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
A magazine aimed at tuning and modification enthusiasts held a tire test in November 2015. Tagged as the Golden Wheel Award (中国金轮奖 ), the test covered handling, comfort and braking. Sumitomo’s Dunlop Enasave EC300 was named best eco-tire. Sumitomo’s Dunlop Grandtrek PT3 was named best SUV tire. Source: Car review via China Tire Dealer
Eating Yabakui in Chinese is an idiomatic way of saying one has been cheated, but cannot talk about it or seek redress. Chinese tire makers look at the US sanctions and the EU labeling laws and see these as damaging their operations, but there is no way to argue against them, or fight back. Zhang
Qilu Petrochemical, part of the Sinopec group, reportedly produced 325,500 tonnes of synhetic rubber in 2015. Its output of butadiene rubber hit a record 72,300 tonnes following a capacity expansion. Source: Qinrex
China Tire Dealer visited a tire factory and found it dirty, smelly and hot. The work was hard, unrelenting and badly paid. The review of the unidentified factory said that the workers typically stay at their posts for nine hours a day with no rest. Although the company often provides dormitories, the worker simply switch
Despite a down-turn in the domestic business, Zhejiang Haili New Materials Co., Ltd. said it had a successful year thanks to increased sales of tire cord to international companies. The company makes polyester for tire cords and other applications. Source: Stock market disclosure
Dongying City is setting up a committee to promote tire exports from companies based in Dongying and Guangrao County. The aim is to share technology and marketing advice to help local tire makers overcome trade barriers imposed by other countries. The committee seeks to reduce counterfeiting and provide technical and marketing information to local companies
Sentury Tire (Previously Qingdao Sentury and the Sentaida group) is seeking a site in the United States to build a car tire factory. The company has engaged former Nokian executive Rami Helminen to manage the project. Helminen was previously vice-president for car tires in Nokian and now has the position of Executive V-P at Sentury.
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