An article in Tire World tracks some recent mergers and acquisitions (M&A) activity in the tire industry and speculates about further M&A activity in tires. It begins with the first tires made in China: in October 1934 the Great China Rubber Factory in Shanghai produced bias truck tires carrying the Double Coin brand. Since then,
Donging City deals with around 50% of China’s tire exports. The city is setting its targets for the thirteenth five year plan (2016-2020). In the coming five-year-plan, Dongying will put in place three measures. It plans to become the country’s first tire and rubber manufacturing cluster by encouraging more tire makers into the region. The
Double Star says it has been investing in e-commerce and is claims to be the first Chinese tire manufacturer to re-build its management, organisation and product range to meet market demand. Double Star has been monitoring the market and now claims to deliver the right products at the right price. In management terms it is
Aeolus held a marketing meeting on 14 Feb, to underline the return to work after start of the Year of the Monkey. Over 260 attended the meeting which was chaired by local branch secretary, Qin Hongsheng (秦鸿胜) The focus of the meeting was to share experience of marketing, channel distribution and how to sell tires.
China’s tire company bosses are seeking a way forward, but few are finding it. In some cases, financial problems are so great that the company has been declared bankrupt, and a merger or cooperation forced upon it. Although this is painful at the time, without this drastic action the company would in any case die.
China’s Quality authority has issued its second list of “Chinese export quality and safety demonstration enterprises” (中国出口质量安全示范企业) and has included some tire makers in the list. China’s State Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) issued the list in early February. The list includes the following companies 19 Kenda Rubber (China) Co., Ltd. (建大橡胶（中国）有限公司)
German Motoring club ACE (Auto Club Europa) carried out a comparative test on budget Summer tires and published the results last week. The tire from GiTi came last and the magazine test results appeared to contradict the label scores on the tire. A model from Nexen came top, beating a Hankook tire by a few
A Jiaxing newspaper website carried an interesting article on the return to work after the Spring Break. Hankook workers were grateful to the company for providing a fleet of buses to take them to their homes and back again to Hankook. The company chartered 78 vehicles to transport its staff to 34 destinations in six
CRIA has reported on China’s national (not just tires and rubber) export statistics for January. Total exports for the month were down 6.6% year-on-year, while imports were down 14.4% CRIA published a great deal more data in the article. Source: CRIA
Russia’s Interfax news agency quotes Russian Finance minister Anton Siluanov (Антон Силуанов) saying that no decision has been taken on the widely-rumoured imposition of excise duties on tires. Source 1 : Interfax (Russian language) Source 2: Russian Broadcasting Corp.
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