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Whether its raw materials, machinery, research and development or the latest manufacturing trends, this tag provides up-to-the-minute insights into the upstream part of the tyre industry.

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Sailun bond issuance application approved

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Sailun

The China Securities Regulatory Commission reviewed and approved Sailun’s convertible bond public issuance application on 13 September. The tyre company plans to raise about 2 billion yuan (about 250.2 million pounds, 286.3 million euros), mainly for constructing two factories in Vietnam and Cambodia. Sailun said that investing in two overseas factories could further expand its tyre production capacity overseas and increase its manufacturing scale and market share.

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Related news:

  1. Jiangsu General raises funds for Cambodia factory
  2. Pirelli and Hixih move closer together
  3. Guizhou Tyre raises 1 billion yuan for Vietnam tyre factory in private share issue
  4. Sailun: 7 million tyres sold in Europe and counting
/by

Linglong Tire reveals details of Serbia and Aircraft tyre plant progress

Linglong Tire recently answered questions from investors via the interactive platform of the Shanghai Stock Exchange. The answers reveal details related to developments at the company’s Serbian factory and its Chinese aircraft tyre production plant.

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Related news:

  1. Serbia open for business
  2. Linglong’s Serbia factory faces local environmental opposition
  3. Dunlop Aircraft Opens Chinese Retread Plant
  4. Dunlop Aircraft Tyres strengthens manufacturing, testing with ex-Yokohama equipment
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China’s tyre industry facing five difficulties: ZC Rubber chairman, Shen Jinrong

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China Rubber Conference 2022

The Chinese tyre industry is not optimistic about the future following the first half of 2022, which itself was something of a continuation of the problematic situation experienced in the country in 2021. In short, the overall Chinese tyre industry has experienced severe decline in profits. Shen Jinrong, chairman of ZC Rubber, China’s largest domestic tyre manufacturer and number nine in the world, made the comments during a recent speech at the China Rubber Conference 2022.

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Related news:

  1. ZC Rubber to build R&D centre for green tyre material with Ningbo Institute
  2. ZC Rubber, Bekaert sign strategic cooperation agreement
  3. CITExpo 2017 opens in Shanghai
  4. Cabot buys Chinese nanotube supplier for $115 million
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Jiangsu General planning to run five tyre factories

Recently, Jiangsu General Science and Technology (Jiangsu General) has revealed a strategic plan to reach five production bases in the next 10 years. Currently, the company has two factories in China and Thailand and has more recently launched projects in Cambodia.

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Related news:

  1. China’s GS Tire raises Cambodia investment to $300 million
  2. Expansion – production has changed, but it is certainly ramping back up again
  3. Jiangsu General raises funds for Cambodia factory
  4. Jiangsu General investing 400 million euros in Chinese car tyre factory
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Guizhou Tyre reports increased production and sales

On 31 August, Guizhou Tyre released its semi-annual report. In the year’s first half, Guizhou Tyre produced 3.7005 million tyres, a year-on-year increase of 3.53 per cent, and sold 3.4447 million tyres, a rise of 1.07 per cent. During the same period, the tyre company’s revenue reached 3.949 billion yuan (about £490 million, 570 million euros), an increase of 13.16 per cent, and achieved a net profit of 160 million yuan (about £19.86 million, 23.12 million euros).

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Related news:

  1. Guizhou Tire begins $350 million construction project on two China factories
  2. Shandong Yinbao Tyre Group Spreads Its Wings
  3. For Yinbao Tyre, imitation is the highest form of flattery
  4. Triangle and Goodyear in ‘long-term cooperation’
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Hankook Tire investing $1.6 billion in Clarksville USA factory

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Hankook

Hankook Tire is set to invest US$1.6 billion in the expansion of its Clarksville, Tennessee tyre factory. The investment includes the previously announced Phase 2 expansion, which will increase Hankook’s capacity to produce passenger car and light truck (PC/LT) tyres twofold as well as a Phase 3 expansion, which will enable the company to begin producing truck bus and radial (TBR) tyres in the United States. The company estimates that the addition of the Phase 3 expansion project will create an additional 400 jobs in the Clarksville region, for a total of 1,200 new positions.

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Related news:

  1. Sentury internationalising with US tyre factory investment
  2. Nokian to invest $360 million in new US tyre factory
  3. Hankook Tire postpones Hungary truck tyre plant
  4. Continental distributes first Clinton, Mississippi-made truck tyres
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Cheng Shin Chongqing plant suspended production for a week

Xuda Wang

On the afternoon of 16 August Cheng Shin announced that production at its Chongqing factory would be suspended between 16 and 23 August to cooperate with the local government’s power policy. It is reported that Changshou District, Chongqing City, where the Cheng Shin factory is located, has experienced continuous high temperatures recently, and the power supply gap has continued to expand. The local government advocates for industrial enterprises to stop production to ensure electricity consumption for residents and ease the pressure on the power supply.

