2019-E-NEWS NO.12

News Express :

▲ Thermax N990 carbon black:improves the sealing performance of hydrogen fuel cell elastomer. The use of Thermax N990 carbon black and the matching of relevant materials can significantly improve the processing performance and improve the airtight performance, thus providing safe and stable elastomer seals and pipelines.

▲Himile Mechanical Science and Technology (Shandong) Co., Ltd. released the report of third quarter of 2019. In the first three quarters of the year, its operating income reached 3,136,000,000 RMB, increased by 18.11% compared with last year, and its return profit reached 650,000,000 RMB, increased by12.78% compared with year.

▲Qingdao Doublestar Rubber & Plastic Machinery Co., Ltd. released third-quarter report. According to the financial report, Qingdao Doublestar achieved the revenue of 977,000,000 RMB in the third quarter, increased by 7.26% compared with last year (the same below). In the first three quarters, the company realized operating revenue of 3,136,000,000 RMB, increased by 8.65%, and net profit attributable to shares of 28,961,400 RMB, decreased by 46.26%.

▲According to the General Administration of Customs of China, NR and SR (including latex) imports of October 2019 reached 500,000 tons, making the total import amount from January to S October 5,213,000 tons. In 2018, a total of 5,667,000 tons were shipped in the same period, decreased by 8% compared with last year.

▲Shuangqian Group (Xinjiang) Kunlun Tire Co., Ltd. "1.2 million high performance all-steel heavy-duty radial tires per year" technical renovation project (referred to as "phase ii 120 project") has been completed and will be delivered by the end of 2019. A new intelligent manufacturing plant will be built in northwest China. After the official operation, the company will have the production capacity of 2,200,000 units of all-steel truck radial tires, 1,200,000 sets of skew tires (including 200,000 engineering tires and large agricultural machinery tires), and the annual sales revenue will reach 4,000,000,000 RMB.

▲Doublestar signed a joint venture agreement with Pakistan MSD Tire and Rubber Corporation and Daewoo Pakistan Bus Services Limited at the office of the prime minister in Islamabad, Pakistan. The three parties will jointly establish a joint venture company, with technical support and equipment provided by Doublestar, to build a tire factory with an annual output of 7,000,000 units of radial tires in Pakistan. Among them, the total investment of the first phase is about 220,000,000 dollars, with the annual output of 1,000,000 sets of truck and bus tires and 3,000,000 sets of passenger tires. This is the first joint venture tire plant built by a Chinese tire company in Pakistan.

▲Chaoyang Longma Tire Co. Ltd. and Service Industries Ltd. Pakistan signed a joint venture in Lahore, Pakistan. The agreement is a joint venture between Chaoyang Longma Tire Co., Ltd. and Service Industries Ltd. Pakistan to manufacture all-steel radial tires for trucks and buses in Pakistan. The project had a planned total investment of 250,000,000 dollars and an initial investment of 100,000,000 dollars, will be located in Pakistan's Sindh Province.
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