This week, I want to alert you to something from under the radar: there are big changes going on in the retread sector around the world. It’s hard to get numbers on this, but I’m increasingly getting involved in conversations about the impact of imports of low-priced truck tires from China on the global retread
Downward. Natural rubber (NR) is in mid- to long-term structural over-capacity right now, and the situation is made worse by the short- to mid-term turmoil in China’s tire industry. I’m not saying anything new here. The trade has been awash with speculation about how far down the price of rubber can go for the last
A perfect storm of negative conditions is driving huge changes in China’s tire industry, causing a meltdown in profitability and output among Chinese tire makers. Desperate Chinese tire makers are driving sharp price falls in almost every tire market and simultaneously forcing down prices of raw materials, notably natural and synthetic rubber. In dollar terms,
In the previous article, I addressed how the international tire makers’ profitability in China might be threatened by greater availability of consumer data on tires. This article looks at the situation of China’s tire makers and how that might change in the coming decade or so. Falling prices China’s tire industry is probably the most
DHL has agreed to a three year contract to manage Hankook Tyres’ UK warehousing operations. The company has taken over responsibility for the receipt, check and stock replenishment for Hankook’s facilities in Daventry, Northamptonshire. Hankook’s market share in the UK has increased over the past few years, leading the company to alter its supply chain management. The
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