News
Cooper Tire Reports First-Quarter 2019 Income of $7M
Cooper Tire & Rubber Company has reported first-quarter 2019 net income of $7 million, or diluted earnings per share of $0.14, compared with $8 million, or $0.16 per share, last year.
First Quarter Highlights
• Net sales increased 2.9 percent to $619 million.
• Consolidated unit volume decreased by 0.7 percent compared to the fi
Source: Tire Review
2019/05/05
Triangle Tire Creates Spanish Website, Shows Construction Progress of New Plant
Triangle Tire USA has introduced a Spanish language version of its website.
In addition to product pages for each of the company’s OTR, TBR, PCR/LT and ST product offerings, the website features a timeline with photos and videos showing progress being made at the construction site for the company’s planned commercial and consumer tire
Source: Tire Review
2019/05/05
ITC sets July 9 for steel wheels hearing
WASHINGTON — July 9 is the date the International Trade Commission (ITC) has set for its final-phase hearing on possible countervailing and antidumping duties against steel trailer wheels from China.
Elkhart, Ind.-based Dextar Wheel Co., a division of American Development Inc./Kenda Rubber Industrial Co. Ltd., petitioned the ITC in August 2018 u
Source: Tire Business
2019/05/05
‘The Retread Will Become the New Tier 4’: Tariffs Create Cautious Optimism Among Retreaders
Brothers Marty (left) and Dennis Beaudette (pictured) along with their father, Dennis, opened Syracuse Retreaders in 2015. Business is growing about 20% year over year. Courtesy of Syracuse Retreaders
Retreaders are eager for the boost the new countervailing and antidumping tariffs on truck and bus tires from China are expected to generate for their i
Source: Modern Tire Dealer
2019/04/30
In 2018, China’s dependence on synthetic rubber imports climbed to 45.5%
Rubber is divided into natural rubber and synthetic rubber and is an important material. Rubber products such as tires, rubber sheet hoses, and recycled rubber are widely used in industrial, agricultural, defense, transportation, transportation, machinery manufacturing, medical and health fields, and daily life.
Rubber classificat
Source: Global Rubber Markets
2019/04/26
World natural rubber production drops in January, February
KUALA LUMPUR — World production of natural rubber totaled 2.14 million metric tons in the first two months of 2019, down 5.8 percent from January-February 2018, according to the Association of Natural Rubber Producing Countries.
The recent tropical storm in Thailand and early wintering of Hevea trees among ANRPC member countries contri
Source: Tire Business
2019/04/26
Domestic synthetic rubber production in March 2019 was 503,000 tons
According to statistics from the National Bureau of Statistics, domestic synthetic rubberproduction in March 2019 was 503,000 tons, up 2.9% year-on-year; domestic synthetic rubber production in January-March was 1.352 million tons, up 1.1% year-on-year.
Source: Global Rubber Markets
2019/04/26
Annual report of Doulbe Coin Tires reveals the process of 5.7 billion expansion projects
On April 22, Shanghai Huayi Group Co., Ltd., parent company of Double Coin Tires Group Co., Ltd., released its annual report for 2018. In the consolidated statement, Huayi Group disclosed the operation of Double Coin Tires in the past year and the latest progress of the project under construction of 5.697 billion yuan.
The total revenue of
Source: China Rubber Web
2019/04/24
General Deepened Cooperation with Bekaert Again
On January 21, Jiangsu General Technology Co., Ltd. signed with Bekaert an agreement on deepening strategic cooperation.
According to the agreement, the two enterprises will base on good cooperation, give full play to their advantages, and jointly carry out research & development of new tire framework materials, with a view to accelerating the applica
Source: China Rubber Journal
2019/04/18
Sailun Officially Launched New Project in Vietnam
On March 1, the joint venture project of Sailun Group Co., Ltd. and Cooper Tire in Vietnam (ACTR) officially started construction. The project, with a total investment of USD 280 Million and a scale of 2.4 million all-steel tires per year, will greatly strengthen the company’s production capacity, further optimize the overseas layout, and promote the e
Source: China Rubber Journal
2019/04/18
Guizhou Tyre Accelerated the Progress of Vietnamese Factory
On March 5, Guizhou Tyre Co., Ltd. announced that it will invest USD 42.9 Million to set up a new company in Vietnam to accelerate the construction of its new factory in Vietnam. Name of the new company is tentatively set as Advance Tyre (Vietnam) Company Limited.
