Shandong Fenglun Tyre Co., Ltd (山东风轮轮胎) is reportedly in deep financial trouble, following a legal claim by a carbon black supplier. China Tire Dealer reports that the company lost a court case brought by an unidentified supplier in January. As a result, the company is liable to have its assets seized with immediate effect. The
During Goodyear’s annual results presentation on 9 Feb., CEO, Rich Kramer said Goodyear’s China business saw over 30% volume growth (year-on-year) in the fourth quarter. This was mainly due to new OE business, where Q4 sales increased 43% YoY. Kramer said this was triggered by local tax incentives on small cars. In Q4, Goodyear’s replacement
Dunlop (Sumitomo) held a press conference Jan 23-24 in Shanghai to launch a series of new tires to the China market. The company’s president, Ikuji Ikeda (池田育嗣) hosted the event. The company invited along some of China’s national track and field athletes to endorse Dunlop products, as SRI will sponsor the national track and field
At its capital markets day in November, Nokian told analysts that it expects the Winter tire market in China to expand at 25% CAGR. It estimates 2015 sales in China at 5.5m units, and expects that to increase to 10.7m units by 2018. The company said it has 134 dealerships in China. Source 1: CEO
According to a report in China Tire Dealer, Nokian has decided not to build a new factory in China. Previously the company had said it was looking at locations in Europe, China and the United States. The story has also appeared in Tire Business, European Rubber Journal and other publications. Nokian said, “no decision has
Cooper Tire Asia has introduced two tyres aimed at sports utility vehicle (SUV) for the Chinese market. Both products were developed by Cooper’s Asian Technical Centre in Kunshan, about an hour’s drive north of Shanghai. Both products will be made available in China during 2016 The first of these, is the Mastercraft Courser Sport 100.
Reuters reports that Indian tire stocks jumped on Tuesday on market expectations that the Indian government may impose minimum prices for tire imports or announce an outright ban on inbound shipments. Last month India’s tire makers issued a white paper calling for import protection against truck/bus tires made in China. Source: Reuters
Cai Xi (蔡希), a senior executive with Sinochem Corp has been expelled from the Party for alleged serious violations. The Sinochem company is now under investigation. In an announcement on the Central Commission for Discipline Inspection Department website, the organisation said that Cai, a director, and general manager of Sinochem, is being investigated. A document
In a press release issued on Tuesday, VMI said, “Over the past years, VMI has successfully started several IP infringement cases in China. Recently, new incidents of blatant infringement against VMI’s model protection and patents came to our attention. VMI has commenced further enforcement actions and will take all steps necessary to make these offenders
In a test inspection of nine agricultural tires, all of them were found tobe compliant with the relevant specification: GB / T 1192-2008 Agricultural tires. The tires complied with the following attributes: hardness (Shore A), tensile strength, elongation at break, Ply adhesion strength (buffer ply), the amount of wear (Akron abrasion test), Ply adhesion strength
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