Engineering fetal development of tire industry has become a new growth point

Due to China, Russia, Indonesia and North America and other countries and regions of coal, iron, copper demand caused by global engineering specifications of the acute shortage of tires, especially the large mining truck tire market demand, which works the world's child Manufacturers by surprise. Michelin, Bridgestone, Goodyear tires, and other giants of production at full capacity, still far from enough to meet demand. Domestic situation, all the major tire manufacturers of engineering products in short supply. At present, the world has set off a tire project investment, engineering fetal development of the tire industry has become a new growth point.

Hot off the global expansion

Tire manufacturers agreed that in recent years, the world's largest tire specifications of the project will be a very serious shortage. Bridgestone / Firestone tires the company projects sales manager said that the factory has the world's child works 24-hour full capacity, its supply is almost no growth potential. Michelin tire sales vice president of engineering said that in the past two years, the mining equipment market grew by more than 30%, lead to large-size mining tires with increasing demand. Goodyear believes that the growth in demand in recent years led to the project is a tremendous shortage of tires. Almost all the dealers around the world that works, and so is the sale of fetal hack-meters. Engineering has begun to impact the shortage of child mining, construction and other industries operate normally.

Make the business profitable tires for large mining tire market to respond rapidly to the demand, but also around the world set off an unprecedented project fetal thermal expansion. Michelin announced in early 2005, in Brazil CampoGrande investment 550,000,000 U.S. dollars project to build a tire factory, the production of 25 to 49-inch tires, plans to start the second quarter of 2007, the initial annual capacity of 40,000 tons, will eventually be expanded to 55,000 Tons. Michelin tire company in North America recently announced over the next five years will also be Lexington tire plant project to increase production capacity 50 percent, while Spain Vitorio tire plant expansion project will tire, so that the next three years, the global engineering Michelin tires to increase production capacity 34%. Bridgestone announced the expansion of metallurgy, construction and other engineering equipment and large-scale use of super-large radial tire production capacity, including the Shimonoseki plant engineering fetal capacity increased by 20% and raise the child Hofu plant engineering capacity, its total investment is estimated at 170 billion yen Million.

Shimonoseki plant expansion in the second half of 2005 and is expected in 2006 completed; Hofu plant expansion from the beginning of the second half of 2005, and will quickly form a production capacity. Goodyear also plans to invest 120,000,000 U.S. dollars on the Texas survey of agricultural tractors and pick-up tire plant project to modernize. Yokohama Rubber Company today announced that the investment will be 5,000,000,000 yen project to expand production capacity births, the expansion rate of 50%, in Japan the end of the city of New Road, a factory, the product line in November this year. 2009 is expected to be able to expand the project after the completion of the project a month's Yokohama Rubber tires consumption will be increased to 1620 tons, and currently only 1100 tons. Tan Tai International Co., Ltd. and Rodos Giants have also established partnerships with the mainland is to buy tires in the United States of Bryan, Ohio, tire plant project. India Apollo tire plant expansion project is also child and the search for OEM manufacturers in China.

Given the sustained fever

Chinese works of fetal growth rate in 2001 reached nearly 355 percent, from 2002 to 2005, still maintained a momentum of rapid development. China tire plant engineering good strong market demand for tires, many companies are expanding production capacity fetal projects, especially projects radial tire production capacity. Tire companies such as Shanghai, the Group of 30 cents in recent years in large-scale development projects and the expansion of radial tire production capacity. The last phase of the Triangle group ordered dozens sulfide child works, we can see the scale of the expansion. In addition Aeolus tires, Shandong Wanda, and so on a number of all-steel tire manufacturers also launched projects radial tire. In recent years, China radial tire project was the development of geometric progression, from 2002's 8, 2003 over 4000, 2004, 13100-2005 years more than 30,000 articles. In 2005, the Triangle group has an annual production capacity 40,000 radial tire production capacity of the project; the end of this year, the last round of the company will be formed an annual production capacity of 120,000. At the same time, Chinese mega-project development of the fetus is also very popular, such as Aeolus Tire Co., Ltd. continued expansion in recent years, capacity has exceeded 300,000; ho has just been formed in the South China Rubber Co., Ltd. also has ambitious expansion plans fetal giant, will be In September the formation of 400 / month capacity.

How long can the market fire

The child then works continue to heat for how long? Generally agreed that the tire company, in recent years, the project will tire production and sales booming, the boom will last two to three years or even longer. The non-ferrous metals such as copper prices on growth and huge demand for coal, the mining industry at present a huge market for new heavy-duty mining vehicles and equipment with the sharp increase in demand, leading to the birth of the project in the near future demand is difficult to shrink. Bridgestone aim at the large-scale expansion of the main metallurgical and construction equipment, large and super-large radial tire, the tire is expected that the management of the global expansion of the metallurgical industry, the demand trend will continue for several years. Engineering giant child births in particular the slow pace of production, and some specifications even one day can only produce a so even if the global tire plant projects are a 24-hour operation, it is difficult in the short term to meet the market demand. The fetal expansion project will require a longer period, the tire company to form a larger production capacity in most of the second half of 2007 or early 2008. Therefore, it is expected that by 2007, global engineering giant child in particular child will remain in short supply.

Because of engineering and engineering radial tire giant's demand, and the high cost of imports, these two types of projects are expected to continue high-speed development of the fetus, and will continue until 2008. Supporting medium-sized projects as a result of fetal manufacturers more in a few years ago has been rapid development in recent years, is expected to steady growth. Also due to China accounted for a small loader loader much lower than the proportion of the total Europe and the United States and other developed countries, the huge increase in space. Comprehensive analysis of the Chinese engineering fetal heat will continue until 2008, in particular, the project will be the Chinese radial tire industry a new economic growth point.