Linglong Tire Planned to Raise 2 Billion Yuan in Jingmen Base

On February 17, the Board of Directors of Shandong Linglong Tire Co., Ltd. adopted the plan of public offing, by which Linglong would issue additional 100 million A shares to raise 2 Billion Yuan for the project construction and supplementary liquidity of Jingmen tire base. Of these funds, 1.4 Billion Yuan is used for the phased construction target of Ji

Source: China Rubber Journal

2020/04/13

Zhongce Thailand Launched Third-phase All-steel Tire Project

The opening and groundbreaking ceremony for three major building projects of Zhongce Thailand’s third-phase all-steel tire factory was held on February 12. With Zhongce Rubber Group accelerating its global strategy layout, Zhongce Rubber Thailand Co., Ltd., serving as Zhongce’s first overseas production base, has got total investment of 1 Billion

Source: China Rubber Journal

2020/04/13

Jianxin Reduced 1/3 of Investment on Tire Project

Recently, the tire project of Jianxin Tire Co., Ltd. was under environmental assessment. Due to the limitation on plant area, the product program of this tire project has been adjusted and the investment has been also reduced by 1/3 correspondingly. The new construction scheme of the project is that the first-phase project, an annual output of 1.5 million in

Source: China Rubber Journal

2020/04/13

Blackcat Carbon Black Saw First Loss in Recent 20 Years

In 2019, Jiangxi Blackcat Carbon Black Inc., Ltd. saw first loss in 20 years since its foundation, according to the review meeting convened by this company on January 8. According to reports, Blcakcat failed to reach its core profit target in 2019 was not only due to the macro cause of market, but also the internal problems of the company. Wang Yao, the c

Source: China Rubber Journal

2020/04/13

Saixiang Technology and Guizhou Tire Signed a Big Order for Domestic and Foreign Projects

Tianjin Saixiang Technology Co., Ltd. released an announcement on an important contract on December 31, 2019, showing that it signed an equipment purchasing contract with Guizhou Tire and Qianjin Tire (Vietnam) Co., Ltd. According to the contract, Guizhou Tire and its Vietnam Company purchased one-stage all-steel radial truck tire forming machines from

Source: China Rubber Journal

2020/04/13

Three-V’s Profits Expected to Increase by 168.55%~217.38%

Zhejiang Sanwei Rubber Item Co., Ltd. (Three-V) announced the 2019 Expected Performance Grow on January 11, which showed that the company was expected to achieve 220 Million ~ 260 Million Yuan of net profit attributable to shareholders, a year-on-year (same below) growth of 168.55% ~ 217.38%. According to Three-V, its performance growth is attributed to purc

Source: China Rubber Journal

2020/04/13

Jiangyin Haida Started Rubber Compound and Other Two New Projects

Jiangyin Haida Rubber and Plastic Co., Ltd. decided to start three new projects including rubber compound mixing, according to relate media reports at the beginning of January. The project of rubber compound mixing with an annual output of 21 thousand tons will build a new plant of 5,832 m2, of which 1,458 m2 is of its own land, and add 35 sets of new pro

Source: China Rubber Journal

2020/04/13

Top 10 News in 2019 - No. 1. Rubber industry achieved brilliant development achievements during 70 years

2019 is the 70th anniversary of the People’s Republic of China. Over 70 years, China’s rubber industry insisted on technological progress and innovative development to achieve earthshaking change. It built the complete industrial system in planned economy period, realized technological progress, product update and ultra-convention development to

Source: China Rubber Journal

2020/02/25

Top 10 News in 2019 - No. 2. Scientific research innovation and green development made great achievements

Innovative and green development attracts more and more attention from the rubber enterprises, the scientific and technological input is increased constantly, new product development and testing methods become perfected and scientific research development developed from following imitation to joint independent innovation. In 2019, seven results achieved by t

Source: China Rubber Journal

2020/02/25

Top 10 News in 2019 - No. 3. Insist on being driven by standard to realize transformation and upgrading

China Rubber Industry Association always insists on being oriented by market demand, centers on the main line of industrial structure adjustment and green development and actively promotes the compiling and publication implementation work of the association group standards. In 2019, it published 9 standards including Emission Standard for Air Pollutants of S

Source: China Rubber Journal

2020/02/25

Top 10 News in 2019 - No. 4. The situation of international trade friction was severe