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Related news:

  1. Maxxis unveils $150m Shanghai proving ground
  2. Maxxis Marks Ten Years of British Motocross Sponsorship
  3. Cheng Shin looks to China for growth
  4. Maxxis re-appoints Dr Wally Chen as chairman
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Wanli planning to build Vietnam tyre factory

Wanli Tire

Wanli Tire reports that company representatives have visited overseas factory sites and completed a draft report based on the inspections. Wanli deputy general manager Hu Yongfang announced at the summary meeting for the first half of 2022 that Wanli will strive to complete the establishment of an overseas factory project by the end of 2022.

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Related news:

  1. Guizhou Tire begins $350 million construction project on two China factories
  2. Vietnam Rubber Group to expand tyre and tube production
  3. Jinyu: Further international tyre factories on the agenda
  4. Guizhou Tire Vietnam factory completes first phase
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Toyo Serbia started tyre production in July, US exports prioritised

Toyo

Toyo Tire’s Serbia car tyre production plant became operational on 27 July 2022. The news is in line with Europe executives’ mid-July comments, which suggested the factory would start making tyres by the end of July. The latest news is that shipments are now beginning to move out and that the company is planning to “preferentially supply the US until the end of this year [2022]” in order to “meet robust demand there”.

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Related news:

  1. Cooper Tire reopening US and Serbia tyre factories
  2. Vipal Machinery sales growing in the USA
  3. New Serbia plant key to more profitability – Toyo
  4. Toyo Tire outperforms first-half 2022 forecasts
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Prometeon first to use Rockwell Plex QMS

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Rockwell Automation

Commercial and industrial tyre specialist Promoteon became the first customer of Rockwell Automation’s to take on the company’s Plex QMS system during the last three months. The system will be rolled out across Prometeon’s global operations.

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Related news:

  1. Rockwell and PTC upgrade FactoryTalk
  2. Mesnac and Rockwell partner in “smart” tyre manufacturing cooperation
  3. Rockwell Automation acquires Acquisition ASEM S.p.A.
  4. Prometeon ramps up tyre production in Gravataí, Brazil
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ZC Rubber plans to add 2.5 million tyres production capacity

ZC Rubber

ZC Rubber’s subsidiary in Xindeng Town, Fuyang District, Hangzhou City, is planning to add 2.5 million all-steel radial tyres to its production capacity. ZC Rubber stated that the company plans to build a new production workshop and auxiliary facilities shared by the Xindeng Town plant in the reserved space inside the factory. The total construction investment is expected to be 700 million yuan (about £85.14 million, 102 million euros).

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Related news:

  1. ZC Rubber’s Anji factory starts making tyres
  2. Hangzhou Zhongce confirms Thai factory reports
  3. Linglong investing almost $1 billion in new circular economy-focused China tyre factory
  4. Rebuilding Sailun: Multi-billion dollar plans for new tyre and materials factories analysed
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Shandong, China tyre production picks up

First half 2022 data released by several Shandong Province institutions shows that manufacturing output within China’s best-known province for tyre production is picking up.

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Related news:

  1. The Chinese tyre industry wants to move from biggest to best
  2. Digital transformation in the tyre sector
  3. The Chinese tyre industry’s current struggle for survival
  4. Shandong provincial government ‘eliminating’ outdated tyre production capacity
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Aeolus relocates former Double Happiness tyre factory

Aeolus

Progress has been made in the relocation of Aeolus’s Qingxu County, Taiyuan City, China tyre factory. Specifically, the Qingxu county government has already determined the factory’s new address. A few days ago, the relevant departments invited a design team to inspect the factory’s new location and discuss the relocation project’s design plan. At present, the design unit is preparing a feasibility proposal.

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Related news:

  1. Hangzhou Zhongce confirms Thai factory reports
  2. Open for business: T&A tours Triangle HQ and manufacturing base
  3. ChemChina to create world’s fourth-largest industrial tyre company
  4. Aeolus continues to rise in Chinese tyre market
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BM Catalysts invests six figures in exhaust production technology

BM Catalysts

BM Catalysts has boosted its investment in the latest exhaust system manufacturing technology via a “six-figure investment in new additional hi-tech machinery”. According to the company, the investment will “help further increase productivity and capacity, and in its research and development of new-to-range parts”.

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Related news:

  1. Bosal goes into administration
  2. Klarius to invest £1.5million from 2016
  3. Sir Bill Cash MP opens £1 million investment at Klarius
  4. Klarius increases UK manufacturing capacity
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Guizhou Tyre expands industrial tyres’ production

Guizhou Tyre

Guizhou Tyre (also known as Advance Tyre) is preparing to launch an industrial tyre manufacturing expansion project with an annual output of 300,000 a year. The total investment in this project is about 24 million yuan (£2.926 million; 3.486 million euros; US$3.588 million). The expansion project does not involve the acquisition of new land.

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Related news:

  1. Alliance Tire Buys GPX Assets
  2. Bosal opens emission systems plant in Chongqing, China
  3. Analysts: Cooper 3Q results surprise, but shares fall
  4. Hubei Linglong initiates truck tyre production
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