Heads of tire makers offer New year greetings

China Tire dealer has passed on New year Greetings from the following (among others): Liang Jun (梁首军) Head of Michelin’s truck tire business in China Ge Guorong (葛国荣) Deputy General Manager ZC RubberCorporation Dr. Cao Kechang (曹克昌博士), Senior Vice-President at Cooper Tire Wang Feng, (王锋) Chairman of Aeolus Tyre & Party Secretary Hirofumi Hamada (滨田裕史),

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Three Shandong tire makers face closure over Spring Break

Rumours are flying in Shandong, ahead of the Spring Break. Two key rumours suggest more factory closures. First, Jia Cheng Rubber Industry Co., Ltd. (佳程橡胶工业有限公司) is reportedly facing bankruptcy. The company, also known as Cascen rubber makes tires and tubes for two-wheelers and employs more than 500 at its factory in Zaozhuang City. The boss

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Tire makers predict consolidation in 2016

A survey by Tire World reveals the state of concern among China’s tire makers. 65% of respondents expect that ‘a large number’ of tire makers will cease operations in 2016. Around 31% said only a few would go bankrupt and just 4% said there would be very little restructuring and consolidation. Qualitative responses suggested that

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Recycling company claims to be China leader

Tianjin Hi-Tech Environmental Protection Technology Development Co., Ltd (天津海泰环保科技发展有限公司) claims to have capacity to recycle up to 6m tonnes annually of end-of-life tires. It operates 8 facilities and claims 47 patents as well as recognition by 8 Provincial and Ministerial authorities. It is setting up a pyrolysis scheme and hopes to profit through carbon trading

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Three black industries starting to go green

The heart of Shandong province – the area around Qingdao, Weifang and Yantai – has traditionally focussed on the three black industries: tire manufacture, machinery castings and machining graphite for electrodes. On a press trip, journalists were taken to see some of these industries, including Geruida Tire (青岛 的 格锐达 轮 胎股份有限公司), in which Cooper

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ChemChina acquires Syngenta for US$43 billion

China National Chemical Corp (ChemChina) is to acquire Syngenta, one of the world’s leading agrochemical companies and global seed industry leader through public tender offer of US$ 43 billion. ChemChina is in the final stages of buying Pirelli and last month announced its intention to buy Berstorff parent, Kraussmaffei. Source: ChemChina press release

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Triangle sets out policies for coming year

In a speech to over 2000 staff, Triangle Chairman Ding Yuhua (丁玉华) said that the company can only succeed in its global development by sticking unswervingly to its strategic path. He said the country and Triangle as a company has entered a new standard business environment of substantially lower economic growth, where success will be

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