In September China’s Ministry of Industry and Information Technology (MIIT) began inspecting tire makers to see if they are compliant with the Access conditions (轮胎行业准入条件) and Tire Manufacturer Announcement Interim Measures (轮胎生产企业公告管理暂行办法). MIIT has now published the first list of compliant factories. In the table below, capacities are given as multiples of 10,000 units/year, so
Wuxi-based General Science & Technology Co., China’s Securities Committee has approved Ltd.’s application for an IPO. General Science & Technology (GS) makes tires under the brands Maxima (千里马), Red Horse (赤兔马), Qi Ma (骐马), Starwood Pass (喜达通), Tongyun (通运) names. It has annual capacity for 3m truck tires 1.7m bias-ply car tires; 6m motorcycle tires
General Science & Technology held its annual dealer meeting at the end of January. The company attracted hundreds of dealers to the event in Shanghai. Company chairman, Gu Cui (顾萃) told delegates that the Internet and e-commerce would transform the industry. GS is actively exploring this area. Source: Company announcement
General Science & Technology held a ceremony to mark the start of construction of its new PCR factory. Company chairman, Gu Cui (顾萃) told the audience “we are about to enter a new stage.” Source: Company announcement
Further to our report in the 12 Feb issue, it is now being suggested that Shandong Fenglun Tyre Co., Ltd (山东风轮轮胎) has become an early casualty of the Shandong government’s drive to close ‘zombie’ tire makers. On 12 Feb we reported that the company was involved in a dispute with a supplier of carbon black
On 26 Feb, Wanli Tires (South China Tire Co) signed a cooperation deal with Shanghai Lu Sheng Investment Co., Ltd. (上海陆晟投资股份有限公司), a tire and auto-parts dealer network. Lu Sheng reportedly has 110 fully-owned stores and a further 12,000 associated retail outlets and reports annual turnover of RMB10,000m The deal covers three aspects: Develop a new
On Feb 27th, Sentury’s Delinté brand held a dealer meeting in Shanghai in conjunction with the Shanghai Lu Sheng Investment Co., Ltd. (上海陆晟投资股份有限公司), a tire and auto-parts dealer network. Source: China Tire Dealer
Linglong held its “new winter tire Seminar” in Wudalianchi, Heilongjiang Province. Tire distributors and media from Northeast, Inner Mongolia and Xinjiang province attended and experienced weather conditions from -15° to -30°, The company launched its “Green-Max winter ice” winter tires. Source: Linglong
On 3 March, Aeolus issued a statement saying that it is making progress on its asset restructuring. The company suspended its shares on 4 Feb for a maximum of 30 days saying the controlling shareholder, China National Chemical Rubber Co., Ltd., is planning a reorganisation of assets related to the company. On 24 Feb the
Aeolus held its annual leadership-debriefing meeting on Feb 29 at its Production operations control center. Company executives and key staff made onsite reports to the senior executives based on aspects of Job performance, Leadership Honesty and self-discipline, The reports also evaluated the leadership team’s work in accordance with “moral, ability, diligence, achievements and honest “.
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