The new company will be the subject of investment and implementation of its project with an
Source: China Rubber Journal
2019/04/18
Conveyor Belt Enterprise Invested RMB 300 Million Yuan to Build a New Production Base
On January 17, AA Industrial Belting (Shanghai) Co., Ltd. announced that it will invest RMB 300 Million Yuan to build a new production base in Nanling County, Anhui Province. It will mainly produce toothed belts and light-weight conveyor belts using macromolecular elastomers as raw materials.
The company will newly build two three-meter wide PVC conveyor
Source: China Rubber Journal
2019/04/18
High-end Products of Double Arrow Conveyor Belt Increase the Proportion
On February 27, Double Arrow announced its annual report for 2018. Its operating income was RMB 1,358 Million Yuan, with a year-on-year (the same below) increase of 19.36%; and operating profit was RMB 183 Million Yuan, with an increase of 49.53%.
In 2017, due to factors such as sharp fluctuations in rubber prices, the gross profit level of the company&rs
Source: China Rubber Journal
2019/04/18
Jiangxi Blackcat Signs a New Contract, Setting Foot in Coking Industry
On February 19, Jiangxi Blackcat Carbon Black Inc., Ltd. signed a strategic cooperation agreement with China’s major coking enterprise, China Xuyang Group Co., Ltd.
According to the agreement content, the two parties will continue to carry out more in-depth cooperation in supply and demand business of tar and anthracene oil that are necessary for ca
Source: China Rubber Journal
2019/04/18
Strategic Cooperation between MESNAC and Hainan Rubber Group
On February 24, MESNAC and China Hainan Rubber Industry Group Co., Ltd. officially signed a Strategic Cooperation Agreement. The two parties will give full play to their own advantages and cooperate in fields like research & development, manufacturing upgrading, industrial fund investment, etc., with a view to promoting the optimization and upgrading of
Source: China Rubber Journal
2019/04/18
Prinx Chengshan Achieves Best Performance in Recent Years
On February 25, Prinx Chengshan (Cayman) Holding Limited released its 2018 financial report. Its annual operating income and various profit items all achieved growth. Hereinto, the operating income increased by 7.6% compared with the previous year, and profit before tax increased by 167.5%. Various economic indicators such as earnings per share all showed gr
Source: China Rubber Journal
2019/04/18
Tariffs and Trade Drama Aren’t Going Away Soon, AASA Panel Says
Regardless of whether the Trump administration can broker a trade deal with China, panelists at the Automotive Aftermarket Suppliers Association’s (AASA) 2019 Vision Conference in Dearborn, Michigan, had a message for the automotive aftermarket: Expect trade drama with China to be a fact of life for the next several years.
“
Source: Tire Review
2019/04/18
Tianxi Tire breaks ground on truck/bus tire plant in Liaoning Province
HULUDAO, China — Tianxi Tire, a newly established Liaoning Province rubber industry enterprise, has broken ground on a heavy-duty truck and bus tire plant in an economic zone in that eastern Chinese province.
Tianxi Tire has budgeted $210 million for the plant, which will be rated at 1.2 million units annually with 632 employees at full capaci
Source: Tire Business
2019/04/17
Commerce levies antidumping duties on Chinese steel trailer wheels
WASHINGTON — The U.S. Department of Commerce has issued preliminary antidumping-duty margins of 38.27 to 44.35 percent against imports of 12- to 16.5-inch steel trailer wheels from China.
The antidumping duties follow the preliminary countervailing duties of 58.3 to 293.27 percent Commerce levied on the same product in February 2019.
El
Source: Tire Business
2019/04/17
Developing and Growing into an International Supplier over 40 Years —— Interviewing Xia Dinghu, Chairman of Zhongding Group
In February in early spring, in Zhongding Industrial Park located at Ningguo Economic and Technological Development Area, there were a great number of plants and many vehicles and people coming and going, the hot production scene was stronger than the Spring Festival atmosphere.
“This is production equipment of automobile resonance block, which
Source: China Rubber Journal
2019/04/17
