On April 7, Pirelli celebrated the 20th anniversary of its industrial layout in Shandong Province, China. After 20 years of development, the group currently has 3 factories in Shandong Province and employs more than 5,000 people.
In the face of the turbulent global trade situation and market changes, tire giants are stepping up their efforts to adjust their development strategies and actively changing the layout of their plant production capacity. Especially, the tire industry in the United States has become the focus of these giants.
Continental AG recently announced plans to exit the agricultural tire business by the end of the year and refocus its OTR business on material handling, earthwork, and port operations.
According to media reports, a new company led by former executives from Nokian Tyres and Cooper Tire plans to build a tire factory near Tulsa, Oklahoma, specifically for producing tier-three private label tires for the North American market.
Hankook Tire recently made important progress in the capital market and successfully issued corporate bonds totaling 460 billion won. This move aims to optimize the financial structure and provide strong financial support for the company's global expansion and raw material procurement.
On March 18, Himile Mechanical Science and Technology (Shandong) Co.,Ltd. released its 2024 financial report.
Recently, Sumitomo Rubber announced its long-term management strategy (Rise 2035), which aims to strengthen its tire "premiumization" and non-tire businesses.
Recently, Jiangsu General Science Technology Co., Ltd. (hereinafter referred to as GS) has made significant progress in deepening industrial chain cooperation, and signed strategic cooperation agreements for 2025 with the world-renowned raw material supplier Bekaert of Belgium and the well-known Chinese company Black Cat Carbon Black Inc., Ltd.
According to the U.S. Tire Manufacturers Association (USTMA), 2025 will be a record year for U.S. tire shipments, driven by double-digit growth in commercial tire demand.