2018-E-NEWS NO.01

News Express :

According to the latest data released by the China Automobile Association, the production and sales of automobile in 2018 were decreased by 4.2% and 2.8% respectively compared with last year. Negative growth for the first time in more than two decades has plunged the industry into pessimism.

On January 10, the good news came from Fengshen Tire Co., Ltd., the company invested 210,000,000 RMB in the global tire research and development center officially started.

Recently, Tianjin Pengling Group Co., Ltd. issued an official announcement that it will acquire another rubber enterprise, Hebei Xinou Auto Parts Technology Co., Ltd. The main business of Hebei Xinou Auto Parts Technology Co., Ltd. is the production of automotive sealing strip.

Zhongce achieved sales revenue of 26,700,000,000 RMB in 2018, increased by 5.32% compared with last year. Total steel tire sales exceeded 19,000,000 units, semi-steel tire sales increased by more than 12% to 36,570,000 units, oblique tire sales increased by nearly 5% to 3,330,000 units.

In 2018, the rubber industry has made remarkable achievements in environmental protection and green production. Tire enterprises have increased their investment in environmental protection, focusing on green design, green process and green supply chain throughout the whole production process. The rubber additive industry attaches importance to source treatment and end treatment, basically solving the problem of high salt organic wastewater in the industry. The carbon black industry has vigorously promoted the "three wastes" treatment technology to realize the comprehensive utilization of ultra-low emission of boiler flue gas and exhaust gas power generation, and the comprehensive utilization of waste rubber industry has actively carried out green transformation. In particular, the renewable rubber industry has been constantly reforming the production process, from the source to reduce emissions, atmospheric continuous desulfurization equipment has been more applications, the level of automation has been significantly improved.

Auxiliary profit level is still online! Yanggu Huatai Chemical Co., Ltd., a maker of auxiliary chemicals, announced on Jan. 21 that its net profit attributable to shareholders in 2018 would be 356,000,000-397,000,000 RMB, increased by 75%-95% from 204,000,000 RMB of last year.

Sailun Group reported good news and doubled its profit. On January 22, Sailun Group Co., Ltd. announced that its operating performance in 2018 has increased significantly compared with the previous year, in which the net profit attributable to shareholders of the listed company increased by 101.88%, with an estimated increase of 336,000,000 RMB.

On January 28, the world's first natural rubber options were officially listed on the Shanghai futures exchange. Shanghai natural rubber futures market has become the largest natural rubber futures market in the world, and has played an active role in price discovery and hedging for related industries.

The expansion project of Shangshun Chemical, a well-known rubber additive manufacturer in China, has been approved by the government. The new production line will begin trial operation soon. Upon completion of the project, the TBBS of Shangshun Chemical will have an annual production capacity of 30,000 tons.

January 23, Hubei Linglong Tire phase I project, is expected to put into operation in April this year. In late August 2018, Hubei Linglong Tire Project officially started pile foundation construction. With a total investment of 5,400,000,000 RMB, the company aims to build 14,460,000 sets of high-performance radial tire production lines annually.

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