News
US Commerce adjusts countervailing duties on tires made in China
WASHINGTON—The U.S. Department of Commerce has made a slight downward adjustment in the countervailing duty rates on passenger and light truck tires imported from China during the 2016 calendar year.
Commerce published the final results of an administrative review of those duties in the April 25 Federal Register. At that time, the agency found
Source: Rubber & Plastic News
2019/06/19
The First Chinese-funded Tire Plant Opened in Malaysia
On March 18, the Malaysian production base invested and built by Qingdao Fulin Tyre Corp., Ltd. - Golden Horse Rubber Co., Ltd., held the opening ceremony. The latter is also the first tire plant of Chinese-funded enterprise in Malaysia. The first-phase project is designed to produce 3,000,000 semi-steel tires and 500,000 all-steel tires annully.
Gol
Source: China Rubber Journal
2019/06/18
Zhejiang Sanwei Set up a New Company
On February 22, Zhejiang Sanwei Rubber Item Co., Ltd. post a message that it would jointly invest RMB 100 Million Yuan to set up Chengdu Sanwei Rail Transit Technology Co., Ltd. with a subsidiary of Chengdu Rail Transit group Co., Ltd. The main products of the new company are rubber products, concrete products, nylon plastic products, etc.
The establishme
Source: China Rubber Journal
2019/06/18
Zhongding Invested RMB 1.2 Billion Yuan in Damping Products and Fluid Pipelines
On March 18, Anhui Zhongding Sealing Parts Co., Ltd. announced that it planned to use the raised funds of RMB 800 Million Yuan to increase the capital in its wholly-owned subsidiary Anhui Zhongding Damping Rubber Technology Co., Ltd. After this capital increase, the registered capital of Zhongding Damping will increase from RMB 764 Million Yuan to RMB 1.564
Source: China Rubber Journal
2019/06/18
Meichen industrial high-end air spring project instead of outsourcing
Recently, Shandong Meichen Industry Group Co., Ltd. decided to invest about RMB 600 Million Yuan to implement the high-end damping noise-reducing composite elastomer project, in order to reduce the dependence on foreign air spring brands, significantly shorten the procurement cycle, and reduce the procurement cost.
The project of Meichen Industry adopts i
Source: China Rubber Journal
2019/06/18
The Project for Raising RMB 850 Million Yuan of Yongdong Approved
On March 19, Shanxi Yongdong Chemistry Industry Co., Ltd. issued a proclamation that its non-public issued stock application was approved by China Securities Regulatory Commission, and RMB 850 Million Yuan raised would be fully invested into the project of coal-based needle coke with the annual output of 40,000 tons and deep-processing project of absorb
Source: China Rubber Journal
2019/06/18
The 100,000-ton Steel Cord Project of Shougang Concord Century Started in the First Half of the Year
On April 12, Shougang Concord Century Holdings Limited and relevant departments of Tengzhou Municipal Government reached a preliminary consensus and signed a memorandum of understanding that Shougang Concord Century would invest to build a steel cord production line with the annual output of 100,000 tons in the first half of this year, including building a y
Source: China Rubber Journal
2019/06/18
A 500 Million Yuan Project of Chengnan Rubber and Plastic Started
On February 26, the rubber and plastic products production project of Beijing Chengnan Rubber and Plastic Technology Research Institute with a total investment of RMB 516.80 Million Yuan started construction in Caofeidian New Industrial Park.
Covering an area of 100 mu, this project is successfully bid by Chengnan Rubber & Plastic through the use
Source: China Rubber Journal
2019/06/18
Fengyuan Tire Made up the Deficits and Got Surpluses in 2018
On April 25, Shandong Fengyuan Tire Manufacturing Co., Ltd. announced its 2018 annual operating result, and its operating income increased by 20.70% during the reporting period, reversing the declining trend and turning into a profit. This company said that it planned to achieve a year-on-year growth of more than 3.73% in the production and sales of tires as
Source: China Rubber Journal
2019/06/18
Maoming Petrochemical Co., Ltd. Successfully Trial-produced a New Product of Butadiene Rubber
Since the beginning of this year, in order to enrich the product structure and enhance the corporate competitiveness, Maoming Petrochemical Co., Ltd. has been vigorously developing new products to meet the new market demand in view of the current situation of single butadiene rubber products. On April 17, the company successfully trial-produced 110 tons of B
Source: China Rubber Journal
2019/06/18
The Annual Performance of Sennics Is Stable
On April 22, Sinochem Group Co., Ltd., the parent company of Sennics Co., Ltd., released its annual report of 2018. In the annual report, it disclosed the annual business performance of Sennics and put forward its opinions on the future development trend of the additive industry. In 2018, Sennics realized consolidated revenue of RMB 2.94 Billion Yuan and con
Source: China Rubber Journal
2019/06/18
The Thai Plant of Jiangsu General Science Technology Enjoying Preferential Policies
On April 23, Jiangsu General Science Technology Co., Ltd. announced that it had recently received an official document from Thailand Board of Investment (BOI) that its subsidiary in Thailand would enjoy 100% income tax reduction and exemption within 8 years.
