In a rather extraordinary story, a general rubber goods maker in Xi’an was destroyed over the new year holidays by a group of hundreds of masked men wielding crowbars, hammers and even a digger. Friendship Rubber products Co Ltd of Xian (陕西西安市联谊橡胶制品有限公司) was reportedly attacked three times over the new Year break by groups of
Argentina will investigate possible dumping of China-made alloy wheels in the country. This is the latest in a series of similar investigations by different countries on China-made alloy wheels. Source: Tire World
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
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