In 2015, affected by factors such as decelerated domestic economic growth, weak foreign economic recovery, “Double Anti” of the U.S. on Chinese tire, excess capacity, poor envi- ronmental protection and self management, financial strain, etc., multiple tire enterprises shut down. According to the investiga- tion of China Rubber Industry Association Tire Branch, there were 13 enterprises stopping production, going into liquidation and stopping projects due to problems in fund, environmental protection, land, etc. The tire industry had low rate of operation in general, with an average of below 70%. Affected by this, the order of rubber machinery enterprises dropped down sharply, the tire enterprises delayed the delivery and even suspended the pro- jects, which resulted in operational difficulty of rubber machinery enterprises.
Top 10 News on China Rubber Industry 2015 - No. 9: Weak in Growth, Multiple Tire Enterprises Shut Down
Date:2016/10/26 Author: - From: China Rubber Web