By David Shaw On 12 November, Triangle Tire issued a Chinese-language stock market announcement announcing plans for two tire factories at an unspecified location in North Carolina, United States. These will be Triangle’s first non-Chinese manufacturing operations. In the first phase, Triangle plans to build a factory for 5mn units/year of high-performance PCR and SUV
Some of the top issues affecting the global tire industry today include: Price changes New mobility models Tariffs Developments in China’s tire industry Sustainability Management of change Our newest Annual report “” takes a deep dive into these critical subjects. Pricing and financial performance Our looks at the volatile history over the last 12 crazy
The second week of August was momentous for China’s tire industry. Not in a good way. First, India’s due to cheap imports of truck and bus radial (TBR) tires from China and the Indian government said it was likely to impose tariffs. Second, a preliminary investigation by the of the same products in Europe. This adds to
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.
In the evening (US time) of 29 January, the US International Trade Commission (ITC) formally announced its decision to investigate allegations of dumping of China-made truck tires and a separate allegation of unfair subsidies. These could result in anti-dumping duties and countervailing duties respectively. Late last night in the US, the ITC posted a timetable
Disruption. Change. Revolution. Usually when we talk about the tire industry, we talk about incremental change. Tires are safety critical and big changes introduce too much risk. Vehicle makers, tire retailers and the vehicle operators like tires to be reliable, safe and secure. Tire manufacture is both capital-intensive and labour-intensive. This means tire makers need
We’re putting together the programme for the Tire Technology Conference next year in Hanover. It’s exciting, pulling together 140 or so papers detailing the latest technological advances in this industry. A lot of things in this industry are incremental, so we have papers on a huge range of topics. Many of these have an element
This week, I want to alert you to something from under the radar: there are big changes going on in the retread sector around the world. It’s hard to get numbers on this, but I’m increasingly getting involved in conversations about the impact of imports of low-priced truck tires from China on the global retread
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
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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