Qingdao DoubleStar and Shandong Hengyu (山东恒宇科技有限公司) are to form a cooperation and joint venture designed to promote the consolidation of the industry. At TIRes, we think this means DoubleStar is absorbing the assets of Hengyu and is re-launching under a new company name, Qingdao Constant Star Tire Co., Ltd (青岛星恒轮胎有限公司 ). DoubleStar recently signed a
A group of Chinese researchers claim to have developed a liquid-phase mixing system that delivers excellent dispersion of silica or other filler in natural rubber latex. The new project is a joint development led by Beijing Science and Technology Co., Ltd and claims to have unique and independent intellectual property rights. The new development from
Hankook is investing in its Chongqing factory. The company plans to increase automation in Chonqing, which is now its largest tire factory in China. It also operates tire factories in Jiaxing, Zhejiang Province and in Huai’an in Jiangsu Province. The company is currently putting in a line to make 2400 TBR tires daily. The factory
A series of reports from China picked up on the 2015 online tire sales analysis carried out by Chinese Tire Business Network (www.tirechina.net). All the main tire manufacturers have set up an online presence in China, many through the Lynx (T-Mall) platform. Online sales of tires doubled in 2015 compared to 2014. Total sales were
A report in the Changjiang daily says that online tire sales in China are limited compared with other regions of the world. Even in the world’s biggest internet shopping day – 11/11, only around 180,000 tires, worth RMB65m were sold on the Tuhu platform in China, said Chen Min (陈敏 ) founder of Tuhu.cn In
Tireworld.com visited the operations centre of China’s largest online autospares retailer, Tuhu.cn. The company is a vertical platform, focused around the car aftermarket, with a specialism in tires. The company follows the model common in Europe of consumers visiting the site, selecting their tires and paying for them and reserving a slot at a local
An analysis of share prices and shares in issue has given an estimate of the top tire makers by market capitalization. Company Billion RMB Million USD Double Coin 37.571 5710.7 Sailun / Jinyu 9.384 1426.3 Qingdao Double Star 6.719 1021.3 Aeolus 6.445 979.6 Guizhou Tires 5.614 853.3 Source: CPCIA
A simple competition analysis features six top tire makers listed on the Shenzen (SZ) and Shanghai (SH) stock exchanges. The companies selected (with stock codes) are as follows: Guizhou Tire (SZ000589) Qingdao Doublestar (SZ000599) Aeolus (SH600469) Double Coin (SH600623) Sailun/Jinyu (SH601058) GiTi (SH600182) Company Share price* (RMB) earnings/share† sales growth (%) § Net profit
Around 6% of the 8200 complaints made by Chinese motorists in 2015 concerned tires. This amounted to 508 complaints about tires – up from 499 in 2014. Within these 508 cases, 279 concerned abnormal, or accelerated tire wear. 145 concerned a catastrophic bursting 124 concerned blisters or swelling on the sidewalls 45 involved a combination
A report in the Dongying Daily said that rubber tire production has become an important pillar of economic activity. It said the total capacity for TBR tires is 7.6m units/year and the total capacity for car tires is 88m units/year.
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