The Thai subsidiary of Jiangsu General Science Technology Co., Ltd. received the Promotion Certifi
Source: China Rubber Journal
2019/06/18
MESNAC Listed in Top Three Companies for Eight Consecutive Years in the World
Recently, ERJ released the sales revenue ranking list of global rubber machinery enterprises in 2018, and MESNAC Co., Ltd. ranked the third in the world, which has been listed in the top three companies in the world for eight consecutive years.
After nearly 20 years of development, this company has changed quantitatively together with a qualitative leap,
Source: China Rubber Journal
2019/06/18
Yihe Conveyor Belts Won the Bidding of a Number of Large Projects
Recently, following the successful bidding of Beijing Tiandi Science & Technology and Huaibei Mining projects, Shandong Yihe Rubber Conveyor Belts Co., Ltd. also won the bidding of Shanxi Coal Imp. & Exp. Group Co., Ltd. for the centralized procurement project of conveyor belts in 2019. Both parties have completed the signing of the procurement agree
Source: China Rubber Journal
2019/06/18
Double Arrow Achieved Double Harvests in Revenue & Profit
Recently, Zhejiang Double Arrow Rubber Co., Ltd. disclosed its operating situation in 2018, which achieved a substantial increase in both operating revenue and various profit items, whose non-net profit deduction items reached RMB 130 Million Yuan with a growth of 322%.
The total operating revenue of Double Arrow in 2018 was RMB 1.358 Billion Yuan, which
Source: China Rubber Journal
2019/06/18
The Annual Report of Xingda Steel Cord Disclosed a Number of Important Information
On March 28, Xingda International Holdings Limited released its annual report of 2018, which realized annual operating income of RMB 7.558 Billion Yuan with an increase of 9.7% compared with that of RMB 6.887 Billion Yuan in the previous year, and the net profit was RMB 372 Million Yuan, basically similar to that in the previous year, with the gross profit o
Source: China Rubber Journal
2019/06/18
General Invests RMB 30 Million Yuan into the Internet of Vehicles
On April 10, Jiangsu General Science Technology Co., Ltd. disclosed that it had signed a share subscription agreement with a local listed company of the new three board stock market, which will make it as the second largest shareholder of the company committed to the Internet of Vehicles.
The partner of Jiangsu General Science Technology Co., Ltd. is Jiangs
Source: China Rubber Journal
2019/06/18
Xingyuan Group Strengthened OTR Technical Cooperation with Yokohama
From March 24 to 31, the economic and trade delegation organized by Dongying Municipal Government went to Tokyo, Japan to carry out a series of activities such as investment promotion and business negotiation. Xingyuan Tire Group and Yokohama reached a new cooperation agreement. Both parties will carry out deeper cooperation in the OTR technology field to ac
Source: China Rubber Journal
2019/06/18
Zhongding Made an Additional Investment of RMB 700 Million Yuan in the European Subsidiary
On March 27, Anhui Zhongding Sealing Parts Co., Ltd. announced that it would increase the capital by EUR 100 Million to Zhongding Europe, its wholly owned-subsidiary, which will help it further develop the European market and expand the sales of its products in the European market.
Founded in Germany in 2008, Zhongding Europe is engaged in industrial
Source: China Rubber Journal
2019/06/18
The 3,000 Tons of HNBR Project of Dawn Trial-produced
On March 19, Shanxi Yongdong Chemistry Industry Co., Ltd. issued a proclamation that its non-public issued stock application was approved by China Securities Regulatory Commission, and RMB 850 Million Yuan raised would be fully invested into the project of coal-based needle coke with the annual output of 40,000 tons and deep-processing project of absorb
Source: China Rubber Journal
2019/06/18
