Late last week, the United States International Trade Commission declared its intent to launch an investigation into imports of off-road (OTR) tires made in China, India and Sri Lanka. The investigation excludes OTR tires from China already subject to anti-dumping (AD) and countervailing (CV) duties under Antidumping Duty Order, 73 FR 51624 (September 4, 2008)
Profitability at Chinese tire manufacturers fell 31% YoY in the first 11 months of 2015. There were nine loss-making companies who suffered losses totaling 701 million Yuan and the goods inventory fell 6.76%, according to new data from China Rubber Industry Association. In response a small group of local tire makers is adopting similar strategies
A report from Uganda suggests that Linglong takes local counterfeits very seriously. Just before Chinese New Year, Linglong president Wang Feng visited Uganda to sign a partnership agreement with Omar Mandela, chairman of Mandela Group, appointing its subsidiary City Tyres as their sole distributors. Wang used the opportunity to register the Linglong name and trade
In a press statement on SBWire, a Chinese company called Annaite Tire claims to be named as a top-20 tire maker since 2011, but does not name the source of the ranking. The company claims annual sales of RMB6billion (USD900m). This level of turnover would place it in the range 30th-40th in the world, on
Double Coin said its RLB450 drive tire has met the requirements of the U.S. Environmental Protection Agency’s (EPA) SmartWay Technology Program. Source: Double Coin
Shandong Fenglun Tyre Co., Ltd (山东风轮轮胎) is reportedly in deep financial trouble, following a legal claim by a carbon black supplier. China Tire Dealer reports that the company lost a court case brought by an unidentified supplier in January. As a result, the company is liable to have its assets seized with immediate effect. The
During Goodyear’s annual results presentation on 9 Feb., CEO, Rich Kramer said Goodyear’s China business saw over 30% volume growth (year-on-year) in the fourth quarter. This was mainly due to new OE business, where Q4 sales increased 43% YoY. Kramer said this was triggered by local tax incentives on small cars. In Q4, Goodyear’s replacement
Dunlop (Sumitomo) held a press conference Jan 23-24 in Shanghai to launch a series of new tires to the China market. The company’s president, Ikuji Ikeda (池田育嗣) hosted the event. The company invited along some of China’s national track and field athletes to endorse Dunlop products, as SRI will sponsor the national track and field
At its capital markets day in November, Nokian told analysts that it expects the Winter tire market in China to expand at 25% CAGR. It estimates 2015 sales in China at 5.5m units, and expects that to increase to 10.7m units by 2018. The company said it has 134 dealerships in China. Source 1: CEO
According to a report in China Tire Dealer, Nokian has decided not to build a new factory in China. Previously the company had said it was looking at locations in Europe, China and the United States. The story has also appeared in Tire Business, European Rubber Journal and other publications. Nokian said, “no decision has
A weekly newsletter of developments in the China tire industry including news reports and David Shaw’s expert commentary and analysis.
Monthly English & Chinese language newsletter bringing together global news stories covering retail, strategy, sustainability and legislative issues.