China Tire Dealer says 2016 must be the year of restructuring in the Chinese Industry. Again, the phrase, ‘Supply side reform’ (SSR) crops up, with a prediction of a deep ‘Winter’ (recession) across many industries as over-capacity is removed and enterprises are upgraded to more modern manufacturing technology. The report quotes Economist Zhong Wei (钟伟)
With the introduction of dual tariffs against Chinese tires, tire makers are seeking new markets. The trougle is, says an article on Tireworld, Chinese tire makers do not know what those markets need. The article quotes Chinese Minister of Trade and Investment Promotion Department (CCPIT) Lin Shunjie (林舜杰). He said that simply identifying a gap
China’s National Development and Reform Commission (NDRC) has named 20 rubber-related companies to the list of 1187 National Enterprise Technology Centres. The ranking is based largely on the number of patents issued by the organisation. A place on the list means that companies can apply for tax reliefs, and other benefits, according to State policies.
The German motor transport inspection agency, GTÜ carried out a test of summer tires in size 225/45 R 17. While Continental’s ContiSportContact 5 came out as a clear winner, three Chinese brands were described as a danger to safety due to poor wet braking performance. The Agency highlighted the tires from GT Radial, Linglong and
Triangle has brought on stream its car tire factory in Nanhai, Shandong. The unit has capacity for 4m car tires annually. The first tires came off the line on 19 Feb. Triangle said the factory is fully compliant with Industry 4.0 criteria and the unit is 40% more efficient than the existing factory in Weihai.
A week ago, we reported on the visit by Linglong chairman Wang Feng (王锋) to Uganda. Linglong has more details on its website. The Linglong delegation went to Uganda with its distributor there, City Tyres. Source: Linglong Press release
Zhongce Rubber Group (Jiangxi) held its General Assembly in Nanchang on 20 Feb. The meeting was hosted by ZC Rubber Group Vice President Ge Guorong (葛国荣) supported by group marketing manager Liu Leilei, (刘雷雷). Delegates included 900 of the top dealers in Jiangxi and their families Ge Guorong told them that the industry is facing
Zhongce Group held a series of dealer meetings towards the end of the New Year holiday and sold over 200,000 tires in three days. Feb18, Delong, ChaoYang and Yadu tire dealers meeting held in Northwest region. Hundreds of dealer participated and ordered 21500 TBR tires. Feb18, Zhongce Dealers meeting in Guiyang, 200 dealers participated and
Zhongce Group laid on over 23 buses to take over 1000 workers home (and back) for the New year holidays. Shen Jinrong, president of ZC Rubber attended some of the buses, giving out gifts and greeting workers. Zhongce did not charge workers for the transport and even added gifts, snacks nd other extras. The company
In a stock market statement, Guizhou Tire said it is cancelling its proposed share placement. The company had planned a rights issue, with details posted on 20 November 2015. Unfortunately the large loss posted for 2015 (see story below from issue dated 5 Feb) means the terms of the rights issue can no longer be
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