Sentury general manager Lin Ye Long (林奕龙 ) spoke to staff saying that 2015 had been a difficult year, but Sentury has managed to improve sales and profits. He claimed that Sentury is the most profitable tire maker in Shandong. In 2015, Sentury spent USD400m on its new factory in Thailand and it is planning
Aeolus, Double Coin, Double Star, GiTi, Sailun and Guizhou Tire all announced in 2015 that they intend to buy financial services. TIRes suggests that this may for two reasons: partly to re-structure debts as banks tighten credit controls and partly to generate income from under-used capital when revenues from tires are falling. CCorporate results indicated
Zhu Fushou (朱福寿 ), general manager of DongFeng Motors has been expelled from the Party, and demoted following serious disciplinary violations, according to China’s Central Commission for Discipline Inspection (中央纪委 ) Source: Central Commission for Discipline Inspection (see third-to-last item)
A detailed report in TireWorld alleges that Toyo is selling defective tires in China. The magazine has carried out independent research to suggest that some of the waxes and oils used in the tires are leaching out to the surface. This surface bloom is affecting braking performance. Tire World suggests that Toyo is aware of
Customs data shows that Chinese tire exports to various countries fell in 2015 compared with 2014. The country exported 444.51 million units, down 6.6% on the previous year, but the value was down by 15.1%, to RMB 85,854million, suggesting an average price fall of around 10% per unit to RMB195 per unit. Internal commentary suggests
Chongqing local government aims to boost its end-of-life tire programs. The city produced 8m end-of-life tires in 2014 and expects this to reach 10m in 2015. The weight of this is around 240,000 tonnes and if burned in power stations it could represent a saving in fuel costs of RMB 88m – 1000m annually. Source:
At the 2015 annual truck fest in Beijing, dealers, truckers and others were asked to vote on the best truck; best tire and other issues affecting their business. The most popular trucks were Volvo FH500 Volkswagen T6 series, Auman GTL Mercedes version Yutong Bus T7 series Asked about tires, the truckers said the most important factors were longevity and
A fire broke out at Chaoyang Tires (Long March) in Chaoyang City, Liaoning Province. The fire is reported to have started around 13.20 local time on Sunday 24 Jan. It reportedly affected several enterprises in the immediate locality. No cause was given, and there is currently no information about damage to the plant or warehouses.
As part of its internationalization process, Shandong Linglong Tires has signed a cooperation deal with Beijing Jiaotong University. Beijing Jiaotong University, is said to be an important base for transportation, logistics, information, new energy and other industries of high-level personnel training. Linglong already cooperates with Tongji University, Jilin University, Tsinghua University, Qingdao University, Shandong University,
In a stock market filing, Double Coin said it expects to see 2015 operating income to be between 50% and 100% better than sales in 2014. Net profit attributable to shareholders is expected to be up by 80% to 120%. Source: Stock market disclosure
A weekly newsletter of developments in the China tire industry including news reports and David Shaw’s expert commentary and analysis.
Monthly English & Chinese language newsletter bringing together global news stories covering retail, strategy, sustainability and legislative issues.