INDUSTRY NEWS
  • Hankook introduces two wide-base TBR tires

     

    Hankook Tire America Corp. has added a pair of wide-base single radial truck/bus tires to its commercial tire portfolio for regional and long-haul applications.Both new productsthe AH32 all-position and e3 WiDE DL12 drive-axle radialsare built using Hankook's Smart + Technology manufacturing process and are SmartWay verified for reduced rolling resistance, according to Rob Williams, vice president of TBR sales, Hankook Tire America.The new Smart + Technology manufacturing process works t

  • Hongtai to build tire recycling plant in China

     

    China's Hongtai Holding plans to build a new scrap tire recycling plant in Hefei that is expected to have the ability to treat 300,000 metric tons of scrap tires each year. The planned 1.2 million-sq.-ft. facility will be located in Hefei's Lujiang High-tech Industrial Development Zone.The plant will use Hongtai's liquid phase pulverization technology to treat tires from Anhui and other East China provinces.Hongtai said the $154 million project will have two phases. The first will ha

  • BKT to expand manufacturing footprint in India

     

    Balkrishna Industries Ltd. (BKT) approaches business a little differently than most tire manufacturers.Instead of searching the globe for a carbon black supplier, BKT builds its own plant. We are different, Arvind Poddar, the company's chairman and co-managing director, said at the recent Specialty Equipment Market Association Show in Las Vegas.The company's recent decision to suspend plans to construct its first U.S. factory related to difficult macroeconomics and the volatile climate c

  • Goodyear seeks more than monetary return from new venture fund

     

    Goodyear is hoping for more than a traditional return on investment with its new $100 million venture capital fund, Goodyear Ventures.In fact, the company considers the investment to be part of its research and development efforts. That's probably made most apparent by the fact that Goodyear put a former chemical engineer. Erin Spring,rather than a financial person, at the helm. Spring has the master's of business administration one might expect a fund manager to have, but her past job t

  • The Profit of Daye Shares in the First Half Year Increased by 20%

     

    On July 30, Daye Shares published the semi-annual report of 2019. In the first half year, the revenue was 1.324 Billion Yuan, with a year-on-year growth of 14.14%; the net profit was 121 Million Yuan, with a year-on-year growth of 19.56%.The company stated that in the aspect of production technology innovation and talent introduction, on one hand, it always aimed at the global scientific and technological frontier and industrial transformation trend to develop different kinds of new bead wire, s

  • Chinas First Overseas Wet Process Rubber Compound Line was Put into Operation in Thailand

     

    On August 6, Chinas first overseas high-performance wet process Rubber Compound professional production line was put into operation in batch in Funuo International (Thailand) Co., Ltd.This production line possesses the features of high automation degree, continuous production and easy and safe operation, and the rubber compound produced has the advantages of easiness to be processed and stable batch quality.This project is technologically instructed by Professor Han Jingjie from Qingdao Univer

  • Zhongce Rubber will Add Capacity of 6.7 Million All-steel Tires

     

    According to the development requirements of Zhongce Rubber Group, Zhongce Rubber (Jiande) Co., Ltd. will invest RMB 3.56 Billion Yuan in Chunqiu Plant to carry out the expansion project of capacity of 6.7 million all-steel tires. After the project is put into operation at the end of 2021, the capacity of the base will reach 12 million.The expansion project will add 220 mu of land and build two new radial tire workshops. At the same time, Chunqiu Plant will be rebuilt, adjusting all OTR tire, bi

  • Maxtrek Malaysia Project Began Construction

     

    On June 15, Maxtrek Manufacturing Malaysia Co., Ltd. project broke ground in Malaysia-China Kuantan Industrial Park (MCKIP). After the project is completed, it will become the second tire project built by China in Malaysia after Jinma Rubber Co., Ltd.Maxtrek is a subsidiary of Zhaoqing Junhong Co., Ltd. The project plans to produce 6.5 million tires per year, including 6 million radial passenger and light truck tires and 500,000 radial passenger and truck tires.The factory will adopt industrial

  • CRIA Held 6 •15 Green Tire Safety Week Healthy Run Event

     

    it was quite bustling on the south square of Olympic Forest Park South Park. More than 1,000 runners gathered here to compete for the 2019 China Green Tire Safety Week Healthy Run 10km public benefit event organized by the China Rubber Industry Association (CRIA)!The theme of this years 6•15 China Green Tire Safety Week event is China Tire, Leading the World. It aims to spread the public benefit concept of green, low-carbon, safe and environmental protection to the public thr

  • Qingdao Blackcat Cooperated to Construct Academician Workstation

     

    On June 19, Qingdao Blackcat Company officially signed a contract with Jian Xigao, an academician of the Chinese Academy of Engineering, to establish the first academician workstation in carbon black industry.The two parties agreed that in the next few years, depend on the academician workstation, Qingdao Blackcat will rely on RD strength to bring in and go global, strive to build a world-class RD team in the next three years, and build national-level green intelligent manufacturing demonstr

  • Dawn Successfully Trial-produced HNBR

     

