Jiangsu General Technology Expands Global Presence with Ambitious New Projects

Jiangsu General Technology Expands Global Presence with Ambitious New Projects

All, General Industry News, NewsJanuary 25, 2024745Views 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…

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

All, Market & Trade Trends, NewsJanuary 18, 2024673Views 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, 2024327Views 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, 2024295Views 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, 2024248Views 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.…

Sailun Tire Expands Global Reach with New Manufacturing Hub in Mexico

All, General Industry News, NewsDecember 21, 2023706Views 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, 2023232Views 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,…

Maersk Secures Top Spot in Global Liner Performance, Surpassing MSC

All, General Industry News, NewsDecember 11, 2023225Views 0Likes 0Comments

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 Tyre Surge: 30 million Units to Be Added In 2023

All, General Industry News, NewsDecember 6, 2023202Views 0Likes 0Comments

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…

Natural Rubber at Peak Levels Contradicts Decrease in Carbon Black Prices

All, Market & Trade Trends, NewsNovember 28, 2023235Views 0Likes 0Comments

As of November 14, 2023, the primary rubber price stood at 14,450 yuan per ton, signaling a continuing upward shift from previous days. This contrasts with the scenario in August when the basic rubber price lingered below 12,000 yuan per ton. Over the past 2-3 months, the natural rubber market has experienced a notable increase,…

Qingdao Double Star Reports Revenue Growth in First Three Quarters Despite 268 Million Yuan Loss

All, General Industry News, NewsNovember 14, 2023176Views 0Likes 0Comments

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,…

Double Star Became The Only Company In The Tire Industry To Win The Honor In The 2023 National “Business With Integrity” Event

All, General Industry News, NewsOctober 25, 2023289Views 0Likes 0Comments

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…