanghai
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Countdown: 30 days till the Guangrao Tyre Exhibition

From 15-17 May, the 14th China (Guangrao) International Rubber Tire & Auto Accessory Exhibition will run with the theme of “Global Full Chain, New Quality and New Future”. A total of 780 booths are planned for this exhibition, an increase of 30 compared to the previous session.

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Related news:

  1. Guangrao tyre show combines offline and online formats with Russia, Africa and Middle East focus
  2. Guangrao Tyre Exhibition registration opens
  3. Interstate gives Dynacargo its UK debut
  4. Guangrao government awards six tyre industry companies
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Guangrao Tyre Exhibition registration opens

Guangrao Tyre Exhibition’s organising committee reports that the event has opened pre-registration. Specific information can be found on its official website: grtirexpo.com.

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Related news:

  1. CITExpo aims to break records with its 12th edition
  2. Citexpo 2014 reports record figures
  3. New location, more floorspace – CITExpo even more attractive in 2016
  4. No CITExpo show in 2020
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ChinaGRTAE exhibition in Guangrao to open on 15 May, 2024

ChinaGRTAE Organising Committee

The 14th China (Guangrao) International Rubber Tire & Auto Accessory Exhibition (ChinaGRTAE) will be held on 15-17 May. The three-day exhibition has more than 780 booths covering eight categories, including tyres, wheels, rubber tyre machinery and equipment, raw rubber materials, automobile repair and maintenance, and automobile accessories. In addition to tyre manufacturers such as Hengfeng and Huasheng, upstream and downstream companies such as Solprima, Xingda Steel Cord, and JD.com will also appear at the 2024 Guangrao tyre exhibition.

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Related news:

  1. E-commerce on show at Guangrao tyre exhibition
  2. From Guangrao to the world
  3. Davanti progressing with Protoura, planning all-season segment entry
  4. From Guangrao to the World: what’s new at the Guangrao tyre exhibition
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Guangrao introduces 10 policies to promote ‘high-quality tyre development’

Recently, Guangrao County authorities, Shandong Province, held a press conference and stated that it would launch 10 policies to support the high-quality development of the local rubber tyre industry.

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Related news:

  1. From Guangrao to the World: what’s new at the Guangrao tyre exhibition
  2. Sailun confirms Jinyu and Shenyang double acquisition
  3. Even cheaper Chinese tyres?
  4. Shandong, China tyre production picks up
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From Guangrao to the World: what’s new at the Guangrao tyre exhibition

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Tyrepress China/Xuda Wang

The 2023 Guangrao tyre exhibition came to an end on May 17, bringing to an end its first live show – held “offline” – since 2019. Tyrepress attended the three-day 2023 exhibition, and noted similarities with the past but also some changes in exhibitors and visitors to the show. This article was originally posted in Chinese on our sister website, Tyrepress China. A few years ago, the tyre industry in Guangrao underwent integration and reorganisation due to many factors. After undergoing multiple rounds of reshuffling, the local tyre industry has achieved industrial upgrading. At the 2023 Guangrao tyre exhibition, Huasheng, Zhongyi, Jinyu, Hengfeng, Fangxing, Yongsheng and other well-known local tyre companies have booths.

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Related news:

  1. Maxam moves operational team to Sailun Europe’s UK office, plans expansion
  2. Huasheng Rubber releases electric vehicle tyres
  3. CITExpo 2018: still room for small-medium Chinese players, though times are tough
  4. Up to 49” – Sailun upgrading OTR tyre production
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Huasheng Rubber releases electric vehicle tyres

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Tyrepress China/Xuda Wang

At the 2023 Guangrao tyre exhibition, Huasheng Rubber held a press conference and released a variety of electric vehicle tyres. Tyrepress China learned at the press conference that the new electric vehicle tyres released by the tyre manufacturer cover PCR and TBR. Passenger car tyres include three products: ultra-quiet series, self-repairing series and colourful customised series. The ultra-quiet series products use new polyurethane foam mute cotton material with an excellent silent effect. Compared with ordinary products on the market, the noise of this product is reduced by 6-10 decibels. Self-repairing series products can maintain stable performance between minus 35 and 120 degrees Celsius. Colourful customised series tyres are designed to meet the market’s demand for trends.