    On June 18, Shandong Dawn Polymer Material Co., Ltd. announced that its 3,000 ton/year specialty HNBR (hydrogenated butadiene-acrylonitrile rubber) device had successfully started up and produced qualified products,and afterwards, the company would actively verify products, develop new products and exploit markets with customers. The project is under the responsibility of the wholly-ownedsubsidiary Shandong Dawn Specialty Elastomer Co., Ltd., with an investment of RMB 110 Million Yuan.Dawn is a

  • Kemai was Awarded Title of Qualified Green Supplier of Linglong Tire

     

    Recently, Linglong Tire held the 2018 Green Supply Chain project summing-up meeting, and Kemai Chemical Co., Ltd. was awarded the title of qualified green supplier of Green Supply Chain.In 2018, Green Supply Chain project of SAIC-GM and Linglong Tire was officially launched. Linglong Tire established a green supply chain mechanism with its own characteristics to carry out energy conservation and emission reduction control, and to start the promotion of green concepts for raw material and

  • Report: Chinese Aftermarket to Grow by 7.5% Per Year

     

    The Chinese aftermarket is forecasted to grow 7.5% per year through 2030, according to areport by McKinsey.According to the report, the rest of Asia will be the second-fastest-growing market with a growth rate of 6.1%. The North American market is forecasted to grow at a rate of 1.7% per year and followed by Europe at 1.5%.TheChina International Tire Expo(CITEXPO) reported that the number of passenger vehicles in operation (VIO) in China will grow from 185 million to 401.7 million from 2017 to 2

  • US Companies May Submit Requests to be Excluded from Chinas List 3 Tariffs

     

    TheU.S. Trade Representative(USTR) will accept exclusion requests for the List 3 China Tariffs List for products imported from China, beginning June 30 and ending Sept. 30, 2019. Any exclusions granted will be retroactive to Sept. 24, 2018, when the duties were first put in place. The exclusion will last for a period of one year after it has been granted.The List 3 group of Chinese imports covers nearly $200 billion worth of products, including many auto parts, from engines and metal fasteners t

  • A 500 Million Yuan Project of Chengnan Rubber and Plastic Started

     

    On February 26, the rubber and plastic products production project of Beijing Chengnan Rubber and Plastic Technology Research Institute with a total investment of RMB 516.80 Million Yuan started construction in Caofeidian New Industrial Park.Covering an area of 100 mu, this project is successfully bid by Chengnan Rubber Plastic through the use right bidding, auction and listing procedures for the state-owned land, with RMB 13 Million Yuan successfully. Caofeidian base will mainly build mixing w

  • The 100,000-ton Steel Cord Project of Shougang Concord Century Started in the First Half of the Year

     

    On April 12, Shougang Concord Century Holdings Limited and relevant departments of Tengzhou Municipal Government reached a preliminary consensus and signed a memorandum of understanding that Shougang Concord Century would invest to build a steel cord production line with the annual output of 100,000 tons in the first half of this year, including building a yellow wire (semi-finished or products in process of steel cord) production line with the annual output of 20,000 tons.The Eastern Steel Cord

  • USTR Releases New Tariff List on Imports from China

     

    The Office of the U.S. Trade Representative (USTR) released a proposedfourth Section 301 tariff liston approximately $300 billion worth of importsfrom China that may be subject to additional tariffs.The notice includes 3,805 product categories that could be subject to an additional tariff of up to 25% ad valorem. This list covers essentially all imports from China that are not currently covered on aprevious Section 301 list,according to the Auto Care Association.The fourth list is the latest to

  • China Will Raise Tariffs on $60B of U.S. Goods June 1

     

    China plans to raise tariffs on $60 billion of U.S. goods as retaliation to the U.S. decision to hike tariffs on Chinese goods, the Chinese Finance Ministry announced May 13.Beijing will increase tariffs on more than 5,000 products to as high as 25%, and duties on other goods will increase to 20%.According to CNBC.com, the Chinese Finance Ministrys retaliation announcementshot down major U.S. stock indexesmore than 2% May 13.The U.S. announced May 8that it would raise tariffs on $200 billion w

  • Doublestar acquires Hengyu Technology for US$130m

     

    Doublestar is to acquire Hengyu Technology for 899 million yuan (US$130m). As part of the purchase, the company plans to upgrade Hengyu Technologys production equipment and streamline processes.Guangrao County, where Hengyu Technology is based, is famously the tire capital of China. However, with the structural overcapacity, export and environmental protection issues becoming more and more prominent in recent years, companies with big developments of large-scale, low-end production capacity ha

  • Strategic Cooperation between MESNAC and Hainan Rubber Group

     

    On February 24, MESNAC and China Hainan Rubber Industry Group Co., Ltd. officially signed a Strategic Cooperation Agreement. The two parties will give full play to their own advantages and cooperate in fields like research development, manufacturing upgrading, industrial fund investment, etc., with a view to promoting the optimization and upgrading of the whole rubber industry.According to the agreement content, cooperation directions of the two enterprises include military-civilianintegration,

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