February 14,2025
Recently, Nexen Tire reported that its operating revenue in 2024 reached a record high of US$2.1 billion, an increase of 5.4% over the previous year, driven by a gradual increase in average selling prices and solid growth in the European and Korean markets.
February 11,2025
On February 6, Kumho Tire announced its 2024 performance forecast, with full-year revenue of KRW 4538.1 billion, a year-on-year increase of 12%; profit of KRW 433.9 billion, a year-on-year increase of 91%, a six-fold increase in profit compared to 2020. Industry insiders believe that in 2024, Kumho Tire's performance continued to grow rapidly, mainly due to breakthrough progress in market expansion, product innovation, and capacity layout.
February 07,2025
Yokohama Rubber Co. (YRC) has completed the acquisition of Goodyear’s off-the-road (OTR) tire business, valued at $905 million (€878 million), the Japanese group reported 4 Feb.
February 04,2025
Recently, the opening ceremony of the Michelin Tire national logistics center warehouse was grandly held, marking another important layout of Michelin in the Chinese market.
January 24,2025
According to data released by the General Administration of Customs of China on January 18, China's rubber tire exports reached 9.32 million tons in 2024, a year-on-year increase of 5.2%; the export value was 164.5 billion yuan, a year-on-year increase of 5.6%.
January 21,2025
Recently, Egypt’s prime minister Mostafa Madbouly held a meeting with Wang Jianjun, party secretary and executive director of China National Tire & Rubber (CNTR), and Sun Ding, deputy general manager, in the New Administrative Capital. The two sides exchanged views on investment in Egypt's tire industry.
January 17,2025
On January 11, 2025, the 8th Boao Enterprise Forum was grandly held in Hainan. Michelin China won the "2024 ESG Energy Saving and Carbon Reduction Innovation Enterprise" award for its outstanding performance in green tires, smart services and green factory construction. At the same time, Michelin China and Mongolia president and CEO Matthew Ye was named one of the "Top Ten Influential People of 2024" for his leadership in promoting green innovation and low-carbon development. These two honors recognize Michelin China's outstanding contributions and extraordinary influence in environmental protection and sustainable development.
January 14,2025
On January 12, the groundbreaking ceremony of the Wanli Tire Cambodia production base under Guangzhou Industrial Investment Holdings Group (GIIHG) was held in the New Bavet Special Economic Zone in Svay Rieng Province, Cambodia.
January 11,2025
In recent years, the demand for off-the-road tires has continued to grow. According to relevant research statistics, the scale of the global off-the-road tire market has shown a steady expansion trend. Driven by strong global demand, China's OTR tire market has continued to develop in recent years, and major tire companies have increased their investment in this field.
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