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US Department of Commerce finds 125.5% counter-veiling duty for Jiangsu General, rescinds investigations of 9 other firms

While on this side of the Atlantic, all parts of the market have been looking for details of the apparently forthcoming European anti-dumping investigation into Chinese-produce car tyres, on the other side of the Pond, the U.S. Department of Commerce (DOC) has released preliminary results of its administrative review of 2023 countervailing duty on certain passenger car and truck tyres imported into the USA from China. In short, Jiangsu General Science Technology Co., Ltd. received countervailable subsidies at a rate of 125.5 per cent ad valorem during the review period (1 January to 31 December 2023). The review, initiated in August 2024, also rescinded investigations for nine other companies (see below). DOC will instruct US Customs and Border Protection (CBP) to collect cash deposits based on final results, expected by 1 August 2025, which could impact tyre imports from China.

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TGI partners Haohua to launch Lanvigator tyres across the US

Tire Group International, LLC (TGI) is working with Haohua Tire to market and distribute the Lanvigator tyre brand across the United States. As the exclusive distributor, TGI will spearhead all marketing initiatives and ensure Lanvigator tyres are stocked in its U.S. distribution warehouses. Additionally, TGI will offer a direct factory program to wholesale distributors nationwide.

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Related news:

  1. TGI appoints new president
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Phase 2 expansion begins following Haohua Vietnam inauguration

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Some six weeks after the actual start of production at the Haohua Vietnam Co., Ltd tyre factory, company officials hosted national and local dignitaries for the facility’s inauguration on 14 December. During the ceremony, the company shared details about the planned second phase of development at the site.

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Related news:

  1. Haohua Tire gains investment certificate for Vietnam plant
  2. Haohua investing $500 million in Vietnam tyre factory
  3. Haohua Vietnam tyre factory starts production
  4. Aiming for the top 10: Sailun developing five-year plan to climb global rankings
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Haohua Vietnam tyre factory starts production

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Tyrepress China has learned that Shandong tyre manufacturer Haohua’s Vietnam plant has the production capacity of PCR and TBR. The news follows the start of production at the plant on 28 October 2024. Photos from the scene show that the first tyres off the production line were both PCR and TBR lines.

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Related news:

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  2. Marangoni to Restructure “Tyre Retreading” Business Area
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  4. China’s GS Tire raises Cambodia investment to $300 million
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High quality exhibits and wide range on-show as GRTAE opens in Shandong

GTRAE

The 14th GuangRao Rubber Tire and Automotive Accessory Exhibition (GRTAE) opened in Dongying City, GuangRao County, Shandong Province, China today. First impressions and the facts released by organisers during the official launch conference, which also included speeches from local officials responsible for the leadership of relevant civic departments, there are some 550 exhibitors here presenting their tyre-related latest offerings to as many as 80,000 visitors.essions and the facts released by organisers during the official launch conference, which also included speeches from local officials responsible for the leadership of relevant civic departments, there are some 550 exhibitors here presenting their tyre-related latest offerings to as many as 80,000 visitors.

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Haohua Tire gains investment certificate for Vietnam plant

Vietnam’s Binh Phuoc Province shares that the chair of its Provincial People’s Committee issued an investment registration certificate to Chinese tyre maker Shandong Haohua Tire on 11 September 2023. As Tyrepress.com reported in July, Haohua intends to invest US$500 million to build a factory in Vietnam capable of producing 12 million semi-steel radial tyres for cars and other light vehicles and 2.4 million all-steel truck radials a year.

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Haohua investing $500 million in Vietnam tyre factory

Tyrepress China has learned that Chinese tyre manufacturer Haohua is preparing to invest US$500 million to build a tyre factory in Binh Phuoc, Vietnam. The products produced will cover semi-steel radial tyres and all-steel radial tyres.

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