INDUSTRY NEWS
  • Jiangxi Blackcat Signs a New Contract, Setting Foot in Coking Industry

     

    On February 19, Jiangxi Blackcat Carbon Black Inc., Ltd. signed a strategic cooperation agreement with Chinas major coking enterprise, China Xuyang Group Co., Ltd.According to the agreement content, the two parties will continue to carry out more in-depth cooperation in supply and demand business of tar and anthracene oil that are necessary for carbon black production. In addition, the existing industrial naphthalene products of Blackcat Carbon Black can be used by Xuyang Group. For this end,

  • TOP NR PRODUCERS TO CUT RUBBER EXPORTS BY 240,000 TONNES

     

    The International Tripartite Rubber Council (ITRC), comprising Thailand, Indonesia, and Malaysia, announced plans to reduce rubber exports by 240,000 tonnes for a period of four months beginning April 1, 2019 to boost the price of the commodity.The decision to this effect was taken at a meeting of the council held in Bangkok on March 4-5 to finalise the implementation details of the Sixth Agreed Export Tonnage Scheme (AETS).The cut in rubber exports is expected to check further fall in NR prices

  • Construction of Nokian is on schedule to begin producing tires commercially by early 2020

     

    Eighteen months afteron its first North American tire facility, Nokian Tyres P.L.C. is on schedule to begin producing tires commercially by early 2020.The Finnish tire maker said the hiring process is under way, with 200 of the facility's 400 employees expected to be working by year-end. Peter Chia, Dayton factory operations director, cited the tremendous collaboration among several involved parties for keeping the project on schedule. When we were recruiting this project, our goal was to st

  • Mesnac, Hainan Rubber form strategic partnership

     

    QINGDAO, ShandongChinese machinery maker Mesnac and natural rubber supplier Hainan Rubber have entered a three-year strategic partnership.The two parties will join forces in the research and development of rubber materials and products as well as smart manufacturing, according to a Mesnac statement. The companies also plan to set up an industrial fund to invest in related areas.Under the partnership, Mesnac and Hainan Rubber will establish a national laboratory for natural and synthetic rubber

  • ZC Rubber to introduce new Westlake TBR, Z series PCR tyres

     

    ZC Rubber has announced that it will introduce a series of new commercial and consumer tyres in 2019. Covering European TBR and PCR tyre markets, the new products have been designed to meet local customer demands, the manufacturer states.Marked M+S, the newly introduced second generation of Westlake tyres is designed for fitment on trucks and buses driving on icy and snowy winter roads, ZC Rubber states. The tyres represent an upgrade of the first generation Westlake commercial tyres, adding lat

  • Dept. of Commerce Issues Countervailing and Antidumping Duty Orders

     

    The two orders issued by the Department of Commerce will likely be published in the Federal Register early next week and deposits for these duties will begin to be collected from Chinese truck and bus tire manufacturers by the end of next week, according to the Tire Retread and Information Bureau (TRIB).The countervailing duties are set at three rates: 20.98%, 42.16% and 63.34%, depending on the manufacturer.The estimated weighted average antidumping rates are set at either 9% or 22.57%, dependi

  • Brenntag acquires Reeder's lubricants division, named Wanhua distributor

     

    Brenntag, a chemical distributor, signed an agreement to acquire the lubricants division of Reeder Distributors Inc., a regional, integrated lubricant distributor in Fort Worth.Reeder's lubricants division generates sales of about $60 million each year.Brenntag did not disclose details of the deal, but noted that Reeder's fuel and equipment divisions are not part of the acquisition. The transaction is subject to conditions and is expected to close in the first quarter of 2019.Geographica

  • Conti, Double Coin truck tires score well in fuel-economy test

     

    Truck tires manufactured by Continental A.G. and Double Coin Holdings Ltd. ranked first and second in fuel-efficiency tests conducted by a Canadian non-profit that conducts research and technology transfer for the Canadian forest industry.The tests were conducted recently by PIT Group, a third-party research organization that is a division of FPInnovations, the Canadian-non-profit.Tires manufactured by Group Michelin came in third.PIT Group ran two comparison tests on steer, drive and trailer ti

  • GITI to relocate Hefei tire plant by 2021

     

    Giti Tire Group is planning to relocate its passenger and truck tire plant in Hefei, Anhui Province, in alignment with a greener Yangtze River economic belt initiative.The Hefei plant, opened by Singapore-headquartered Giti in 1993, produces car, light truck and medium truck tires. Capacity is listed as 23 million units annually.According to a notice dated Dec. 29 on the provincial government's website, Giti is pushing forward the relocation plan to improve its environmental impact.Earlier,

  • Several tire companies raise price in 2019

     

    On January 6, some tire companies announced that they would lifted their tire prices. These tire companies included Bridgestone Tire, Michelint Tire, Chengshin Tire, Yokohama Tire etc..Statistics showed that all these tire brands were both raising their tire prices 3% since January 1.Besides, Continental Tire China announced to rise ex-plant price from February.The company said with raw material price rising, tire manufacture cost was pushed up, which forced the company to raise price up.A tire

