Judging from the development ambitions of the above-mentioned backbone tire companies, Guangrao's tire industry has overcome the difficult period of capital chain. Through market-oriented means and industrial integration, this top 100 counties in China is ushering in a new wave of development.
On September 21, local time, TRB Rajaa, Minister of Industry of Tamil Nadu, India, said that the groundbreaking ceremony for the expansion project of tire giant Michelin's manufacturing plant in Chennai was held.
Nokian Tyres is looking to take sustainability further with a new raw material, one sourced from birch bark.
On September 6, the commissioning ceremony of the first phase of Doublestar Cambodia tire factory was grandly held in the Special Economic Zone of Kratie Province, Cambodia. Xie Wudi, Secretary-General of the Cambodian Development Council, Vanthan, Governor of Cambodia's Kratie Province, Chai Yongsen, Chairman of Doublestar Group, Zhang Qirong, Chairman of Zhongqi Group, leaders of relevant Cambodian government departments, partners, and representatives of Doublestar's global dealers attended the event.
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%.
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.
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.
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.
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.