Triangle Tire to build PCR, TBR factories in North Carolina

By David Shaw On 12 November, Triangle Tire issued a Chinese-language stock market announcement announcing plans for two tire factories at an unspecified location in North Carolina, United States. These will be Triangle’s first non-Chinese manufacturing operations. In the first phase, Triangle plans to build a factory for 5mn units/year of high-performance PCR and SUV

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Tire Industry in 2017

Some of the top issues affecting the global tire industry today include: Price changes New mobility models Tariffs Developments in China’s tire industry Sustainability Management of change Our newest Annual report “” takes a deep dive into these critical subjects. Pricing and financial performance Our looks at the volatile history over the last 12 crazy

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China Tire Intelligence August 2016

Continuing our reporting on developments in China’s tire industry, August has been an active month, with IPO approvals given to both Triangle and GST. Triangle’s is going well, with the share price of RMB22.07 raising up to USD640m. The 30% share that was sold online was over-subscribed by a factor of over 2000 times. (See

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Linglong posts prospectus ahead of IPO

On June 13th, Shandong Linglong Tires Ltd announced a preliminary notice of its initial public offering (share offering) on a Chinese stock exchange. The issuer’s stock is shortened as “Linglong tire”, stock code “601966”on the Shanghai Stock exchange. The company aims to issue 200m shares at RMB12.98 (USD1.97) each, raising a maximum of almost USD400m.

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China Tire Intelligence, monthly report – April

By David Shaw Tire makers still in a bad way China’s tire makers are still in a bad way. Spring has not yet arrived after the long economic Winter caused by US tariffs, the economic slowdown and other factors. Nevertheless, there are signs that the last snows have fallen and a few early flowers might

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China’s Tire industry – the fog begins to clear

China’s tire industry is in melt-down. The question now is, how long can the current situation last? I’ve just come back from Shandong Province and the mood is not good. When things are not going well, Chinese people will rarely tell you the real situation. When they tell you things are bad, you know the

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How China’s Tire sector might develop – Part 1

I’ve spent a lot of time talking to people in China these last couple of months, and the mood is not happy. First, they are dealing with a downturn in the domestic truck market; second there is the issue of widespread tariffs against Chinese-made tires and third the question of land prices. The prospect of

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BRISA full-year profits up by 51%

Turkey based tire Company Brisa has recently announced its financial results of 2013. Compared to the previous year, the company’s sales revenue for 2013 was £ 1.489 billion (US$ 2.493 billion). Total sales for Brisa were up 12.6%. The increase in sales was primarily because of the rise in sales of light commercial vehicles. Net

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SRI opens Thailand Agri tire factory

Sumitomo rubber has officially opened its new agricultural tire factory at Amata City Industrial Estate, Rayong Province. This is the firm’s first factory outside Japan for agricultural tires. The rise in global food demand has pushed the requirement of agricultural equipment tires in Thailand. Approximately 13 billion yen has been invested in the new 130000

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Styron converts Schkopau BR line to Nd-BR

Styron will be converting its  Butadiene Rubber (BR) production train located in Schkopau, Germany, to Neodymium catalysts. The switch to Nd-BR s expected to be completed in the Fourth Quarter of 2015. It will enable the company to meet the growing demand of Nd-BR for green tires and ultra high performance tires. “The Nd-BR development

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