Germany’s days as an industrial superpower are coming to an end, opined Bloomberg on 10 February. The media firm blames competition from the USA, the energy crisis and declining Chinese interest in German products for this development, but there are further factors to consider. Michelin, which plans to close several plants within the country, suggests…
As rubber prices are poised to continue their upward trajectory, tire companies are dealing with increased production costs. Coupled with recent environmental policies leading to production suspensions and reductions, the industry faces a complicated landscape. Dealers and tire shop owners are advised to closely monitor market trends, make informed decisions, and stay attuned to possible…
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…
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…
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,…
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,…
Maersk Regains Title of Most Reliable Container Shipping Company
In a recent development, Maersk has once again appeared as the world's most reliable container shipping company, surpassing its competitors, according to the latest Global Liner Performance (GLP) report released by Sea-Intelligence. The report, which includes liner reliability data as of October 2023, indicates that Maersk…
Shandong's Response to Global Demand
In the first nine months of 2023, China exported over 460 million tyres, up by nearly 10% from 2022, signaling an increasing global demand. Shandong, the tyre production hub, plans to add over 30 million units in 2023 to meet this increase in orders.
Key Players' Strategic Moves
Youdao Tyre…
Qingdao Double Star's third-quarter report for 2023, released on October 31, revealed that the company experienced a loss of 111 million yuan from July to September, when non-recurring gains and losses were excluded. Notably, they received a government subsidy of approximately 62 million yuan during this quarter.
Over the course of the first three quarters,…
In 2023, the Ministry of Commerce, the Central Propaganda Department, and the National Development and Reform Commission collaborated with ten other government departments to organize the "2023 National Integrity Business Publicity Month" event. During this event, they unveiled a collection of 20 typical cases and 10 recommended cases, highlighting businesses that have excelled in upholding…
The Tyre Industry: An Introduction 2023
The tyre industry, like any other industry, had pretty humble beginnings. However, they paved the way for revolutionary innovations. From the inception of pneumatic tyres to the introduction of radial and patterned tyres, each milestone reshaped the automotive landscape at a holistic level. Let’s take a quick journey through…
Environmental sustainability is the new watchword in a world full of harmful emissions and global warming. Gone are the days when manufacturers worldwide used to create goods without taking care of the environment. Chinese tyre makers are well aware of the dire need for environmental stability and have molded their manufacturing operations accordingly. Some of…
