Auto Care Association, 100+ Trade Groups Speak Out on China Tariffs

The Auto Care Association and more than 100 trade groups have penned a letter expressing concern to Congress regarding the potential impact of tariffs President Donald Trump’s administration is using to address China’s unfair trade practices. In the letter addressed to the chair and ranking member of the House Ways and Means Comm

Source: Tire Review

2018/04/15

New Tariffs on Hundreds of Chinese Goods

The U.S. and China remain at odds over trade. On Tuesday, the Trump administration said that it will place a 25% tariff on a long list of Chinese products, a measure intended to penalize China for what is viewed as unfair trade practices and another move in simmering trade war between the United States and China. This follows Monday’s move when

Source: Tire Review

2018/04/08

Kumho Hopes to Build Brand Value with Doublestar Deal

On Sunday, April 1, Kumho Tire management and its union agreed to the creditor’s plans to sell Korea’s second-largest tire maker to China’s Qingdao based company Doublestar which vows to invest a substantial amount of capital in the company to get it back on track and profitable. According to a release from Kumho, Doublestar has guar

Source: Tire Review

2018/04/08

DOUBLESTAR BECOMES THE LARGEST SHAREHOLDER IN KUMHO TIRE

China’s Doublestar Tyre has bought 45 percent stake in South Korean tyremaker Kumho Tire. The move has got the nod from the workforce of the latter. It is learnt that job guarantee has been provided to employees for a period of three years. With its investment of KRW 646.3 billion (£434.3 million) through third-party allocation, Doublestar

Source: Tyre Asia

2018/04/04

Kumho Tire Union Opts to Vote on Doublestar Deal

As the March 30 deadline looms for Korean tiremaker Kumho Tire regarding its sale to Qingdao Doublestar, its labor union has decided to finally hold a vote on whether to accept the acquisition bid by the Chinese tiremaker. The union has been battling against the deal, putting a final resolution at risk, creating headaches for the state-run Korea Develop

Source: Tire Review

2018/04/02

ZC Rubber sales up 22%

At the ZC Rubber dealer meeting held in late January, the ZC Rubber reported that its 2017 sales revenue was up by about 22 per cent.

Source: Tyres & Accessories

2018/03/30

Deadline Looms for Kumho Tire Sale

  Kumho Tire may be headed to a court receivership as its labor union refuses to accept a deal from Qingdao Doublestar for a majority investment in the company. Kumho is under a Friday deadline for creditor Korea Development Bank and its labor union to agree on the reorganization deal with Doublestar, a Chinese tiremaker. Under the deal, Doubl

Source: Tire Review

2018/03/30

US reduces Chinese-produced car tyre tariffs

While US President Donald Trump may be talking up the benefits of a trade way, after reviewing certain tariffs on passenger and light truck (PLT) tyres imported from China, the US Department of Commerce (DOC) has adjusted some of its antidumping and countervailing rates. Reductions in the antidumping tariffs for the period from 27 January 2015 through 31 Jul

Source: Tyres & Accessories

2018/03/27

Kumho Labor Union Continues to Resist Doublestar’s Buyout

  Kumho Tire’s labor union has remained resistant to China’s Qingdao Doublestar acquiring the company, according to multiple South Korean news outlets. Union members have come forward declaring that a Korean company actually came forward with interest in buying the debt-ridden tiremaker, the Korean Joongang Daily reported.

Source: Tire Review

2018/03/27

Trump Proposes Retaliatory Tariffs on China Worth $60B

The U.S. and China are at odds over trade. President Trump proposed up to $60 billion in tariffs on Chinese good related to technology after China said plans to tax select American goods, worth up to $3 billion. On Thursday, President Donald Trump has ordered more tariffs, specifically on Chinese goods. And China has struck back. On Thursday, Trump

Source: Tire Review

2018/03/26

Doublestar Chief Visits Kumho Tire

The head of Chinese tiremaker Qingdao Doublestar, which recently acquired Kumho Tire Co., paid a visit to the South Korean company, calling the investment a “win-win” partnership and pushing for a deal with Kumho’s worker’s union, multiple news outlets report. Doublestar Chairman Chai Yongsen met with Kumho creditors, the K

