New Trade Deal With China May Impact Tires
In a new trade deal, China will eliminate “improper” trade subsidies it was allegedly using to prop up profitable trade with the U.S., to the detriment of local and foreign companies.
US Ruling Requires Manufacturers to Prove Harm from Subsidised Exports
(Staffordshire, U.K./Tyres & Accessories) A U.S. trade panel ruling has provided a glimmer of hope for Chinese tyre manufacturers facing the prospect of tariffs imposed upon their products.
Direct Importing: Do the Risks Outweigh the Reward?
(Akron/Tire Review) MEMA recently issued a special report dealing with the direct importation of automotive parts – including tires.
Report: Chinese PC Market Accelerates With Government Backing
(Staffordshire, U.K./Tyres & Accessories) According to a new analysis from Frost & Sullivan the Chinese passenger car sales volumes have jumped from about 1.2 million in 2001 to over 5.17 million in 2006.
Fickle Power Supply, Importers Blamed for Dunlop Nigeria’s Woes
(Staffordshire, U.K./Tyres & Accessories) The Chairman of Dunlop Nigeria Jabez Lawuyi chose the company’s Sept. 4 general meeting as the occasion to announce that the country’s chronically unreliable energy supply has reduced the tyremaker’s production and sales capacity by 20% during the first half of 2007.
ITC Rules For U.S. Tiremakers, Dumping Probe Continues
(Akron/Tire Review) The International Trade Commission has sided with three U.S. tiremakers and the USW in their complaints that Chinese are dumping their tires at low prices thanks to government subsidies.
U.S. Launches China Tire Dumping Probe
(Akron/Tire Review) The Commerce Department formally announced that it was launching a probe into charges that Chinese OTR tiremakers are selling their tires in the U.S. at below fair market prices, and whether Chinese government subsidies allow the offshore tire companies to sell at such prices.
Sameer Half-Year Profits Up 54%
(Staffordshire, U.K./Tyres & Accessories) Sameer Africa recorded a 54% increase in pre-tax profit to Sh113.8 million (≤836,000) during the first six months of 2006.
Sameer Seeks Government Subsidies
(Staffordshire, U.K./Tyres & Accessories) Kenya-based Sameer Africa Ltd. has asked the Kenyan government to provide subsidies to local manufacturers so they can counter rising energy costs and remain competitive.
Goodyear and Bridgestone: Western Manufacturers in India
(Staffordshire, U.K./Tyres & Accessories) Although the Indian tyre market is mainly characterised by its strong growth, it still is a market that is relatively self-sufficient.