On 29 December Aeolus chairman Wang Feng outlined to company staff the three principles of democratic life endorsed by the Communist Party. Be serious (严) to oneself Use the Authority (权) seriously (严) Exercise self-discipline These principles have been promoted by Party Chairman Xi Jinping, as part of his anti-corruption drive. Wang said the tire
In the third major share placement announced in the last week, Sailun and Jinyu are preparing a private placement of shares worth up to RMB1500m (USD228m). The cash will be used to fund an overseas capacity building programme. A series of stock exchange announcements on Tuesday 12 Jan revealed the project, approved by the board
Shandong Linglong held its annual review in front of almost 300 employees on 9 January. The meeting was addressed by Linglong chairman Wang Feng (王锋), deputy general manager Wang Xianqing (王显庆) and others. Source (Chinese language)
China’s Securities Regulation Commission has approved Shandong Linglong Tyre Co.’s application for an initial public share offering (IPO). The Commission originally looked at the application in December and decided to delay the decision until 13 Jan. Linglong plans to issue not more than 200m shares. Linglong’s draft prospectus said the proceeds will be used to
Bridgestone’s European Driveguard was launched today in France. It was marketed as a ‘Game Changer’ within the tire business. At first glance, the product is just another runflat tire, launched 2 years behind its US namesake. But there is a story behind the development, which marks a change of game not necessarily for the tire
Many cultures regard this period as the end of one year and the beginning of the next. I’m using that as an excuse to adopt a slightly more frivolous approach to this column. With no more pre-amble, let me look back at 2015 and make some predictions for 2016. The themes of 2015 were pretty
I was lucky enough to be interviewed by Prasanth Warrier of Rubber Machinery World last week in his Know a Rubber Leader series. The interview is in full on his website, but I thought I’d re-print two of the ten questions he asked me here, as a bit of a teaser for his full article.
After three or four years of struggling with image problems, Pirelli has found a way to produce a calendar which celebrates women without objectifying them. Three years ago I wrote a blog congratulating Pirelli on its decision to reduce the number of naked images in its 2013 calendar. At the time I wrote, “It is
Here in Guatemala, the fantastic Rubber days meeting has just finished. Measured by volumes, Guatemala is barely even on the map of Natural Rubber (NR) producing nations. But measured by creativity and energy it is up there among the leaders. Guatemala has the first (and I think only) FSC-accredited rubber plantation anywhere in the world.
China’s tire industry is in melt-down. The question now is, how long can the current situation last? I’ve just come back from Shandong Province and the mood is not good. When things are not going well, Chinese people will rarely tell you the real situation. When they tell you things are bad, you know the
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