  • Trading center for Hainan international tropical agricultural products inaugurated in Haikou

     

    The trading center for Hainan international tropical agricultural products was inaugurated in Haikou, capital of south China's Hainan Province on December 18, 2018.On the same day, the Xinhua-HSF natural rubber series price indexes were released, consisting of concentrated latex price index, standard rubber (TSR20) price index, mixed rubber (20#) price index, and field latex price index.The series of indexes, compiled jointly by China Economic Information Service (CEIS) of Xinhua News Agency

  • Interview: Pirelli CEO sees CIIE as "great opportunity" for world trade

     

    The first China International Import Expo (CIIE) will be a great opportunity for global trade, the Pirelli CEO has said.The CIIE is going to be held on Nov. 5-10 in China's metropolis of Shanghai to show China's firm support for international trade liberalisation.I think (the CIIE) is a great opportunity to show the players in the global economic environment the opening of China to world trade, and it is also a contribution to the growth of the global market, said Marco Tronchetti Prover

  • Yiyang to supply 12 internal mixers to Chinese tire maker

     

    ChemChina-owned Yiyang Rubber Plastics Machinery has signed an order for 12 internal mixers with an unnamed major tire company in China.The equipment will be used to upgrade a new tire production line for the Shandong province-based customer, ChemChina said in a statement.Marking Yiyan's largest single order for internal mixers, the equipment includes GN-300 and GK-400N mixers. The units are said to offer high output and low energy-consumption.The company said its optimised mixers have 5 pe

  • Auto sales fall as second-half slowdown takes root

     

    Major auto makers, with the exception of Fiat Chrysler, posted lower U.S. sales last month behind the ongoing slump in the car market and softer retail demand, even amid elevated incentive levels, signaling an anticipated second-half slowdown continued in September.A year ago, industry sales also were boosted by vehicle-replacement demand following Hurricane Harvey.With every auto maker except for Audi reporting, U.S. light-vehicle deliveries last month fell 5.6 percent, slightly better than ana

  • Alibaba given go-ahead to road test autonomous cars in Hangzhou

     

    At the 2018 Computing Conference, Chinese tech giant Alibaba Group attained Hangzhou's first license for autonomous vehicle road test, which was the group's latest move in autonomous vehicle RD following the unveiling of its self-driving car and the vehicle infrastructure cooperative strategy.The road tests will reportedly be operated at China (Hangzhou) Artificial Intelligence Town, while Alibaba has not revealed when the tests will start. Up until now, China's three Internet giants

  • Fengyuan Tire continues in red

     

    South Koreas second largest tire maker Kumho Tire Co. now under Chinas Doublestar Tyre claimed it was on track in normalizing manufacturing and sales network and reversing to a profit possibly from the fourth quarter.The money is in and management back to normal, said Chai Yongsen, Doublestar Tyre chairman in a ceremony marking a new beginning for the company.He reiterated that Kumho will maintain its autonomy and identity.The Qingdao-based tire maker in July fully paid 646.3 billion won

  • ContiTech opens 3D blow molding plant in China

     

    ContiTech A.G. has expanded its footprint in China with the opening of an $11.7 million plant that is mainly dedicated to the production of 3D blow molded hoses used in high-performance turbochargers for auto makers.The facility in Changshu is ContiTech's fourth globally to feature 3D blow mold technology, and it expands the firm's products and solutions portfolio with the Chinese automotive industry. Mass production should begin by the end of the 2018 third quarter.The investment into t

  • Linglong Tire hands with ATD for 15 years

     

    On August 10, Linglong Tire, ATD, and Qingdao Zhilian jointly held the anniversity in Shanghai to celebrate the fiftteen years' cooperation among the three parties.ATD owns more than 140 distribution centers, over 1400 delivery vans with annual sales up to more than $5 billion, and it is American largest tire distributor.During the meeting, the CEOs of three companies exchanged their opinions on current China-US trade war and international situation. CEO of ATD, Mr. Stuart Schuette introduce

  • Guizhou Tyre promotes agriculture radial tyre in Heilongjiang Province

     

    Recently, Guizhou Tyre held a agriculture radial tyre promotion meeting in Heilongjiang Province.The meeting also invitedChinese Academy of Agricultural Mechanization Sciences, Shijiazhuang ZTE Machinery Manufacturing Co., Ltd.,and some other famouse agricuture machinery comoabies to take part in the meeting.On the meeting, Guizhou Tyre introduced Qianjing Agriculture radial tyre's feature and function, and discussed problems and new demand in current agricuture tyres with all the participat

  • NOKIAN TYRES WORLD ORIENTEERING CHAMPIONSHIPS IN LATVIA ON AUGUST 4C11

     

    Nokian Tyres World Orienteering Championships will be held in Riga and Sigulda in Latvia on August 4C11, 2018. Nokian Tyres is sponsoring the world championships of this challenging and rewarding sport for the third time. During the championships week, orienteers from nearly 50 countries compete in five events: sprint, sprint relay, middle distance, long distance and relay.The partnership between Nokian Tyres and the International Orienteering Federation (IOF) started already in 2016. Last year

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