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Related news:

  1. CITExpo 2018: still room for small-medium Chinese players, though times are tough
  2. ‘Born for the electric age’ – Prinx debuts latest products
  3. Sentury launches Qirin EV
  4. China: Hankook supplying tyres to various EV models
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Shandong tyre companies implement closed-loop management

Önder Örtel; Unsplash

Shandong Province, one of the leading tyre production areas in China, is once again affected by the Covid-19 epidemic. On December 1, there were 41 new confirmed cases and 623 asymptomatic infections in this area. To ensure production can continue, two tyre companies have announced the implementation of closed-loop management.

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Related news:

  1. Several Guangrao tyre companies have stopped or limited production
  2. Coronavirus’s impact on the tyre business
  3. Auto industry will look to China for rebound insights – GlobalData
  4. Guangrao Tire Exhibition (GRTAE) postponed
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Several Guangrao tyre companies have stopped or limited production

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Xuda Wang

Guangrao County in Dongying City seems to have gone silent in a short period. On October 20, Guangrao detected an asymptomatic case of Covid-19. Then things seemed to get serious. Data from the Dongying Municipal Health Commission showed that from the 22 to the 30, new asymptomatic patients of Covid-19 were found in Guangrao daily. The government launched a response policy in a short time. According to Guangrao residents, since the 23, some communities have asked people to stay at home, and some factories require closed-loop management.

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Related news:

  1. Auto industry will look to China for rebound insights – GlobalData
  2. ZC Rubber resumes full tyre production
  3. ZC Rubber’s “remarkable” 2020, new products & digital strategy
  4. Prinx Chengshan: Increased profits despite corona
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Guangrao government awards six tyre industry companies

Guangrao County Government

On October 8, the Guangrao County Government announced a list of awards that included six tyre industry companies. The awards stem from the fact that this county’s tyre industry was set as one of the advanced cluster industries by Shandong Province in 2020. It is reported that some enterprises in Guangrao County engaged in tyre-related fields can obtain incentive funds.

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Related news:

  1. Triangle ‘goes global’ at Weihai summit
  2. Guangrao Tire Exhibition (GRTAE) postponed
  3. Entire Qingdao population being tested after Covid cases
  4. Two batches of Shandong-produced tyres fail sampling inspection
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Guangrao Tire Exhibition (GRTAE) postponed

In light of the Covid-19 pandemic, and in order to protect the health of exhibitors, visitors and partners the 11th China (Guangrao) International Rubber Tire & Auto Accessory Exhibition (referred to as China GRTAE 2020), which was originally scheduled to be held at Guangrao International Expo Center, Shandong from 15-17 May has been rescheduled for 8-10 September 2020.

Read more

Related news:

  1. China International Tire Expo postponed until August 2021
  2. Coronavirus: Goodyear closes facilities in China
  3. Coronavirus: SRI donates to China Charity Federation
  4. Production reaches 70% at ZC Rubber following coronavirus break
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China (Guangrao) International Rubber Tire & Auto Accessory Exhibition | 15/05/2014 – 17/05/2014

The 5th China (Guangrao) International Rubber Tire & Auto Accessory Exhibition talkes place between 15 and 17 May 2014. According to  organiser the China International Trade Promotion Committee, more than 600 exhibitors from China and overseas are expected at this year’s show. The previous exhibition in Guangrao, Shandong Province hosted more than 40,000 visitors, the organiser reports. […]

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Related news:

  1. Chinese Exhibition Well Positioned for Growth
  2. TTI Awards shortlist announced
  3. Evergreen to complete second PCR production line in 2013
  4. Interstate gives Dynacargo its UK debut
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