On February 17, the spirit of the New Year has not yet dissipated. General Science (601500.SH) domestic and overseas production bases are busy. All positions have already been put into intense production and are working hard to catch up on orders, striving for a "good start" in the first quarter of 2024.
At 12:58 on January 31, 2024, the first 57-inch giant OTR tire independently developed by Linglong Tire rolled off the production line in 46/90R57 specification. The tire diameter of this specification can reach 3.6 meters, and the weight of a single tire is 3.6 tons. Suitable for rigid dump trucks with a load capacity of 220 tons.
From January 23rd to 25th, the 2024 Aeolus Tire Overseas Dealers Conference was successfully held in Indonesia. Nearly 300 Aeolus truck, bus and construction machinery tire dealer representatives from more than 70 countries attended the meeting.
Japan's Bridgestone Tire is about to disclose an investment plan. The company expects to invest 800 billion yen in the next three years.
On January 18, the General Administration of Customs disclosed China's tire export data for December 2023 and the whole year of 2023. In 2023, China's tire export volume and export value maintained double-digit growth.
Recently, the National Bureau of Statistics announced the tire industry output in 2023. It can be said that in 2023, the tire industry has shown strong resilience and vitality, especially export support, which has led to strong expectations for 2024.
2023 is an unforgettable year, 3 years epidemic dissipated, prevention and control of smooth transition, rubber industry to seize the opportunity of the continued launch of national policies, economic stabilization and improvement, showing a strong development resilience, in the post-epidemic era delivered a satisfactory answer sheet. Leveraging on the strong momentum of new energy vehicles, Chinese tire brands have emerged from the siege, reversing the situation where passenger cars are dominated by foreign brands. The process of internationalization was accelerated, overseas projects continued to increase, product production and sales were booming, and it became a strong engine for the parent company's performance growth.
Tyre major Yokohama India is targeting a significant scaling up of its Indian operations with both capacity expansion and foray into new segments. The company is targeting a four-fold increase in its offhighway business this calendar year even as it nearly doubles its passenger car radial (PCR) production capacity.