Source: Tire Review

2018/03/23

Linglong Tire a Geely ‘Best Partner’

Award recipients at Geely’s 2018 Annual Supplier Conference On Saturday 17 March, vehicle manufacturer Geely Auto held its Annual Supplier Conference in Sanya, China, and one of the companies honoured with a ‘Best Partner’ award during the On Saturday 17 March, vehicle manufacturer Geely Auto held its Annual Supplier Conference in S

Source: Tyres & Accessories

2018/03/23

Kumho CEO Ends Protests, Unions Urged to Accept Doublestar Deal

Kim Jong-ho, chief executive officer of Kumho Tire, met two union leaders who staged a demonstration atop a utility pole near the tire manufacturer’s plant in Gwangju. The leaders ended their sit-in after Kim’s visit, 12 days after the protest began.  According to media sources within South Korea, the sit-ins and walk-outs&

Source: Tire Review

2018/03/16

TBC Announces Sailun S757 All-Weather Drive Tire

TBC has introduced the Sailun S757 all-weather drive tire. The S757 is designed for line-haul and regional applications and features an extra-wide footprint and solid shoulders improve stability and handling, while extensive siping and channeling improve grip in wet conditions and snow. The deep 26/32-in. tread depth and new tread compound provide lon

Source: Tire Review

2018/03/08

China’s Doublestar Takes Control of Kumho Tire

China’s Qingdao Doublestar Co. Ltd. has agreed to invest 646.3 billion won ($597.4 million USD) for a 45% stake in South Korea’s Kumho Tire Co. Inc, multiple news outlets reported at the beginning of March. According to a statement filed with the Shenzhen stock exchange, China’s Qingdao Doublestar Co Ltd’s parent company will b

Source: Tire Review

2018/03/06

Tire Grading Standard Becomes the Demonstration Application Project of the Ministry of Industry and Information Technology

On December 28, 2017, the Ministry of Industry and Information Technology held the “Meeting on Advancing the Work on Industrial and Informatization Standards” in Beijing. The meeting released the “2017 List of Demonstration Projects of Group Standard Application”, among which was the group standard of Tire Grading Standard release

Source: China Rubber Journal

2018/03/06

Quechen Silicon Chemical Won CPCIF Award for Scientific and Technological Advancement

With its “Production Technology of 30,000 Tons/ Year High Dispersion Silicon Dioxide Used for Green Tire”, Quechen Silicon Chemical Co., Ltd. won the Second Award for Scientific and Technological Advancement conferred by China Petroleum and Chemical Industry Federation (CPCIF) on December 11, 2017, becoming the first enterprise who received this

Source: China Rubber Journal

2018/03/06

Wet Mixing Made Silica Masterbatches Successfully Applied to Tire Production in Bayi Rubber

Recently, through the test of Qingdao Product Quality Supervision and Testing Research Center Rolling Resistance Laboratory, the rolling resistance of tires made of rubber compound through wet mixing of white carbon black by Bayi Rubber Co., Ltd. reached to 4.841N/kN, a 21.94% reduction compared to the rolling resistance of 6.202N/kN for normal tires, indica

Source: China Rubber Journal

2018/03/06

Chinese-Made Aircraft Tires Assisting Big Plane with a Successful Maiden Flight

China’s large amphibious aircraft “Kun Long” AG600 that was applied with home-grown aircraft tires completed its maiden flight in Zhuhai, Guangdong Province on December 24, 2017. Its front tires and main tires are all Sanhuan aircraft tires produced by CHEMCHINA Shuguang Rubber Industry Research & Design Institute. Y-20, AG600 and C9

Source: China Rubber Journal

2018/03/06

MESNAC Union Technology to Develop Pore-free Tire Mold

MESNAC Union Technology Co., Ltd., a subsidiary of MESNAC, will invest 2.8 Million Yuan in independently researching and developing new pore-free tire mold products in 2018. The R & D concept of this kind of products is to change the exhaust mode of current tire mold and finally produce tire mold without pore or with few pores. The successful devel

Source: China Rubber Journal

2018/03/06