Online tire sales maintained their 30% average annual growth rate in January. Online sales activities are being supported by the government, including Prime Minister Li Keqiang. Michelin was again top of the online brand sales ranking in January 2016. Company Sales volume (units) Michelin 18800 Dunlop 14000 Bridgestone 12000 Chaoyang 10000 Linglong 9000 Giti 7500
China Tire Dealer is carrying a report on tires bought on WeChat and other social media sites, along with warnings about fake tires, and failed deliveries, where the seller just takes your money. Source: China Tire Dealer
China Tire Dealer says that 2016 will see a battle between tire dealers and retailers against the manufacturers in a bid to boost profits. Overcapacity has meant prices have continued to fall, which has cut into profits of everyone along the supply chain. The article says 2015 was difficult, but 2016 will be even tougher
A thought-provoking article in China Tire Dealer shows the age profile of the bosses of tire dealers. Most were born in the 1970s and 1980s, with only a few in the 1990s or 2000s. The article argues that the industry needs more young people to take over. Source: China Tire Dealer
China Tire Dealer has published a rather glowing story about the Tire King dealer network operating under the website tdw360.com. Source: China Tire Dealer
A long article on China’s recycling portal, the Feijiu Network claims a breakthrough in catalytic de-composition of end-of-life tires. The story says that after years of trying, the scientists have succesfully developed an industrial-scale system that is also commercially viable. It is claimed to be easy, cheap and simple to operate with low energy consumption;
China State Customs is using a ruling to enforce inspections of rubber compound following last year’s new laws on the composition of rubber compound. AQSIQ General Administration of Customs Joint Announcement 2015 No. 165 (出入境检验检疫机构实施检验检疫的进出境商品目录). The Authorities have been checking for compliance with the new rules (GB / T31357-2014) since 1 February Source: China State
China Tire Dealer prints an article about avoiding punctures. Many tires in China are still tubed, so a pucture leads to a catastrophic loss of pressure. In a tubeless tire, the pressure can be maintained for a short time, even with a nail penetrating the outer casing. The article looks at Goodyear’s twin-chamber concept tire;
A somewhat tongue-in-cheek article from China Tire Dealer offers its own answer to Hollywood’s Oscar awards ceremony. Best picture goes to “Tariffs must go” This picture represents the deeply-held view in China that tariffs against China-made tires are unfair and restrictive trade practices. Best Performance goes to Carl Icahn for stopping the acquisition of Pep
The draft prospectus issued ahead of GS IPO contained some interesting data A large spreadsheet containing the Chinese originals and English-language translations of some key data can be downloaded (7.2MB) from this link: http://bit.ly/GST-data The spreadsheet contains the following charts: Profit report 2012-2015 Product and Production capacity and Status by product Production Equipments Status Energy
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