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Thailand now supplies more than a quarter of European truck tyre imports – Astutus Research

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Prinx Chengshan

The rapid growth of a manufacturing base largely across Asia has seen a swift evolution in the source of truck tyre imports in the European Union and UK. A new analysis conducted by leading tyre market analyst Astutus Research for Tyres & Accessories shows that Thailand has soared into a leading position in this segment, accounting for 26.3 per cent of truck tyre imports in 2023. Turkey (20.6 per cent) and more recently Vietnam (15.0 per cent) have also overtaken the previously dominant China (14.5 per cent) as leading sources of truck tyres in Europe (defined as the EU27 plus UK).

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Related news:

  1. European car tyre imports rise despite apparent risks of offshoring production
  2. China now in 3rd place as source for EU truck tyre imports
  3. EU makes final truck tyre anti-dumping duties decision, retains fixed rates for manufacturers
  4. CITExpo 2018: still room for small-medium Chinese players, though times are tough
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Guizhou/Advance Tyre enters the PCR market

Guizhou Tyre’s board of directors has approved a plan to build a semi-steel radial tyre production line with an annual output of 6 million units at its Vietnam factory. This move means that the tyre manufacturer, which focuses on the production of TBR and OTR, is beginning to enter the PCR market.

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Related news:

  1. Guizhou Tire begins $350 million construction project on two China factories
  2. Guizhou Tyre Vietnam plant officially put into operation
  3. Guizhou (Advance) Tyre plans to expand EU sales
  4. Guizhou Tyre terminates ‘all-steel tyre project’
/by

Sailun’s Vietnam plant begins rubber track production

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With additions made during the third phase of Sailun Group’s Vietnam factory project now operational, the plant has started manufacturing rubber tracks. Members of the Sailun management team recently invited partners and plant employees to a ceremony celebrating the inauguration of track production.

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Related news:

  1. Sailun boosting Vietnam production to meet demand in Europe & North America
  2. Football: Sailun a premium partner to VfL Osnabrück
  3. Giant tyre production begins at Sailun’s Vietnam factory
  4. Martin West leaves Maxam Tire International – Troy Kline named successor
/by

Jinyu restarts its car tyre business

On 12 December 2023, Jinyu Tire Group held a groundbreaking ceremony for the company’s new passenger car and light truck tyre production project in Tay Ninh Province, Vietnam. The project is designed to provide tyre production capacity in three phases. The first phase is expected to reach production by early 2025. This project is an expansion of Jinyu (Vietnam) Tire Co., Ltd., which started in Vietnam in 2020 and produces truck and bus radial tyres (TBR).

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Related news:

  1. Sailun confirms Jinyu and Shenyang double acquisition
  2. Brazil increases, extends tariff on Chinese PCR imports
  3. CITExpo 2018: still room for small-medium Chinese players, though times are tough
  4. Jinyu: Further international tyre factories on the agenda
/by

Yokohama Rubber restructures Vietnam business for growth

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The Yokohama Rubber Co., Ltd. has spun off the sales unit of its Vietnam tyre production and sales subsidiary, Yokohama Tyre Vietnam Inc. (YTVI), into a new dedicated sales company. Yokohama Tyre Sales Vietnam Co., Ltd. will begin operations as an independent entity on 1 January 2024 with its headquarters in Ho Chi Minh City. YTVI will become a dedicated tyre production company.

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Related news:

  1. Yokohama opens indoor winter tyre test facility
  2. Yokohama supporting Chelsea FC pre-season match
  3. Yokohama Rubber offers show visitors glimpse into tyre future
  4. Yokohama Rubber a FTSE Blossom Japan company
/by

Giant tyre production begins at Sailun’s Vietnam factory

Following the production of the first giant tyre in its plant in Vietnam on 18 November, Sailun Group says its factories outside China are now equipped to manufacture a full range of PCR, TBR and OTR products.

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Related news:

  1. Up to 49” – Sailun upgrading OTR tyre production
  2. Sailun to build all-steel, OTR tyre plant in Vietnam
  3. Sailun boosting Vietnam production to meet demand in Europe & North America
  4. ISCC PLUS certification for Kal Tire recycling plant
/by

Nankang provides off-take tyres to Federal, appoints new leadership

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On 1 November, Federal Corporation announced that chairman and general manager Chen Heng Kuan resigned. Recently, the tyre manufacturer’s board of directors appointed new leaders. Starting 9 November, Kuo Lin-Liang, chairman of Nankang Tire, will become chairman of Federal. Chung Cheng-Yen, an executive assistant to the chairman of the Federal, assumes the general manager position.

