ITC Says No Duties Against Chinese Truck Tires
On Feb. 22, the U.S. International Trade Commission announced a negative determination in its final phase of anti-dumping and countervailing duties investigation against truck and bus tires from China. This means no duties will be enacted on truck and bus tires from China.
Update: No Duties Against Chinese Truck Tires
No duties will be enacted against truck and bus tires from China following the U.S. International Trade Commission’s negative determination. Tiremakers and USW give their thoughts on the decision.
China Prepares to Push Back Against Tariffs as USW Celebrates Victory
The Chinese government has reportedly stated it will take action if the newly issued tariffs made by the U.S. Department of Commerce infringe on the country’s trade rights, the China Daily reports.
DOC Issues Truck Tire Duties Higher than Preliminary Determinations
The U.S. Department of Commerce (DOC) has issued its final ruling on import duties on truck and bus tires from China in both the countervailing duties and anti-dumping investigation. While the anti-dumping duties have dropped from the preliminary investigation, countervailing duties increased significantly.
Report: China’s SAIC Tops Kumho Bids
A new player has reportedly joined the race to acquire the controlling stake in Kumho Tire, and could possibly be the strongest contender. The Chinese state-owned aerospace and automotive firm Shanghai Aerospace Industry Co. (SAIC) reportedly placed the highest bid to acquire 42% stake in Kumho Tire in late November, Korean media reports. The amount bid
Chinese Tiremakers Plan Future Growth in U.S.
These days Chinese biking lovers are overwhelmed by a newly launched foldable electric bike called the Uma Mini, produced by Hangzhou-based tech start-up Yunzao Technology. The company has sold more than 2 million Uma Minis since the product was launched on June 24. Similar enthusiasm is also given to the Ninebot electric self-balancing scooter by
DOC Finds Dumping of TBR Imports from China
The Department of Commerce (DOC) announced its affirmative preliminary determination in the anti-dumping duty (AD) investigation of imports of TBR tires from China yesterday afternoon and has found that truck and bus tires from China are being dumped in the U.S. at less than fair value. To level the playing field as a result of
Report: Sentury Building Tennessee Plant
Sentury Tire is considering setting up a manufacturing facility in the Memphis, Tenn., area, according to The Atlanta Business Chronicle. The proposed plant would cost $500 million and cover 545 to 560 acres. Construction is reportedly starting next year and by 2019 is expected to produce 50 million tires annually. Currently, Sentury provides the U.S.
Conti to Expand China Tire Plant
Continental AG plans to expand its Heifi, China, tire plant after signing a long-term option to purchase additional real estate. “In line with our long-term growth strategy, Vision 2025, we have been very systematic in expanding production capacities at our Hefei plant in China,” said Burkhardt Koeller, chairman of the management board of Continental Reifen Deutschland
DOC Announces Preliminary Chinese Truck Tire Duty
On June 28, the Department of Commerce issued a preliminary determination in its countervailing duty (CVD) investigation of truck and bus tires from China. The DOC’s preliminary determination assigned CVD rates ranging from 17.06 to 23.38% to counteract a tire exporters artificially low prices that result from government subsidies. These duties would be added to
Truck, Bus Tire Anti-Dumping Determination Postponed
Once again, the U.S. Department of Commerce has postponed its preliminary anti-dumping duty determination on truck and bus tires imported from China. In a June 2 Federal Register notice, the Commerce Department announced it will move the preliminary ruling back 50 days to Aug. 26. The Commerce Department originally scheduled the determination to be issued
Kobe Steel to Open Tire, Rubber Machinery Company
Kobe Steel Ltd. has invested 40 million yen to open a Chinese company to sell tire and rubber machinery in April. The company, Kobelco Machinery System Engineering Qingdao Co. Ltd. (KMQ), will be headquartered in Qingdao, Shangdong Province, and will also provide after-sales service. KMQ will supply rubber mixers, twin screw roller head extruders and