Hangzhou Zhongce Rubber Co. (ZC Rubber) was China’s largest tiremaker in 2011, according to figures published by the China Rubber Industry Association (CRIA).
The tire manufacturer, which produces the Westlake brand, amongst others, reports that ZC Rubber’s sales of $3.52 billion were up 29.2% over 2010 and were significantly higher than this ranking’s measurement of Giti Tire Co. Ltd. ($2.89 billion) and Triangle Group Co. Ltd. ($2.52 billion).
Furthermore, a turnover of $3.52 billion could put ZC Rubber between 10th and 12th position globally, depending on the full year 2011 financial results published by Taiwan’s Maxxis International and South Korea’s Kumho Tire Co.
The next largest makers are Shandong Linglong Rubber Co. ($1.7 billion); Aeolus Tyre Co. ($1.58 billion); Double Coin Holdings ($1.56 billion); Xingyuan Tyre Co. ($1.35 billion); Qingdao Doublestar Industrial Co. ($1.31 billion); and Guizhou Tyre Co. ($1.15 billion).
Full details of the top 10 Chinese tire manufacturers in 2011 by turnover, according to the CRIA, are as follows:
Hangzhou Zhongce Rubber Co. (28.411billion yuan)
Cheng Shin Rubber Industry Co. in Xiamen (22.146 billion yuan)
Giti Tire (China) Investment Co. (19.8 billion yuan)
Triangle Group Co. (17 billion yuan)
Exquisite Group Co. (11 billion yuan)
Double Coin Holdings (10.8 billion yuan)
Aeolus Tyre Co. (10.1 billion yuan)
Xingyuan Tyre Group Co. (10 billion yuan)
Guizhou Tyre Co. (7.5 billion )
Shengtai Group Co. (7.3 billion yuan)
The largest non-tire company listed is Jiangsu Xingda Steel Cord Co., which ranked 14th with sales of 5.52 billion yuan. Xingda is followed by China Bekaert Steel Cord Co., Ltd. in 15th with sales of 5320 million yuan.
The biggest non-tire rubber product company is Anhui Zhongding Holding (Group) Co., Ltd. placed in 16th with sales of 5.2 billion yuan.
The largest carbon black supplier is Jiangxi Black Cat Carbon Black Co., Ltd. in 20th with sales of 3.38 billion yuan.
Jiangsu Sinorgchem Technology Co. is the largest chemical supplier, ranked in 27th. This firm’s sales totaled 2.561 billion yuan in 2011. (Tyres & Accessories)
