Top 10 News on China Rubber Industry in 2018 - No. 1: Economic Operation of Rubber Industry Remained Stable

In 2018, the economic operation of China’s rubber industry remained generally stable. Due to the decline in domestic automobile production and sales, and the adjustment of logistics and transportation methods, the rubber tire products market has been affected accordingly. According to statistics, China Rubber Industry Association (hereinafter referred

Source: China Rubber Journal

2019/02/19

Top 10 News on China Rubber Industry in 2018 - No. 2: Friction in International Trade Intensified and Difficulty in Export Increased

In 2018, China-US trade conflicts intensified, and almost all of the products in China’s rubber products industry chains were included in the US tariff list of USD 200 Billion. Although before the end of the year, China and the United States have reached an agreement to delay tax increase, it added variables to the export of China’s rubber produc

Source: China Rubber Journal

2019/02/19

Top 10 News on China Rubber Industry in 2018 - No. 3: Merger and Reorganization in Rubber Industry were More Active

In 2018, due to the changes in domestic and foreign market environment, merger and reorganization of rubber enterprises have become more active, and bankruptcy has occurred frequently. The supply-side structural reform in rubber industry has been deepened continuously. On July 6, Doublestar Group acquired 45% equity of Kumho Tire for approximately RMB 3.9 Bi

Source: China Rubber Journal

2019/02/19

Top 10 News on China Rubber Industry in 2018 - No. 4: Factories Were Built Overseas and Pace of Globalization Was Accelerated

  In 2018, Chinese rubber enterprises stepped up their pace heading overseas, and many enterprises announced to build factories overseas to promote globalization. On April 22, Triangle Tyre held a Triangle Tyre (USA) Technologies LLC Launch in Weihai, announcing an investment of USD 580 Million to build a “Smart Factory” with an annual produ

Source: China Rubber Journal

2019/02/19

Top 10 News on China Rubber Industry in 2018 - No. 5: A Number of Preferential Policies Were Introduced and the Industry Enjoyed the Bonus

In 2018, the international trade environment faced many uncertainties. For this reason, the country has introduced a number of policies to help enterprises reduce costs and increase profits. On September 5 and October 22, the Ministry of Finance and the State Taxation Administration issued two notices to increase the export tax refund rates for some products

Source: China Rubber Journal

2019/02/19

Dept. of Commerce Issues Countervailing and Antidumping Duty Orders

The seal of the U.S. Department of Commerce The two orders issued by the Department of Commerce will likely be published in the Federal Register early next week and deposits for these duties will begin to be collected from Chinese truck and bus tire manufacturers by the end of next week, according to the Tire Retread and Information Bureau (TRIB).

Source: Tire Review

2019/02/18

Aeolus Announces the Exclusivity of Pirelli Technology

According to insiders, Aeolus Tire Co., Ltd. has signed an agreement with Pirelli Group on patents and know-how. In the future, Aeolus will possess the exclusivity of Pirelli technology and with this expand its industrial tire products.   "China Rubber" learned that the First Amendment to the Patent and Proprietary Technology Licen

Source: China Rubber Web

2019/01/24

Double Coin Excels in Fuel Efficiency Comparison Tests

  Commercial tires being tested for fuel efficiency by PIT Group, a division of FPInnovations, is a neutral, third-party research organization. Double Coin received high marks in two independent fuel efficiency tests for line haul and regional applications. Double Coin, Michelin and Continental were invited to participate in the tests by FP

Source: Tire Review

2019/01/23

Auto Sales in China Slump for First Time in Two Decades

The world’s biggest vehicle market just saw their first annual drop in twenty years, and it’s having a domino effect around the globe. According to the China Passenger Car Association (CPCA), sales in the Forbidden Kingdom fell 6 percent to 22.7 million units in 2018. The CPCA is attributing the deceleration to a slowdown in C

Source: Global Rubber Markets

2019/01/17

Dalian Goodyear Invests 1.7 Billion for Expansion

Recently, Dalian Goodyear Tire Co., Ltd. disclosed its next move. The company will invest 1.698 billion yuan to expand its production capacity. The environmental impact assessment of the “Radial Tire Expansion Project” was also publicized.   According to the public documents, after the completion of the project, the production capacity of

