On April 12, Shougang Concord Century Holdings Limited and relevant departments of Tengzhou Municipal Government reached a preliminary consensus and signed a memorandum of understanding that Shougang Concord Century would invest to build a steel cord production line with the annual output of 100,000 tons in the first half of this year, including building a yellow wire (semi-finished or products in process of steel cord) production line with the annual output of 20,000 tons.The Eastern Steel Cord

The Office of the U.S. Trade Representative (USTR) released a proposedfourth Section 301 tariff liston approximately $300 billion worth of importsfrom China that may be subject to additional tariffs.The notice includes 3,805 product categories that could be subject to an additional tariff of up to 25% ad valorem. This list covers essentially all imports from China that are not currently covered on aprevious Section 301 list,according to the Auto Care Association.The fourth list is the latest to

China plans to raise tariffs on $60 billion of U.S. goods as retaliation to the U.S. decision to hike tariffs on Chinese goods, the Chinese Finance Ministry announced May 13.Beijing will increase tariffs on more than 5,000 products to as high as 25%, and duties on other goods will increase to 20%.According to CNBC.com, the Chinese Finance Ministry’s retaliation announcementshot down major U.S. stock indexesmore than 2% May 13.The U.S. announced May 8that it would raise tariffs on $200 billion w

Doublestar is to acquire Hengyu Technology for 899 million yuan (US$130m). As part of the purchase, the company plans to upgrade Hengyu Technology’s production equipment and streamline processes.Guangrao County, where Hengyu Technology is based, is famously the tire capital of China. However, with the structural overcapacity, export and environmental protection issues becoming more and more prominent in recent years, companies with big developments of large-scale, low-end production capacity ha

On February 24, MESNAC and China Hainan Rubber Industry Group Co., Ltd. officially signed a Strategic Cooperation Agreement. The two parties will give full play to their own advantages and cooperate in fields like research development, manufacturing upgrading, industrial fund investment, etc., with a view to promoting the optimization and upgrading of the whole rubber industry.According to the agreement content, cooperation directions of the two enterprises include military-civilianintegration,

On February 19, Jiangxi Blackcat Carbon Black Inc., Ltd. signed a strategic cooperation agreement with China’s major coking enterprise, China Xuyang Group Co., Ltd.According to the agreement content, the two parties will continue to carry out more in-depth cooperation in supply and demand business of tar and anthracene oil that are necessary for carbon black production. In addition, the existing industrial naphthalene products of Blackcat Carbon Black can be used by Xuyang Group. For this end,

The International Tripartite Rubber Council (ITRC), comprising Thailand, Indonesia, and Malaysia, announced plans to reduce rubber exports by 240,000 tonnes for a period of four months beginning April 1, 2019 to boost the price of the commodity.The decision to this effect was taken at a meeting of the council held in Bangkok on March 4-5 to finalise the implementation details of the Sixth Agreed Export Tonnage Scheme (AETS).The cut in rubber exports is expected to check further fall in NR prices

Eighteen months afteron its first North American tire facility, Nokian Tyres P.L.C. is on schedule to begin producing tires commercially by early 2020.The Finnish tire maker said the hiring process is under way, with 200 of the facility's 400 employees expected to be working by year-end. Peter Chia, Dayton factory operations director, cited the tremendous collaboration among several involved parties for keeping the project on schedule. When we were recruiting this project, our goal was to st

QINGDAO, Shandong—Chinese machinery maker Mesnac and natural rubber supplier Hainan Rubber have entered a three-year strategic partnership.The two parties will join forces in the research and development of rubber materials and products as well as smart manufacturing, according to a Mesnac statement. The companies also plan to set up an industrial fund to invest in related areas.Under the partnership, Mesnac and Hainan Rubber will establish a national laboratory for natural and synthetic rubber

ZC Rubber has announced that it will introduce a series of new commercial and consumer tyres in 2019. Covering European TBR and PCR tyre markets, the new products have been designed to meet local customer demands, the manufacturer states.Marked M+S, the newly introduced second generation of Westlake tyres is designed for fitment on trucks and buses driving on icy and snowy winter roads, ZC Rubber states. The tyres represent an upgrade of the first generation Westlake commercial tyres, adding lat

