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.
This year, China's tire export market is hot, in addition to the "Belt and Road" initiative continues to promote, tire companies overseas market development opportunities are more broad. Overseas market demand recovery to good superimposed on domestic tires are more and more recognized by foreign consumers, the domestic tire companies have stared at the overseas market this piece of "big fat meat", have opened the pace of plant expansion.
With the end of the year approaching, major tire companies have held the annual dealer meeting. As the industry's heavyweight event, these meetings are not only a summary of the past year, but also the planning and outlook for future development. This year, Sailun Tire, Linglong Tire, Aeolus Tire, Prinx Chengshan, Wanli Tire, Double Coin Tire, Kenda Tire, CST and Guizhou Tire, as well as Kumho Tire, Pirelli, and other giants have held a meeting, and they revealed what information on the business performance in 2023, the development plan in 2024? And what new products have been released? Let's find out.
Hose & belt world standard arrangement (International, China, Germany, America, Britain, Japan, Canada, etc.)
VMI, the world’s leading manufacturer of automated tyre building machines, is a long-term investor in the future success of India’s economy. VMI now serves every major Indian tyre manufacturer while providing strong and local service support across the country from its permanent India-based service team.
Tire production increases, exceeding 900 million mark Recently, the National Bureau of Statistics released tire production data for November 2023.
On December 20, the ceremony of the first rubber track successfully produced of Sailun Vietnam factory was held in Tay Ninh Province, Vietnam. Witnessed by leaders of the Group's centers, partners, and representatives of Vietnamese factory employees, the first rubber track was successfully produced in the phase III curing workshop of the factory.
On December 15, SAILUN INTERNATIONAL HOLDING (SINGAPORE) PTE.LTD., a wholly-owned subsidiary of Sailun, signed a "Joint Venture Agreement" with the local Mexican company TD INTERNATIONAL HOLDING, S.A.P.I.DE C.V. (hereinafter referred to as "TD Mexico"). The two parties plan to establish a joint venture and invest US$240 million (approximately RMB 1.708 billion) to build a PCR tire project in Mexico with an annual output of 6 million units.