Shandong Yongsheng Rubber Group Archives

CITExpo 2023: Recovery and transformation of China’s tyre industry

In early September, the 18th China International Tire Expo (CITExpo 2023) was held in Shanghai. After three years of waiting, this year’s show attracted many dealers from overseas. An exhibitor from Jiangsu General told Tyrepress China: “The results of this year’s China International Tire Expo are quite good. We made appointments with 60 customers before the exhibition. Basically, all of them came. At the same time, we also met many new customers at the exhibition today.” At the popular CITExpo 2023, Tyrepress China noticed that China’s tyre industry is showing two new trends: recovery and transformation.

4th October 2023/by Xuda Wang

Yongsheng Rubber fined for environmental violations

International News

Yongsheng Rubber

Guangrao County, Shandong Province’s environmental protection department announced recent administrative penalty information in June. Tyrepress found that tyre manufacturer Yongsheng Rubber received six fines of 1.2 million yuan (£149,560; 173,892 euros; $178,830). Meanwhile, the person in charge of the related projects was fined 300,000 yuan.

5th July 2022/by Xuda Wang

Yongsheng Rubber shareholding changes

Tyrepress has learned from people familiar with the matter that the shareholding of Shandong Yongsheng Rubber Group Co., Ltd. has changed recently. After the equity change, Tian Xiuzhen held 50 per cent and became the group’s major shareholder. Liu Zijun and Liu Huiqin each own 25 per cent of the shares.

9th May 2022/by Xuda Wang

US ups Chinese tyre import tariffs

Company News, International News, Premium

On Friday 12 June, the US Department of Commerce (Commerce) gave its final determinations in the antidumping duty (AD) and countervailing duty (CVD) investigations relating to the importation of Chinese produced passenger vehicle and light truck tyres. While many analysts and observers had expected the tariff percentages to be reduced – based on previous experience of similar cases – in fact they were increased. In some cases the combined anti-dumping and countervailing duties are north of 188 per cent. While this is at the top end of the range, and notwithstanding one or two exceptions, most tyre companies manufacturer in China or importing Chinese tyres into the US, will now have to pay significantly more than was first thought.

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15th June 2015/by Tyrepress Editors

The exceptions: what’s not covered by US tyre import tariffs

International News, Legislation

When is a tariff-able tyre not subject to an import tariff? When there are exceptions. With the latest round of US tyre import tariffs aimed squarely at imports of Chinese-produced tyres, it is useful to know what isn’t covered and why.

Following the news that the preliminary ruling is effective 1 December 2014 and retroactive for 90 days prior to this date, further details of what is and what isn’t covered by the rules have emerged. But first a couple of clarifications. There are two categories of import duties that the US government has and is deliberating over. Details of the first – countervailing duties – have already been reported and preliminarily decided upon. All things being equal, the final verdict for these will be issued “no later than 6 April 2015”. Within 45 days after this, the US International Trade Commission will make its own decision about what anti-dumping import tariffs to impose. Therefore total tariffs could be very substantial.

4th December 2014/by Tyrepress Editors

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