The two orders issued by the Department of Commerce will likely be published in the Federal Register early next week and deposits for these duties will begin to be collected from Chinese truck and bus tire manufacturers by the end of next week, according to the Tire Retread and Information Bureau (TRIB).The countervailing duties are set at three rates: 20.98%, 42.16% and 63.34%, depending on the manufacturer.The estimated weighted average antidumping rates are set at either 9% or 22.57%, dependi

Brenntag, a chemical distributor, signed an agreement to acquire the lubricants division of Reeder Distributors Inc., a regional, integrated lubricant distributor in Fort Worth.Reeder's lubricants division generates sales of about $60 million each year.Brenntag did not disclose details of the deal, but noted that Reeder's fuel and equipment divisions are not part of the acquisition. The transaction is subject to conditions and is expected to close in the first quarter of 2019.Geographica

Many high-end truck fleets use Huaan tires in Mexico to save money and labor cost. Now the available sizes are 11R22.5 and 295/80R22.5 for Mexico.Huaan tire is expected to be hot products in the Mexico. The end cusotmers use Huaan tires instead of Bridgestone and Sumitoto. “At first glance, Huaan tire is very beautiful. The sidewall is very stronger than other Chinese brand tires” one of customer comment Huaan tire.Wish Huaan tire can serve more high-end customers. If you need premium tire in

Truck tires manufactured by Continental A.G. and Double Coin Holdings Ltd. ranked first and second in fuel-efficiency tests conducted by a Canadian non-profit that conducts research and technology transfer for the Canadian forest industry.The tests were conducted recently by PIT Group, a third-party research organization that is a division of FPInnovations, the Canadian-non-profit.Tires manufactured by Group Michelin came in third.PIT Group ran two comparison tests on steer, drive and trailer ti

Giti Tire Group is planning to relocate its passenger and truck tire plant in Hefei, Anhui Province, in alignment with a greener Yangtze River economic belt initiative.The Hefei plant, opened by Singapore-headquartered Giti in 1993, produces car, light truck and medium truck tires. Capacity is listed as 23 million units annually.According to a notice dated Dec. 29 on the provincial government's website, Giti is pushing forward the relocation plan to improve its environmental impact.Earlier,

On January 6, some tire companies announced that they would lifted their tire prices. These tire companies included Bridgestone Tire, Michelint Tire, Chengshin Tire, Yokohama Tire etc..Statistics showed that all these tire brands were both raising their tire prices 3% since January 1.Besides, Continental Tire China announced to rise ex-plant price from February.The company said with raw material price rising, tire manufacture cost was pushed up, which forced the company to raise price up.A tire

The trading center for Hainan international tropical agricultural products was inaugurated in Haikou, capital of south China's Hainan Province on December 18, 2018.On the same day, the Xinhua-HSF natural rubber series price indexes were released, consisting of concentrated latex price index, standard rubber (TSR20) price index, mixed rubber (20#) price index, and field latex price index.The series of indexes, compiled jointly by China Economic Information Service (CEIS) of Xinhua News Agency

Huaan tire reinforces its bead to against the overloading on poor road for Pakistan market.1100R20 18PR HRA58 Huaan tires are heavier 15KGS than other brand tires.According to the feedback of customer from Pakistan, Huaan tire reinforces its bead to against the overloading on poor road. Other brand tires of 1100R20 only have 68kg/set, but Huaan tire 1100R20 HRA58 reach 84kg/set. The tronger sidewall and bead of huaan tire can overcome overloading.If you always have tire problem from overloading,

Recently, China has been seriously affected by the virus. We believe thatChina has the confidence and capability to win the battle on the prevention and control of the pneumonia epidemic caused by the novel coronavirus.Now we will follow the government's orders and continue to work at home.All orders of tires will be arranged orderly in the future. Thanks for customer's understanding and patience.

The first China International Import Expo (CIIE) will be a great opportunity for global trade, the Pirelli CEO has said.The CIIE is going to be held on Nov. 5-10 in China's metropolis of Shanghai to show China's firm support for international trade liberalisation.I think (the CIIE) is a great opportunity to show the players in the global economic environment the opening of China to world trade, and it is also a contribution to the growth of the global market, said Marco Tronchetti Prover