March 29,2024
“For Chinese tires, it is impossible to repeat the phenomenon of multiple influencing factors improving at the same time in 2024. Most of the positives will turn negative or slow down or decrease in magnitude. The cycle of the tire industry has reached a high point, and the problem of overcapacity in the industry will become increasingly prominent. We should take countermeasures.” On March 27, at the 2024 China Rubber Conference held by the China Rubber Industry Association, Mr. Shen Jinrong, senior vice president of China Rubber Association and chairman of ZC Rubber Group, delivered a speech titled "Can China's tire industry continue the prosperity of 2023 in 2024", which aroused strong responses.
March 26,2024
On March 19, the General Administration of Customs disclosed China’s tire export data for February 2024 and the first two months.
March 22,2024
As of now, there are dozens of domestic tire companies worth tens of billions. Today, with the rapid development of the industry, more tire manufacturers are growing in strength with each passing day. They are full of confidence in the future and are accelerating towards the goal of 10 billion.
March 19,2024
After a century of development, the tire industry has entered a bottleneck period that is difficult to break through from solid tires to radial tires, and there has been no major innovation. Many people in the industry believe that replacing radial tires with airless tires may be the future market trend.
March 15,2024
Recently, Bridgestone stated that it plans to invest 207 million euros to increase the production capacity of PCR tires at its Burgos plant in Spain, especially the production capacity of large-size tires of 18 inches and above.
March 12,2024
USTMA said March 5 that it expects total U.S. tire shipments to rise 1.1 percent to 335.7 million units this year. That's about 3.8 million units over 2023 and 3 million more units than 2019.
March 08,2024
Recently, the Shandong Provincial Department of Industry and Information Technology and the Shandong Provincial Branch of the People's Bank of China released the "2024 Shandong Province Enterprise Technical Transformation Key Project Guidance Catalog", the total project investment is 656.16409 billion, with a planned investment of 174.70835 billion in 2024 and a financing requirement of 123.56777 billion.
March 05,2024
China's domestic tire factories are spread across the country, including many with large production capacity. According to incomplete statistics, currently, there are 9 domestic tire factories with an annual output of more than 20 million tires.
March 01,2024
Recently, at the 2024 Tire Industry Association OTR Tire Conference in the United States, the authoritative organization Smither made a report and analysis on the future development trends of the global OTR tire market.
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