Kumho Asiana Group has contributed over Won100m (USD81,000) to China’s “the future belongs to the child fund”. The donations have been used to help children with learning difficulties to attend concerts and other music education. The fund was set up in 2012 and given a further boost in 2014. Source: Yunken
By the end of December 2015, with total 1305 exporters, total exports of Chinese aluminum wheels amounted to US$ 788,600 tons worth 3.867 billion. That is a decline of 1.3% in volume and 2.5% by value compared with a year earlier. The average export price was $ 4.90 / kg. 1 CITIC Dicastal Corp. 2
Carbon black producer Jianxi Black Cat has reported full-year sales for 2015. Sales fell 22.6% to RMB 4775m, while net profit plunged 82% to RMB 17.4m The decline was blamed on low oil prices and over-capacity in the Chinese carbon black market combined with low demand from Chinese tire companies. 2015 full year Previous
Carbon black producer Jianxi Black Cat has set up two subsidiaries. The first of these is Shanxi Black Cat Coking Co, which will be established in South Korea. The second is in logistics as a joint venture. It will be known as Huijin Logistics (汇金物流). Source: CRIA
The on-going IP dispute between China-based Sino Legend and US-based SI Group appears to have reached an end. SI Group has lost, according to a press release from Sino Legend. The dispute centres around resins used in tire manufacture. SI Group used to dominate the global supply of these products, but Sino Legend set up
Online tire sales maintained their 30% average annual growth rate in January. Online sales activities are being supported by the government, including Prime Minister Li Keqiang. Michelin was again top of the online brand sales ranking in January 2016. Company Sales volume (units) Michelin 18800 Dunlop 14000 Bridgestone 12000 Chaoyang 10000 Linglong 9000 Giti 7500
China Tire Dealer is carrying a report on tires bought on WeChat and other social media sites, along with warnings about fake tires, and failed deliveries, where the seller just takes your money. Source: China Tire Dealer
China Tire Dealer says that 2016 will see a battle between tire dealers and retailers against the manufacturers in a bid to boost profits. Overcapacity has meant prices have continued to fall, which has cut into profits of everyone along the supply chain. The article says 2015 was difficult, but 2016 will be even tougher
A thought-provoking article in China Tire Dealer shows the age profile of the bosses of tire dealers. Most were born in the 1970s and 1980s, with only a few in the 1990s or 2000s. The article argues that the industry needs more young people to take over. Source: China Tire Dealer
China Tire Dealer has published a rather glowing story about the Tire King dealer network operating under the website tdw360.com. Source: China Tire Dealer
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