TPC Archives - Tyrepress

Two batches of Shandong-produced tyres fail sampling inspection

On 24 April 2022, the State Administration for Market Regulation of China announced the sampling inspection results of transportation products in 2021. Among the 24 batches of tyre products randomly checked by government departments, there were two batches of what are referred to as “unqualified products”, with a resulting failure rate of 8.3 per cent. In 2019 and 2020, the failure rate of the tyre product sampling inspection was 2 per cent and 0 per cent respectively.

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.

Shanghai lockdown severely impacting the region’s tyre industry

International News

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.

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