China remains US’ largest trading partner for tire sector

Washington — Despite measurably lower exports of passenger and light truck tires to the US in 2018, China was the US’ largest trading partner in the tire sector for a second straight year. Overall, the value of imports into the US of tires of all kinds last year increased 7.8% over 2017 to $14.8 billion (€13.1 billion), while the value of

Source: European Rubber Journal

2019/04/17

Double Coin Announces New Customer Service Team Lead

Double Coin and CMA has promoted Rafael George to international customer service team lead, effective March 1. The change was made to further support the customer service team. “Since 2015, Rafael has provided outstanding customer support, handling numerous accounts across the United States. In addition to the U.S. market, Rafael’s ex

Source: Tire Review

2019/04/17

Synthetic rubber development could yield improved truck tires

POTSDAM, Germany — Researchers from the Fraunhofer Institutes for Applied Polymer Research in Germany have developed a polyisoprene synthetic rubber they claim can exceed the treadwear performance of natural rubber in truck tires. The discovery, dubbed “BISYKA” achieves 30- to 50-percent less abras

Source: Global Rubber Markets

2019/04/03

China’s Linglong tyres begins construction of Serbian plant

Chinese tyre manufacturer Shandong Linglong has begun construction of a production plant in Zrenjanin as part of an 800 million-euro investment. The plant will produce 13 million tyres a year and in the long-term employ more than 1,200 people, said Serbian president Aleksander Vucic, who added that he expects production to start at the end of 2021 and for

Source: Emerging Europe

2019/04/03

Prinx Chengshan Breaks Ground for Thailand Factory

Chinese tire company Prinx Chengshan (Shandong) Tire Co. Ltd. has broken ground for its new manufacturing plant in Thailand. Production is slated to begin in mid-2020. The company says the new plant will produce 4 million semi-steel radial tires (PCR) for passenger cars and 800,000 all-steel radial tires (TBR) for trucks and buses. The initial stage of

Source: Modern Tire Dealer

2019/04/03

Synthetic rubber outperforms natural rubber

Initial testing of tires made from the nature-identical, biomimetic synthetic rubber BISYKA shows that they achieve around 30 to 50 percent less abrasion compared to natural rubber tires.  Natural rubber from rubber trees is a raw material with a limited supply. Synthetically produced rubber, on the other hand, has not yet been able to matc

Source: Global Rubber Markets

2019/04/02

Double Coin Launches the Little Trucker’s Coloring Contest

Double Coin and CMA launched a Little Truckers Coloring Contest at the Mid-America Trucking Show (MATS) as part of a nationwide social media campaign, raising money for scholarships for trucking industry families. Double Coin’s custom-made coloring pages are available at MATS, Booth #13180. Once completed, the coloring page may be submitted

Source: Tire Review

2019/04/01

Rubber fell 70% in 7 years. Will the bear market last for 10 years?

Rubber prices experienced a surge in the period from 2009 to 2011, during which the increase was as high as 240%, which in turn led to a large expansion of the planting area in the producing countries, resulting in a serious oversupply. Although the international rubber futures price has risen by 16% this year, it is still 70% l

Source: Global Rubber Markets

2019/03/28

Vietnam factory: Guizhou Tyre establishes subsidiary

It’s almost two years since we first heard of Guizhou Tyre Co. Ltd’s intention to establish a plant in Vietnam, and plans have been taking shape since then. On 4 March, the Chinese tyre maker’s Board of Directors approved the establishment of a new wholly-owned subsidiary. According to a statement issued by the Shenzhen Stock Exchan

Source: Tyres & Accessories

2019/03/21

Styrene: Imports soar in the first month of 2019

According to customs statistics, the volume of imports in the first month of 2019 hit a record 391,400 tons, second only to 422,500 tons in September 2015, the second highest peak in recent years. The chain rose by 17.6% from the previous month; it was up 50.7% from the same period last year. The average import price fell by 20.6% from the previous

