September 06,2024
On August 30, Qingdao Sentury disclosed its 2024 semi-annual report. In the first half of 2024, the company achieved operating income of 4.11 billion yuan, a year-on-year increase of 16.21%; net profit attributable to the parent company was 1.077 billion yuan, a year-on-year increase of 77.71%; non-net profit was 1.059 billion yuan, a year-on-year increase of 81.56%.
September 03,2024
On August 28, General Science Cambodia Company held a ceremony for the first batch of the second phase project to roll off the production line at its production base in Sihanoukville Special Economic Zone. Chairman Gu Cui, General Manager of Overseas Company Gu Yahong and others attended the ceremony. This project is another breakthrough following the full production of the first phase of the Cambodia factory in May this year. It marks the further release of GS's high-performance, green and high-quality overseas production capacity, and a new step in the internationalization strategy process.
August 30,2024
In the past two years, the global tire industry has changed. China's tire industry has continued to grow, the U.S. market has ushered in a new round of investment boom, the European rubber industry has shown signs of recession, and the Mexican tire industry has developed rapidly.
August 27,2024
On August 19, Shandong Province Sanli Tire Manufacture Co., Ltd's "Annual production of 3.38 million high-end high-performance semi-steel radial tires expansion project" and Zhongyi Rubber Co., Ltd.'s "Annual production of 12 million high-end semi-steel radial tires project" have been registered on relevant platforms.
August 23,2024
Recently, the latest data released by the National Bureau of Statistics showed that China's production of rubber tire casing in July 2024 was 91.08 million, an increase of 7.6% year-on-year and a slight decrease of 2.32 million from June.
August 20,2024
On August 9, Shandong Linglong Tire issued an investment announcement for its overseas (Serbia) investment expansion project, marking another important step in Linglong Tire's overseas layout and another milestone for domestic tires to enter Europe.
August 16,2024
Buoyed by a healthy jump in replacement market demand for truck/bus tires, 2024 could turn out to be a record year for U.S. tire shipments, according to the latest data from the U.S. Tire Manufacturers Association.
August 13,2024
OTR tires are off-road tires. The products include agricultural tires, engineering machinery tires, mining tires, industrial tires, etc., which have become the fastest growing and highest-profit segment in the global tire market to date. In this context, domestic and foreign tire giants are rushing to grab a piece of this big cake, and within the month, several tire companies have announced major investments in OTR tires.
August 09,2024
On July 31, Nokian Tyres announced that it had signed a 150 million euro loan agreement with the European Investment Bank to promote sustainable tire manufacturing.
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