2021-E-NEWS NO.11

News Express :

▲Recently, the Department of Natural Resources of Jiangsu Province issued that Jiangsu Xingda Steel Tyre Cord Co., Ltd.'s "High Performance Radial Tire Steel Cord Expansion Project" Phase II 240 acres of land gap was approved, and the land use index was issued for the second phase of the project provided protection and gained time. It is understood that the second phase of the project plans to invest about 2,000,000,000 RMB. After the project is completed, it is expected to increase the annual production capacity of 350,000 tons of high-performance steel cord. By then, Xingda Company will be able to produce high-performance radial tire steel annually for 1,000,000 tons, realizing the "10 billion dream".

▲Following the successful development of "rare earth-metal" truck and bus tires, Doublestar company recently launched "full explosion-proof" safety tires for passenger cars. This new type of run-flat tire is a brand-new design concept and run-flat tire. It adopts a special formula and structure and breaks through five key technologies. It can achieve the perfect combination of carcass support + noise reduction + comfort. It has completely independent intellectual property rights. This tire is safer than ordinary tires, more comfortable and more fuel-efficient than ordinary run-flat tires and can meet the needs of users for run-flat functions. It is not only suitable for vehicles with ordinary run-flat tires, but also for vehicles with non-original run-flat tires and has a wide range of market promotion value.

▲On the evening of December 19, Sentury announced that it plans to raise 523,000,000 euros (approximately 3,748,000,000 RMB) in Spain to invest in a project with an annual output of 12,000,000 high-performance cars and light truck radial tires. According to the announcement, the project's products are high-performance semi-steel cars and light truck radial tires, with an annual production scale of 12,000,000. The construction period is 36 months. It is estimated that there will be 6,000,000 production capacity in 2024 and 12,000,000 production capacity in 2025.

▲On December 20th 2021, the General Administration of Customs released tire export data for November 2021. Data shows that in November 2021, China's rubber tire exports amounted to 670,000 tons, a month-on-month increase of 40,000 tons and a year-on-year increase of 7.2%. In the same month, the export value of rubber tires was 10,625,000,000 RMB, an increase of 15.5% year-on-year. Among them, the export volume of new pneumatic rubber tires was 650,000 tons, a month-on-month increase of 40,000 tons, a year-on-year increase of 7.4%; the export volume was 10,148,000,000 RMB, a year-on-year increase of 15.9%. The increase in the value of tire exports in November was more than twice the increase in the export volume. This shows that China's tire export prices have risen sharply year-on-year.

▲On December 21st, ZCRubber Group issued an announcement that the company officially changed the Chinese name of "Weishi Tire" under ZCRubber to "West Lake Tire". China Strategic Rubber will fully renew "WEST LAKE". As an important deployment of brand strategy, it is committed to building a global top brand, especially under the globalization layout, West Lake represents value recognition and national self-confidence.


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