By David Shaw On 12 November, Triangle Tire issued a Chinese-language stock market announcement announcing plans for two tire factories at an unspecified location in North Carolina, United States. These will be Triangle’s first non-Chinese manufacturing operations. In the first phase, Triangle plans to build a factory for 5mn units/year of high-performance PCR and SUV
Let me first say that I don’t like discussing politics in public. I think that in general, business tries to do its best, irrespective of the interference of politicians, many of whom are only in post for a few years and cannot take a long term view. And even more of whom have little idea
On June 13th, Shandong Linglong Tires Ltd announced a preliminary notice of its initial public offering (share offering) on a Chinese stock exchange. The issuer’s stock is shortened as “Linglong tire”, stock code “601966”on the Shanghai Stock exchange. The company aims to issue 200m shares at RMB12.98 (USD1.97) each, raising a maximum of almost USD400m.
In the evening (US time) of 29 January, the US International Trade Commission (ITC) formally announced its decision to investigate allegations of dumping of China-made truck tires and a separate allegation of unfair subsidies. These could result in anti-dumping duties and countervailing duties respectively. Late last night in the US, the ITC posted a timetable
Tire Tech opens in three weeks time at its new venue in Hanover. Many of you know that I was closely involved in developing the conference programme for 2016. In this column I discuss some of the highlights of the conference, and how tire professionals can benefit. First, I want to thank the team at
Apollo Tyres has re-set its course in the wake of the collapse of the Cooper deal. The primary ambition remains getting into the top-10 global tire makers, but the tactics of how to get there have changed. TIRes head of research, David Shaw spoke to Apollo CEO, Neeraj Kanwar at the Geneva Auto Salon earlier
“Ceat Ltd” says has updated its plans to build a tire factory in Bangladesh. The business will now be a joint venture with a local company. The factory will make cross-ply (bias-ply) tyres for trucks, light trucks and 2- and 3-wheel vehicles. Most of the output will be used in Bangladesh. About 20 percent will