In 2019, the international trade environment faced by China’s rubber industry was severe, firstly, the trade war between China and America was unstable, the list of trade sanctions of the U.S. against China almost covered all rubber products. Secondly, the situation of international trade friction was severe. On February 15, the U.S. officially levied

Source: China Rubber Journal

2020/02/25

Top 10 News in 2019 - No. 5. The enthusiasm of rubber enterprises for building factories overseas was not diminished

Affected by overseas trade friction, for the need of the international strategic layout of rubber enterprises, the enthusiasm of China’s rubber enterprises for building factories overseas was not diminished in 2019. In Southeast Asia, Prinx Chengshan invested 170 Million Yuan to build a new factory in Thailand as per the standard of green intelligent t

Source: China Rubber Journal

2020/02/25

Top 10 News in 2019 - No. 6. Digitization and networking enabled high-quality development

Along with the development of “cloud computing, big data, Internet of Things, Mobile Internet and artificial intelligence”, more and more rubber enterprises actively “increase the intelligence with the could” to march toward high-end products and industrial chain. ZC Rubber utilized the Internet tools such as big data, cloud comp

Source: China Rubber Journal

2020/02/25

Top 10 News in 2019 - No. 7. Acquisition and merger raged like a storm

In 2019, the most eye-catching equity transaction was eight enterprises such as Great Star, Hangcha Group and Red Avenue New Materials made contribution to purchase the shares held by the shareholders of ZC Rubber Group, and acquired a total of 57.11% equity of ZC Rubber. At the end of September, Hangcha Group and Great Star published announcement at the sam

Source: China Rubber Journal

2020/02/25

Top 10 News in 2019 - No. 8. A batch of intelligent projects were commenced and completed

In 2019, a batch of intelligent projects were commenced and completed in rubber industry. In March, Doublestar Group established the first “Industry 4.0” Intelligent Factory in Green Ecological Recycling of Waste Rubber in the world. In June, the First Phase Project of Intelligent Production and Management Execution System (MES) of Sennics was su

Source: China Rubber Journal

2020/02/25

Top 10 News in 2019 - No. 9. The situation of polarization of rubber enterprises was intensified

Affected by the factors such as Sino-American trade war, slide in automobile output and sales, increasingly severe national environmental protection policy, rise in cost and economic structural adjustment, the development of rubber industry encountered unprecedented challenges, and the phenomenon of enterprise polarization was intensified and the situat

Source: China Rubber Journal

2020/02/25

Top 10 News in 2019 - No. 10. Raw material market had large fluctuation

In 2019, the natural rubber market condition was always shocking, the price went upward and downward for several times, in which the highest price was 12290 Yuan/ton on December 6 while the lowest price was 10260 Yuan/ton on August 2, and the largest vibration amplitude of the year was 19.79%. Since the rubber price was always low, the market risk was enlarg

Source: China Rubber Journal

2020/02/25

The Fourth Generation of Hydraulic Curing Press of SINOARP Being Released, with “Jing Jian Jie Yue” Performance

On September 20, 2019, the fourth generation of hydraulic curing press of SINOARP Tires Equipment Technology (Suzhou) Co., Ltd. was honored to be launched in Yancheng coastal factory. Businessmen and equipment technicians from Michelin Group, Hankook Tire, Kunshan Kenda, Yanchang Petroleum Rubber and other tire customers altogether witnessed the unvei

Source: China Rubber Journal

2020/02/24

How Many Tires Are Labeled in China?

◎ Yang Honghui On December 18, 2019, at the 38th CRIA Secretary-Generals’ Meeting, it was learned that as of the end of October, CRIA had issued 207 tire labels. CRIA has been actively promoting the implementation process of China’s tire labeling system so as to promote the industrialization of China’s green tires, accelerate the ti

Source: China Rubber Journal

2020/02/24

DOUBLE COIN TIRES/CMA ADDS TWO NEW WAREHOUSES ON WEST COAST

Double Coin and CMA added two new warehouses located in Rancho Cucamonga and Riverside, California. With these two warehouses, the company’s total west coast square footage is approximately 338,000 square feet, the company says. The two warehouses added 225,000 units to Double Coin’s capacity. The total inventory is estimated at 90% for (

Source: Tire Review

2020/02/24