EU Antitrust Regulators Raid Pirelli, Continental, Michelin, and Nokian in Cartel Investigation, Prompting Share Declines

EU Antitrust Regulators Raid Pirelli, Continental, Michelin, and Nokian in Cartel Investigation, Prompting Share Declines

All, Market & Trade Trends, NewsFebruary 1, 2024500Views 0Likes 0Comments

In a major move, EU antitrust regulators conducted surprise raids on tyre industry leaders Pirelli, Continental, Michelin, and Nokian, triggering a notable decline in their shares. The European Commission, responsible for imposing competition rules in the EU, revealed the investigation without disclosing specifics in line with its usual protocol. Pirelli, maintaining its innocence, assured full…

Jiangsu General Technology Expands Global Presence with Ambitious New Projects

All, General Industry News, NewsJanuary 25, 2024479Views 0Likes 0Comments

In a recent investor exchange event, "Enter the Listed Companies," held on January 8, key figures from Jiangsu General Technology Co., Ltd., including GM Chairman Gu Cui, Deputy General Manager Gu Yahong, and others, showed the company's strategic initiatives and project updates. The second phase of the Thailand project, initiated on September 27, 2023, is…

Global Increase in Demand for Chinese PCR Tyres

All, Blog, Market & Trade TrendsJanuary 25, 2024129Views 0Likes 0Comments

Over the past few years, there's been a noticeable change in the landscape of the automotive industry, specifically when it comes to international trade dynamics. A notable trend has occurred with the remarkable increase in the popularity of Chinese tyres. Amidst the era of interconnected economies and continually changing consumer preferences, Passenger Car Radial (PCR)…

Red Sea Crisis Deepens: Global Trade Struggles Amid Increasing Regional Tensions

All, Market & Trade Trends, NewsJanuary 18, 2024443Views 0Likes 0Comments

In a concerning escalation, constant attacks by Houthi militants in the Red Sea are initiating unprecedented disruptions to global trade, rivaling the challenges faced during the pandemic. Industry experts, including Maersk's CEO, Vincent Clerc, and Amin Nasser, CEO of Aramco, have expressed fears of a prolonged effect on global shipping. The crisis has forced major…

Tyre (Tire) Industry Dynamics: Recent Price Adjustments and Market Insights

All, Market & Trade Trends, NewsJanuary 16, 2024155Views 0Likes 0Comments

Continental Tire's Strategic Adjustment in Response to Increasing Costs In a proactive move, Continental Tire of Germany has made a notice on January 5, 2024, announcing an upcoming tire price adjustment. Quoting the persistent high costs of raw materials, logistics, freight, and energy, the company predicts challenges in short-term improvements. The product purchase rates are…

Concerns Arise Over Fluctuating Natural Rubber Prices and Decreased Tyre (Tire) Factory Operations

All, Market & Trade Trends, NewsJanuary 15, 2024121Views 0Likes 0Comments

Unpredictable Drifts in Natural Rubber Prices In a recent development affecting the tyre industry, the operational load of tyre factories has faced a significant decline, clashing with fluctuations in the price of natural rubber. According to the Xinhua Index, the natural rubber price index, checked from January 2 to 8, shows an overall unstable trend,…

U.S. Begins Investigation on Chinese Tyre (Tire) Imports; Domestic Industry Adapts to Global Trade Shifts

All, Market & Trade Trends, NewsJanuary 15, 2024100Views 0Likes 0Comments

In a move to protect domestic interests, the U.S. Department of Commerce officially began the first anti-dumping and countervailing sunset review inspection into truck and bus tyres imported from China on January 2. A spokesperson from a leading tyre company, answering to the announcement, characterized it as a routine reevaluation of existing trade protection measures.…

The Crucial Role of Tyre Inflation in Fleet Management

All, Blog, Safety, Maintenance & SustainabilityJanuary 10, 2024117Views 0Likes 0Comments

The Constant Issue of Under-Inflation in Truck Tyres Tyre inflation remains a serious concern for fleet managers, despite various discussions and efforts to address the issue. Whether it's the loss of efficiency due to under- or over-inflation, premature tyre pulls, or tyre failures, the effect on fleet maintenance budgets is undeniable. The consequences of…

Dongying’s Rise as a Leading Hub for Tyre Manufacturers

All, Blog, General Industry NewsJanuary 5, 2024211Views 0Likes 0Comments

In the late 1980s, Dongying embarked on a transformative journey that would propel it from a local initiative into a global powerhouse in the tyre manufacturing industry. At the heart of this evolution was the resounding success of the "Xishui Model," a community-driven initiative that laid the foundation for Dongying's tyre manufacturing dominance. This strategic…

Everything You Need to Know About Tyre Tread: The Basics for Longevity, Safety, and Performance

All, Blog, Safety, Maintenance & SustainabilityJanuary 4, 2024261Views 0Likes 0Comments

Your vehicle's tyres go above their role as mere rubber hoops connecting your car to the road; they serve as an essential component influencing both your driving experience and safety. The complex design of tyre tread, the pattern on the surface forming direct contact with the road, significantly contributes to providing optimal performance, traction, and…

Sailun Tire Expands Global Reach with New Manufacturing Hub in Mexico

All, General Industry News, NewsDecember 21, 2023492Views 0Likes 0Comments

Sailun Tire is embarking on a pivotal journey to reinforce its global footprint with the initiation of a strategic joint venture. The company, through its wholly owned subsidiary Sailun Singapore, has entered into an important agreement with TD INTERNATIONAL HOLDING, S.A.P.I.DE C.V in Mexico. This collaboration features Sailun's commitment to establishing a cutting-edge manufacturing facility,…

Shandong Provincial Brand Building Association Announces 2023 Shandong Famous Brands

All, General Industry News, NewsDecember 15, 202396Views 0Likes 0Comments

Celebrating Excellence in Brand Recognition at the 2023 Shandong Brand Annual Conference In a prestigious event held on December 5th, the Shandong Provincial Brand Building Promotion Association revealed the "2023 Shandong Famous Brands," recognizing outstanding achievements in brand construction across the province. The conference, centered around the theme of digital intelligence empowerment and brand innovation,…