Chinese Tire Industry Update: Focus on Overseas Expansion Amid Geopolitical and Economic Uncertainty
The Chinese tire industry, the global powerhouse in production and consumption of tires, had one of the most challenging years in recent history in 2018.
Despite a very tough year, the Chinese tire industry continues to make headlines for its sheer size, overseas expansions and tariff and non-tariff barriers.
Reclaimed Rubber Industry Ushers in Good Policy The China Tyre Retreading, Repairing & Recycling Association’s (CTRRRA) Reclaimed Rubber Group hosted a waste tire utilization technology exchange meeting as part of its annual gathering. During the meeting, it was revealed that the Ministry of Finance and the State Administration of Taxation will adjust value-added tax preferential
Oliver Haiqing Hua, a tire business analyst, provides Tire Review readers with a periodic insider report on developments within the Chinese tire industry.
Double Star Green Tire Project Progressing Qingdao Double Star’s factory relocation and new green tire production base project has been underway. The new factory is expected to produce two million eco-friendly steel-belted passenger tires per year by May 2015. By the end of 2015, capacity will increase to four million units annually, and by the
Radial Truck Tire Capacity Expansions According to the recent Chinese “tire industry access conditions” draft issued by the Ministry of Industry and Information Technology (MIIT) of China, future truck radial tire new plant or expansion projects should have production capacity of more than 1.2 million tires annually. By comparison, future radial light truck and car