As reported in our 1 January issue, Double Coin announced on 24 December that it is restructuring. The company is to set up a new wholly owned subsidiary to handle its tire activities. The new name is Double Coin Tire Co., Ltd. There is speculation in China that this is a pre-cursor to a sale
In an exclusive article published in China Rubber, Aeolus chairman and prospective controller of the Pirelli brand outlines his view of how the tire industry should transform. He first reiterates many of the problems seen in the West: low price; low brand recognition prejudices against ‘Chinese’ tires, sales based mainly on price and so on.
A report on TireChina says the Shandong Weigel Group (山东威格尔集团 ) has signed an off-take deal with Apollo. We contacted Apollo Tyres in India, who said, “The deal mentioned by you, and the article link, has nothing to do with Apollo Tyres.” Website of Shandong Weigel
Shandong Governer Guo Shuqing (郭树清 ), declared regional ‘support’ for a series of industries including tires. This ‘support’ covers consolidation and restructuring to improve environmental responsibility, over-capacity and low-technology companies. Other industries targeted for similar ‘support’ include, “steel, coal, cement, nonferrous metals, ships, refining and other industries.” The statement was made at a regional meeting
Further to our report in the 8 Jan issue, Wanli Tire has outlined the timetable for moving its factory in Panyu, Gunagzhou. Corporate headquarters is expected to move ahead of the Chinese new Year. The Passenger car tire production line is expected to stop by 30 June 2016. The TBR line is expected to close
Pu Lin Chengshan (Shandong) Tire Co., Ltd. and Weihai International Logistics Park have signed a deal under which WeiHai will supply logistics services. Pu Lin is the re-named former partner of Cooper Tire and has capacity for 15m passenger car tires annually. It sells products under the brand names Prinx, Chengshan, Austone, Fortune The deal
After five months of declining export volumes, China’s tire industry saw a slight recovery in December. Export revenues fell due to lower selling prices. The total volume of exports in December 2015 amounted to 40.44 m units, worth RMB7593m Compared with December 2014, volumes were up 0.3#, but value was down 5.5%. Over the year,
Speaking to a local news reporter, 51-year-old Huang Xiong (黄奕雄 ), chief engineer at Tianyang Mold Co., Ltd (天阳模具有限公司的 ) said that Chinese tire makers are increasingly relying on moulds made in China and designed in China. Initially, he said, there were many drawbacks to Chinese moulds, so much that the purchasers of the first
A long article in China Tire Dealer outlines Hankook as a case study in how to build brand value. The article tracks the history of Hankook from its founding in 1941 as just another Asian no-name brand. It tracks the development of Hankook in the United States Europe and China and notes that around 5%
October 2015 China modified car production was 111,858.00 units, an increase of 3.05%. 2015 1 – accumulated the end of October China’s auto output 1,065,615.00 modified vehicles, down 6.21%. October 2015 national modified car data table in the following table: 2015 January-October vehicle production in sub-provinces nationwide conversion tables area October (cars) 1 – ended October total
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