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Since then, a new chapter in the development of tires has been opened, and human travel has undergone earth-shaking changes since then. -
Continental Tire Andina SA recently announced operational adjustments to its tire manufacturing plant in Cuenca, Ecuador.
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China's first-tier tire companies are taking advantage of the opportunity of China's tires selling well around the world to strive to enter the world's first-tier! And today we will see which company has more strength to enter the "competitive city" of the world's first-tier.
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Recently, the Shenyang Development and Reform Commission issued a review opinion on the Energy Saving Report of Michelin Shenyang Tire Co., Ltd.'s high-performance radial tire green intelligent manufacturing project.
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Recently, Wuchan Zhongda Chemical Group and Hainan Rubber Group signed a strategic cooperation agreement in Haikou. Wuchan Chemical expressed the hope that both parties will deepen development in "upstream and downstream" and "going global".
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In the first two weeks of 2025, China's tire operating rate once again hit the boundary, and the operating rate of semi-steel tires close to 80% hit a five-year high.
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With the saturation of the Chinese tire market, the domestic market alone can no longer meet the needs of tire companies for development.
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On January 10, 2025, Qingdao Sentury Tire Co., Ltd. issued a notice on the adjustment of domestic market prices. According to the data, due to the sharp rise in raw material prices, the manufacturing cost of the company's tire products has increased significantly.
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It is not only the first overseas project of Wanli Tire, but also a key step for Guangzhou Industrial Control Group to accelerate the globalization strategy and actively participate in the high-quality construction of the "Belt and Road".
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From 2023 to 2024, Chinese tires took advantage of the global high demand to expand their production capacity crazily. In two years, more than 30 tire companies built 35 factories around the world, adding 337 million tire production capacity.
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The most important thing in the tire business is the two words "buy" and "sell". As a commodity, the circulation of tires is crucial.
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In the tire industry, the current situation of some domestic tire companies is often summarized by a slightly teasing but thought-provoking sentence: "First-rate equipment, second-rate market, third-rate products, fourth-rate brands, and fifth-rate prices."
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In December 2024, S&P Dow Jones Indices, a subsidiary of S&P Global, announced the scores of the 2024 S&P Corporate Sustainability Assessment. After reviewing economic, environmental and social standards
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In 2024, mainland China manufactured more than 1 billion tires; in the first 11 months of 2024, mainland China exported 620 million tires. More than 60% of tires manufactured by Chinese factories are exported.
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After 10 years, Dunlop's European operating rights have returned to Sumitomo Rubber. On January 8, 2025, Sumitomo Rubber announced that it had signed a purchase agreement to acquire the Dunlop trademark and other rights of the Dunlop brand in Europe, North America and Oceania from Goodyear Tire & Rubber Company for $526 million (RMB 3.856 billion).
