By David Shaw Tire makers still in a bad way China’s tire makers are still in a bad way. Spring has not yet arrived after the long economic Winter caused by US tariffs, the economic slowdown and other factors. Nevertheless, there are signs that the last snows have fallen and a few early flowers might
In the last month there have been some significant developments in the tire industry with respect to labelling. First, China has developed its own label. It was shown at a press conference in Beijing on 22 April 2016. Second the EU has published a major study on tire labelling Third, the EU has begun a
In the last month there have been some significant developments in the tire industry with respect to labelling. First, China has developed its own label. It was shown at a press conference in Beijing on 22 April 2016. Second the EU has published a major study on tire labelling Third, the EU has begun a
In the last month there have been some significant developments in the tire industry with respect to labelling. First, China has developed its own label. It was shown at a press conference in Beijing on 22 April 2016. Second the EU has published a major study on tire labelling Third, the EU has begun a
An insightful analysis by international consultancy Dezan Shira & Associates, looks at the recycling industry in China and how it differs from the recycling sector in the West. The key difference is that Westerners tend to see recycling as, “a civic, responsible, and green activity. In China, however, recycling is a market-driven economic activity galvanized
This table shows Chinese TBR companies price adjustment in February. The reductions go against optimism in the industry that prices might in fact increase in the coming months. Company Price Adjustment Hengfeng Rubber Plastic -3.00% Yongsheng Rubber -3.00% Fangxing Rubber -2.00% + -2.00% more discount every hundred tires Huasheng Rubber -3.00% Shengtai Rubber
In February, PCR prices continued to fall. This is measured by the PCR Distributor price index (PCR-DPI). China’s PCR-DPI hit 69.6% in February 2016. This was a fall of 0.11% since January and a decline of 2.34% since February 2015. The index is based on 100% at May 2011. It has fallen steadily since April
After rapid fall in 2015, China’s tire industry has had a tough start to 2016. Layoffs, bankruptcies, mergers, restructuring, de-capacity and cost reduction have become the common words to Chinese tire companies, both small and large. What do the next three years hold for this industry? Prediction 1: Profit will fall to zero Perhaps, or
China Tire Dealer reports on the changing face of the tire distribution trade in China. The traditional approach is like a pyramid, consisting of a tire manufacturer, tire wholesaler, tire distributor and tire store. The tire maker at the top is a large company handling many tires. At the bottom, a large number of retailers
As the Internet develops, China Tire Dealer has some advice for tire dealers who want to place online advertisements: • Net-users tend to have higher education background and spending power. • Internet takes your message all over the country; not just your local area. • Lower costs can bring benefit especially to small companies. •
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