Further to last week’s report of the private share placement by Sailun, some more information has come to light. Sailun’s net profit is expected to grow, according to an un-named stock analyst: Year profit (RMB) earnings/share 2015 206m 0.2 2016 304m 0.29 2017 441 0.42 In the first nine months of 2015 Sailun’s Vietnam operation
Researchers at Sci99 have carried out a survey asking tire makers and exporters about their expectations for the future. First, the tire manufacturers responded thus: In car tires, how has the devaluation of the Chinese currency affected exports? This is not the most important factor: 60% Quite a lot: 30% Not much at all: 10%
One of the most popular sites in China for tires has published its top-10 list of web searches. They give a clue as to the thought patterns of China’s tire community. Search term Chinese No of searches Channel innovation 渠道变革 186100 Online tire supplier 轮胎电商 185670 Green Tires 绿色轮胎 176960 Overseas expansion 逆势扩张 165786 Dealer
On 14 January, Sumitomo Rubber Industries held a new tire technologies conference in the Shanghai Marriott hotel. Local journalists were told about the different brands offered by the company: Dunlop, Falken are both available in China, but the Sumitomo is not currently. Chairman and managing director of Sumitomo Rubber (China), Naoko Yamada (山田直树) discussed four
Wanli (South China Tire) exhibited at the Tokyo Motor Show for the first time in 2016. The company simultaneously updated its familiar W logo to be more metallic and with sharper edges. The company also signaled a significant move likely to be announced after Chinese New year. This represents a change in its international strategy.
Sun Hongqi (孙红旗 ), group vice-president of Shengtai group said the era of high profits in the tire business has passed. Over the last 30 years, a series of entrepreneurs have set up tire factories in Guangrao and the region has become known as China’s first tire village. Since 2015, the period of Winter has
Linglong has announced a strategic cooperation with China Hewlett Packard in the field of information technology. Linglong aims to develop an international IT system capable of managing the information flow in many countries. The data will concern R&D, procurement, sales, and management data. Linglong says the development will allow it to gain closer contact with
In the first 11 months of 2015, the EU, US and seven gulf countries accounted for 53.7 of all China’s tire exports. Since the US began imposing tariffs, exports of passenger car tires have fallen. The EU is now the biggest export destination for Chinese light tires (product code 40111000) with 28.3% (444,790 tonnes) of
Orion Engineered Carbon has completed the acquisition of all the outstanding shares of Qingdao Evonik Chemical Co., Ltd. (QECC) QECC is Orion’s former joint venture in the carbon black business, based in Qingdao, China. It has capacity for around 75,000 tonnes of tire-grade carbon black annually. QECC was set up in 1994 as a joint
A new price tracker for natural rubber has opened in Qingdao. The new service is based in Qingdao bonded port and has been commissioned by the Qingdao International Commodity Exchange Ltd. Source CCIN
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