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.
In a long interview with a local paper, the Chairman of Double Coin, Chu Zheng-yu (储征宇), outlines his approach to business and how that is balanced against his responsibilities as Communist Party Secretary. After a meeting with a senior Michelin executive, Mr Chu did not get a follow-up call, and learned that the Michelin exec
South China Rubber (Wanli) is to move its Panyu factory. The existing factory will cease production of car tires by 30 June 2016. Production of car tires will begin at the new factory from 1 April 2016, ramping up to full production by 31 December 2016. The move is the latest in a series of
A 16 December meeting of the Stock market regulators decided to suspend a similar IPO application from Linglong until mid-January.
Former Alliance President, Manny Cicero is saying he is now CEO at Triangle Tire’s US subsidiary. Cicero is a true industry veteran, having set up Bridgestone’s OTR tire business in the 2000s period, then taken over as CEO of Denman Tire Corp and most recently as President of Alliance Tire Americas Inc. According to industry
China’s stock market regulator has approved the application for an IPO submitted by Triangle Tire. The Chinese-language preliminary prospectus was issued in June 2015 and is available for public download (see link below). The preliminary prospectus is essentially a re-hash of the document published in mid 2014, adding little new information to that document. It
Jack Zhou, a tire salesman at Shandong Corea Tyre Co. Ltd, a mid-sized tire maker based in Dongying City, has published a series of articles outlining the Chinese tire industry. The articles on LinkedIn are titled: Where is the future for Chinese tire factories–in the eye of a sales rep Tips to tell the product
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