Financial Archives – Tire Industry Research

Global Tire industry in September

David Shaw — Mon, 02 Oct 2017 11:52:03 +0000

We have just published the September issue of our global tire industry newsletter. This 36-page publication brings you unique insights into: Changes in the tire industry uncovered at the Frankfurt IAA A unique analysis of Pirelli’s IPO and prospects for the future Japan’s tire industry (in numbers) India’s tire industry (in numbers) India’s tariffs on TBR

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China Tire Intelligence August 2016

David Shaw — Wed, 31 Aug 2016 14:16:50 +0000

Continuing our reporting on developments in China’s tire industry, August has been an active month, with IPO approvals given to both Triangle and GST. Triangle’s is going well, with the share price of RMB22.07 raising up to USD640m. The 30% share that was sold online was over-subscribed by a factor of over 2000 times. (See

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Triangle issues share prospectus

David Shaw — Mon, 22 Aug 2016 08:24:37 +0000

Last week, after many delays, Triangle Tire finally launched a programme to sell up to 200m shares on the Shanghai stock exchange. The issue price will be RMB22.07/share, leading to a potential gain of RMB 4285m (USD 641m) after costs and charges. The issue is scheduled to take place in the first half of September.

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China Tire Intelligence – July 2016

David Shaw — Sun, 31 Jul 2016 10:22:42 +0000

The biggest news in the China tire industry over the last weeks has been the IPO share issue of Linglong. It was a great success, with the Linglong share price rising 44% on the first day of trading and subsequently climbing to three times the issue price of RMB12.98. We have to ask: was the

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Linglong posts prospectus ahead of IPO

David Shaw — Mon, 20 Jun 2016 10:01:43 +0000

On June 13th, Shandong Linglong Tires Ltd announced a preliminary notice of its initial public offering (share offering) on a Chinese stock exchange. The issuer’s stock is shortened as “Linglong tire”, stock code “601966”on the Shanghai Stock exchange. The company aims to issue 200m shares at RMB12.98 (USD1.97) each, raising a maximum of almost USD400m.

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TPMS law drives All-season tire development in Europe

David Shaw — Wed, 20 Jan 2016 09:26:29 +0000

At the Frankfurt IAA motor show yesterday, two major themes emerged from my conversations with tire makers: New European legislation on TPMS is pushing tire makers to develop super-charged All-Season tires for European markets Global legislation on fuel economy means car makers are setting extreme targets for tire rolling resistance EU market moving toward All-Season

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Where are natural rubber prices headed?

David Shaw — Fri, 28 Aug 2015 09:29:15 +0000

Downward. Natural rubber (NR) is in mid- to long-term structural over-capacity right now, and the situation is made worse by the short- to mid-term turmoil in China’s tire industry. I’m not saying anything new here. The trade has been awash with speculation about how far down the price of rubber can go for the last

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China’s tire makers in meltdown

David Shaw — Fri, 28 Aug 2015 09:26:12 +0000

A perfect storm of negative conditions is driving huge changes in China’s tire industry, causing a meltdown in profitability and output among Chinese tire makers. Desperate Chinese tire makers are driving sharp price falls in almost every tire market and simultaneously forcing down prices of raw materials, notably natural and synthetic rubber. In dollar terms,

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BRISA full-year profits up by 51%

Sourav Mohanty — Fri, 02 May 2014 12:46:39 +0000

Turkey based tire Company Brisa has recently announced its financial results of 2013. Compared to the previous year, the company’s sales revenue for 2013 was £ 1.489 billion (US$ 2.493 billion). Total sales for Brisa were up 12.6%. The increase in sales was primarily because of the rise in sales of light commercial vehicles. Net

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EU Announces Decline in Demand for Commercial Vehicles

Matthew harris — Mon, 01 Jul 2013 13:30:19 +0000

According to ACEA, in May, the demand for new commercial vehicles in the EU resumed its downward trend. The increase in April is thought to have been a calendar effect. The Spanish vehicle market remains stable (+0.4%), while the UK (-4.0%), Germany (-9.6%), France (-11.2%) and Italy (-16.2%) registered fewer vehicles than in May 2012.

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