Source: China Rubber Web

2019/01/16

ARLANXEO strengthens partnership with Qingdao University

ARLANXEO, a world-leading synthetic rubber company, hosted an Open Day in partnership with Qingdao University of Science and Technology (QUST). Themed “Talent, Technology and Innovation”, this event has further deepened ARLANXEO’s relationship with QUST, which was first established in 2017, the company says in a Press release. &ldquo

Source: Rubber Asia

2019/01/14

Huasheng Rubber acquires creditors of Hengyu and Guofeng

On January 7, Shandong Financial Asset Management Co., Ltd. issued two news about the acquisition of corporate creditors, involving three tire companies in Guangrao. The purchaser was Shandong Huasheng Rubber Co., Ltd., and the two credit acuqirees were Shandong Hengyu Technology Co., Ltd. and Shandong Guofeng Rubber & Plastic Co., Ltd. &

Source: China Rubber Journal

2019/01/11

Chinese scientists claim synthetic match to natural rubber

FRANKFURT, Germany—A team of Chinese scientists have developed a synthetic equivalent to vulcanized natural rubber, according to a news release by the Society of German Chemists. The researchers, led by Yun-Xiang Xu and Guangsu Huang from Sichuan University, Chengdu, revealed the development in a recent edition of technical journal Angewandte Ch

Source: Rubber & Plastic News

2019/01/10

U.S. lifts tariffs on China-made injection molds

WASHINGTON—The Trump administration unexpectedly put a hold on steep 25 percent tariffs on injection molds imported from China in late December, a decision that industry observers say is likely to hurt American mold building companies but help U.S. plastics processors. The announcement from the U.S. Trade Representative means that the 25 percent tar

Source: Rubber & Plastic News

2019/01/09

Prinx Chengshan Officially Enters Thailand

According to reliable information, Prinx Chengshan (Cayman) Holdings Co., Ltd. has recently reached an agreement with a developer of an industrial park in Thailand, which will purchase 433,600 to 480,000 square meters of land from the latter. In the future, Prinx Chengshan will build a tire manufacturing plant in Chonburi, Thailand, and its overseas pro

Source: China Rubber Web

2018/12/28

China’s rubber industry reports strong profits

China’s rubber industry saw strong growth in profits in the first 10 months of this year, according to new data from the Ministry of Industry and Information Technology. In the January-October period, the total profits of 373 tracked companies rose 31.14 percent year on year to 13.07 billion yuan (about 1.9 billion U.S. dollars), the minis

Source: Global Rubber Markets

2018/12/26

Three Rubber Enterprises were Included on National Green Factory List

On November 6, the Ministry of Industry and Information Technology (MIIT) released the list for the third batch of green manufacturing enterprises, on which there were total 391 green factories, 480 types of green design products, 34 green industry parks and 21 model enterprises for green supply chain management.  Three rubber enterprises, Sanlux Co.

Source: China Rubber Journal

2018/12/25

Registration for GS New Factory in Thailand Accomplished

Jiangsu General Science Technology Co., Ltd. (GS) officially announced on November 8 that the project implementation subject of its new factory, namely General Rubber (Thailand) Co., Ltd., had been registered in Thailand. According to GS, this factory, with total estimated investment of no more than USD 300 Million Yuan, will newly increase the annual pro

Source: China Rubber Journal

2018/12/25

Newu’s VOCs Ultra-Low Emission and Treatment Equipment Passed Appraisal

On September 15, the “VOCs Ultra-Low Emission and Treatment Technique and Key Technical Equipment in Rubber Plant” jointly developed by Beijing New Universal Science and Technology Co., Ltd. (Newu) and Hangzhou Chaoyang Rubber Co., Ltd. passed the appraisement of sci-tech achievement organized by China Petroleum and Chemical Industry Federation.&

Source: China Rubber Journal

2018/12/25

Continental AG Qingdao Factory Opened Officially

The opening ceremony for Continental AG Qingdao factory was held by Continental AG at the Sino-German Ecopark, Qingdao on October 18. This factory, with total investment of about 240 Million Yuan (EUR 30 Million) and covering an area of 84 thousand m2, is mainly engaged in providing high-end rubber hoses used for passenger vehicles and commercial vehicles as

Source: China Rubber Journal

2018/12/25