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Related news:

  1. Federal Corporation chairman resigns
  2. Maxxis re-appoints Dr Wally Chen as chairman
  3. Lin Junying becomes general manager of Nankang Rubber Tire
  4. Cheng Shin launching 40 million tyre capacity expansion in China
/by

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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Related news:

  1. Official opening for Bridgestone’s Vietnam plant
  2. Kenda Rubber investing £200M to build car tyre factory in Vietnam
  3. Vietnam factory: Guizhou Tyre establishes subsidiary
  4. Haohua Tire breaks ground on US$300 million tyre factory in Sri Lanka
/by

Guizhou Tyre increases investment in Vietnam factory

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Chinese manufacturer Guizhou Tyre released its semi-annual report on 22 August, providing progress updates about the production facilities it is currently building at home and overseas. The company also reported revenue of RMB 4.44 billion (£482.6 million, US$611.2 million) for the first half of 2023 and profit of RMB 340 million (£37.0 million, $46.8 million).

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Related news:

  1. Guizhou Tyre raises 1 billion yuan for Vietnam tyre factory in private share issue
  2. Guizhou Tire begins $350 million construction project on two China factories
  3. Guizhou (Advance) Tyre plans to expand EU sales
  4. Guizhou/Advance Tyre release further Vietnam factory plans
/by

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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Related news:

  1. Guizhou Tire begins $350 million construction project on two China factories
  2. Tatneft invests in Kazakhstan tyre factory joint venture
  3. $250 million Ferentino tyre factory opens in Sri Lanka
  4. Linglong investing in new Tongchuan City, China tyre factory
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International Tyres agrees exclusive Blacklion and Fortune distribution deals

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Hasselman; Unsplash

New for 2023, growing wholesaler International Tyres has taken on Blacklion Tyres and Fortune Tyres as exclusive additions to the company’s product portfolio.

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Related news:

  1. Point S and International Tyres to introduce Fortune tyre range at CV Show 2022
  2. Aeolus partnership extension and Blacklion TBR addition highlights of KRT’s 2014
  3. International Tyres offers ‘comprehensive choice’
  4. International Tyres aims for Europe
/by

Doublestar shifts focus to overseas markets

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Qingdao Doublestar’s 2022 annual report shows stable revenues and growing losses. While operating income amounted to 3.91 billion yuan (£460 million), an amount fundamentally unchanged from the previous year, the bottom line net loss attributable to shareholders grew 87.93% year-on-year to 601.9 million yuan (£70.82 million).

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Related news:

  1. Doublestar the only bidder left to buy Kumho
  2. Acquisition ugliness: Kumho Tire execs threaten mass resignation
  3. Doublestar back in pole-position for Kumho purchase
  4. Why Doublestar’s Kumho purchase is a good idea
/by

Federal signs off-take deal with Vietnam tyre factory

Federal

On 24 February, Federal signed an off-take agreement with Vietnam XT Tyre. According to the agreement between the two parties, XT Tyre will start to produce tyres for Federal in 2023 by Federal’s orders and production specifications. Federal did not disclose the details of the cooperation with XT Tyre, including the specifications and production capacity involved in the making the agreed products and the specific timetable for the collaboration between the two parties.

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Related news:

  1. Cheng Shin launching 40 million tyre capacity expansion in China
  2. Taiwan-based tyre manufacturers raising prices
  3. Guizhou Tire begins $350 million construction project on two China factories
  4. USA to introduce antidumping, countervailing orders on PLT tyres from 4 countries
/by

DRC a Tyrexpo first-timer

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Originally created by the US military as a retreading facility, Danang Rubber (DRC) claims the highest market share for truck tyres within Vietnam, a country with almost 100 million people and a very active road transportation industry. The company is also a first-time Tyrexpo Asia exhibitor and is “enthusiastically looking forward” to introducing itself to Asian and global markets.

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Related news:

  1. Tyrexpo series working with the industry to become preferred event
  2. Tyrexpo Asia 2021 goes hybrid
  3. Tyrexpo Asia moving to Thailand in 2022
  4. TyreXpo Asia ‘sold out’ – exhibitor waitlist
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Cheng Shin launching 40 million tyre capacity expansion in China

Cheng Shin

Luo Yongli, deputy general manager of the company, recently told a briefing that he is optimistic about the operation of Cheng Shin in 2023. In the past, Cheng Shin has reportedly significantly reduced capital expenditures to combat adversity in the operating environment. But with the overall situation expected to improve, the tyre maker will start expanding production capacity, including launching a 40 million tyre capacity expansion plan at factories in mainland China.

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Related news:

  1. Maxxis re-appoints Dr Wally Chen as chairman
  2. Thailand woos global tyre manufacturers
  3. Report: Carbon black manufacturing is moving to China and India
  4. Maxxis/Cheng Shin investing $500 million in tyre factory construction and expansion
/by

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