Source: Global Rubber Markets

2019/03/19

Guizhou Tyre setting up Vietnam subsidiary to support plant project

GUIYANG, China — Guizhou Tyre Co. Ltd., producer of the Advance and Samson brands, plans to set up a wholly owned subsidiary in Vietnam to advance the truck and bus tire plant under construction in the Southeast Asian nation. The subsidiary, called Advance Tyre (Vietnam), has registered capital of $43 million and its business scope covers the ma

Source: Tire Business

2019/03/14

Mesnac, Hainan Rubber form strategic partnership

QINGDAO, Shandong—Chinese machinery maker Mesnac and natural rubber supplier Hainan Rubber have entered a three-year strategic partnership. The two parties will join forces in the research and development of rubber materials and products as well as smart manufacturing, according to a Mesnac statement. The companies also plan to set up an industr

Source: European Rubber Journal

2019/03/14

ZC Rubber to introduce new Westlake TBR, Z series PCR tyres

ZC Rubber has announced that it will introduce a series of new commercial and consumer tyres in 2019. Covering European TBR and PCR tyre markets, the new products have been designed to meet local customer demands, the manufacturer states. Marked M+S, the newly introduced second generation of Westlake tyres is designed for fitment on trucks and buses drivi

Source: Tyres & Accessories

2019/03/13

Commerce sets antidumping duty of 1.45% against Chinese OTR tire maker

WASHINGTON — The U.S. Department of Commerce has issued a final antidumping duty of 1.45 percent against off-the-road tires imported to the U.S. by Weihai Zhongwei Rubber Co. Ltd. Commerce announced the duty in the March 5 Federal Register. It resulted from an administrative review of OTR tire imports between Sept. 1, 2016 and Aug. 31, 2017

Source: Tire Business

2019/03/12

Trump Delays Tariff Increases on China

U.S. President Donald Trump has delayed tariff increases on China, which were set to take effect Mar. 1 after his administration reported “substantial progress” during trade talks in Washington between American and Chinese officials. “I am pleased to report that the U.S. has made substantial progress in our trade talks with China on impo

Source: Tire Review

2019/03/01

Styrene: The Spring Festival returns to the market

Looking back during the Spring Festival holiday, the peripheral financial market was strong, and the US economy recovered slowly. As for the expected number of interest rate hikes in 2019, the bulk commodity market was supported. In particular, during the Spring Festival, iron ore products rebounded sharply. According to statistics, the external market rose

Source: China Rubber Web

2019/02/27

Rubber price breaks through important resistance

On February 18th, Shanghai Rubber reappeared at night, which was similar to the trend on the 12th of this month. However, this time it broke through the resistance level of 12,000 yuan, while the last time it reversed the weak pattern. From the midline perspective, Shanghai Rubber is expected to break away from the bottom. The shock enter

Source: China Rubber Web

2019/02/26

The Smart Tire Inner Tubes and Flaps Filling Machine Put into Use in Tire Companies

The smart tire inner tubes and flaps filling machines, independently researched and developed by Qingdao Kelida Machinery Manufacture Co., Ltd., were delivered to Prinx Chengshan (Shandong) Tire Co., Ltd. on December 20, 2018. Thus, there are three major domestic tire companies that have ended the history of manual filling of inner tubes and flaps during the

Source: China Rubber Journal

2019/02/22

Aeolus Tire Threw away Burdens Through Assets Adjustment

Aeolus Tire Co., Ltd. successively released 14 announcements on December 3, 2018 for two big news on assets operation so as to throw away the huge burdens to the business development and make the future development of the company easier. Firstly, it is the overall share transfer of Yellow Sea Rubber Company. By signing a Share and Debt Transfer Agreement

Source: China Rubber Journal

2019/02/22

Guilin Rubber Machinery Providing Machines for Dunlop Aircraft Tires Production

Lately, Guilin Rubber Machinery made a new breakthrough in its overseas market development that it successfully signed an order with Dunlop Aircraft Tires Limited, Britain for providing Dunlop with vulcanizing machines in its local factory in the UK for use of producing aircraft tires. It is the first time that Guilin Rubber Machinery offers services for a l

Source: China Rubber Journal

2019/02/22