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
Cooper Tire Asia has introduced two tyres aimed at sports utility vehicle (SUV) for the Chinese market. Both products were developed by Cooper’s Asian Technical Centre in Kunshan, about an hour’s drive north of Shanghai. Both products will be made available in China during 2016 The first of these, is the Mastercraft Courser Sport 100.
Reuters reports that Indian tire stocks jumped on Tuesday on market expectations that the Indian government may impose minimum prices for tire imports or announce an outright ban on inbound shipments. Last month India’s tire makers issued a white paper calling for import protection against truck/bus tires made in China. Source: Reuters
Cai Xi (蔡希), a senior executive with Sinochem Corp has been expelled from the Party for alleged serious violations. The Sinochem company is now under investigation. In an announcement on the Central Commission for Discipline Inspection Department website, the organisation said that Cai, a director, and general manager of Sinochem, is being investigated. A document
In a press release issued on Tuesday, VMI said, “Over the past years, VMI has successfully started several IP infringement cases in China. Recently, new incidents of blatant infringement against VMI’s model protection and patents came to our attention. VMI has commenced further enforcement actions and will take all steps necessary to make these offenders
In a test inspection of nine agricultural tires, all of them were found tobe compliant with the relevant specification: GB / T 1192-2008 Agricultural tires. The tires complied with the following attributes: hardness (Shore A), tensile strength, elongation at break, Ply adhesion strength (buffer ply), the amount of wear (Akron abrasion test), Ply adhesion strength
China Tire dealer has passed on New year Greetings from the following (among others): Liang Jun (梁首军) Head of Michelin’s truck tire business in China Ge Guorong (葛国荣) Deputy General Manager ZC RubberCorporation Dr. Cao Kechang (曹克昌博士), Senior Vice-President at Cooper Tire Wang Feng, (王锋) Chairman of Aeolus Tyre & Party Secretary Hirofumi Hamada (滨田裕史),
Rumours are flying in Shandong, ahead of the Spring Break. Two key rumours suggest more factory closures. First, Jia Cheng Rubber Industry Co., Ltd. (佳程橡胶工业有限公司) is reportedly facing bankruptcy. The company, also known as Cascen rubber makes tires and tubes for two-wheelers and employs more than 500 at its factory in Zaozhuang City. The boss
You have probably read about Goodyear’s two main concept tires shown at the Geneva motor show (See images above). They generated a massive amount of publicity in the automotive and general press and on websites around the world. I think this demonstrates – despite widespread opposition to the idea – that many people in the
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