Dalian Rubber & Plastics machinery has won a contract to supply Sinoma Science & Technology Co., Ltd (中材科技) with equipment worth a total of RMB 27,790m (USD 4255m). The contract begins immediately. The project is to supply a manufacturing line to produce lithium film and is unrelated to tires, but means Dalian R&P has some
China’s Ministry of Commerce has approved a strategic investment by Tak Lee International Holdings Limited (德诚利国际集团有限公司) in Dalian Rubber & Plastics machinery. Under the agreement, Tak Lee will take up to 23.4% of Dalian R&P subject to the outcome of a major asset restructuring. Source: Stock Exchange Announcement
A joint research project by Sailun and the Lanzhou unit of PetroChina has been developing solution-SBR technology. The project has won the China Petroleum and chemical industry Association 2015 annual Technology progress Award. A long story on Tire China says Sailun has made 28 kt of this S-SBR, at a profit of RMB1000/tonne. It is
Baling petrochem has been developing styrenic block co-polymers (SBCs) these are not used in tires, but the reactors can be used to make S-SBR and BR materials, using slightly different technology. Source: CRIA
Chinese machinery supplier Mesnac was named as tire supplier of the year at this year’s Tire Technology awards. Source: Mesnac
Jingdong Liu (京东集), CEO of Jing Dong, one of the largest ecommerce platform in china has delivered a speech during “16th Yabuli China Entrepreneurs Forum ” in Heilongjiang Yabuli, telling traditional entrepreneurs: “do not dream of setting up your own e-commerce platform” He described the traditional value chain for established products, such as tires. He
China Tire Dealer has a story with pictures of a heavily-laden small truck driving up the high speed expressway between Shanghai and Beijing on Feb 23 when it experienced a high-speed blowout. Source: China Tire Dealer
Commentary by our China editor February 19 – The US Department of Commerce has announced that it plans to start anti-dumping (AD) and anti-subsidy (CV) investigations on truck and bus tires imports from China. The Anti-dumping investigation period is from 1 July 2015 to 31 December. The Anti subsidy (Countervailing duties) investigation period is the
Although most in the tire industry now recognise that consolidation is necessary, that does not mean it will happen. One of the key reasons is lack of management experience at doing the deal. A report on Gasgoo says that only 40% at best of merger discussions end successfully. Source: Gasgoo China
A rather introspective article in Tire World assesses the differences between tires made by Chinese companies and those made under leading brands. The report is one of a number from an event tracking the future of China’s tire industry. The report addresses the new main concern of the CRIA and other policy-makers; that poor marketing
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