Chinese Tire Manufacturer Enters ‘Restructuring’ Proceedings
Tiremaker Shandong Deruibao Tire Co. Ltd. has entered “restructuring” proceedings, according to Chinese media. Earlier this month, Deruibao applied to its local authority, asking for the government to restructure the business, which could lead to the sale of the operation, according to China News. Chinese media blame the company’s business problems on the U.S. tariffs,