World Tire Industry Focus on China: to the east go to China

"Young people, to the east, to China", the phrase has been in recent years as foreign tire manufacturers seek to broaden the international market Monitor, a summary of the full Chinese tires in the world tire industry's influence. In the United States last month, the just-concluded international Akron tire and rubber machinery exhibition (ITEC), the reporters feel full, the Chinese tire industry has become the world's most beautiful landscape and become the world's tire industry is at the center. Show the United States during the "rubber and plastic Newsweek" published by the world's top 75 tire, also illustrated this point.

"China Tire OK!"

This year's global top 75 tire shows that 75 of the total tire sales growth of 9 percent over the previous year, reaching about 101,000,000,000 U.S. dollars, of which Bridgestone, Michelin, Goodyear Big Three accounted for 53 percent, taking 77% of the ten . Chinese tire enterprises obvious progress, a total of 21 companies (including China Taiwan Province) into the 75-keung, 16 of them in mainland China. Despite the reduction, compared with last year 2, 16, the total business revenue reached 5,246,000,000 U.S. dollars, 7.7 percent increase over the previous year. CRAIN Media Group, vice president of ITEC Mr. BOB told reporters during the exhibition to introduce the Chinese tire industry and the development of the status quo has become a selling point for their magazine, several magazines have to arrange a certain number of each tire on China's report. Current "rubber and plastic Newsweek magazine," In particular, will enter the 75 Chinese companies list, and published articles on China's tire industry circumstances. Exhibition for the first time for China to open the exhibition hall, exhibition as a whole, the China Pavilion is the largest number of visitors. Many visitors have with the world's top 75 tire to the Chinese Pavilion, Shuqimuzhi said, "China Tire OK!"

Sales in the United States alone

U.S. tire market slump has seriously affected its tire production and imports. According to the U.S. Rubber Manufacturers Association, 1 May this year, the U.S. tire production fell 4.3 percent to 138,100,000, tire imports from the last few years of sustained double-digit growth, fell to the overall increase of just 1.5 percent. Most of the state's tire exports to the United States are declining, China is the only exception, an increase of 15.4 percent. According to the U.S. Department of Commerce statistics, from 1 to May this year, Chinese exports to the U.S. light truck tires 46.4 percent growth, reaching 2,300,000; fetal growth of 43.9 percent load, up to 2,100,000, becoming the nation's largest supplier of truck tires; by using fetal Growth of 2.8 percent, to 7,400,000, more than Japan become Canada's second largest after the supplier. From San Francisco to Chicago to Salt Lake City, and even to the Yellowstone Plateau, can be seen all over China-made tires. An interview with reporters of tire dealers say almost, China sell tires, tires sold China the most profitable, especially truck tires. Several dealers even complained that Chinese enterprises tire out of the total distribution system so that they can be difficult to get Chinese tires.

It is understood that in the United States by selling used tires is a wide cross-section tires, truck tires have a wide cross-section. As a result, many Chinese enterprises have tires in the light of market demand for the development of a wide cross-section tire varieties, it is estimated that sales in the United States a wide cross-section of the Chinese tire business at least 6. Chinese tire companies will be vital importance as the U.S. market. However, sales in the United States of Chinese tires, but rarely see Chinese brands, brand needs to be improved. Top Ten Chinese national brands can use their own brands in China's influence, direct sales of Chinese brands in the United States, the tire business is worth thinking.

Tire investment "hot spot"

Tire investment in China and the United States is the formation of冰火两重天. Due to the high U.S. labor costs, an aging plant equipment, trade negotiations and joint problems and other reasons, cross-tire companies are gradually reducing its investment in the United States or the closure of the factory. If the mainland to close the Charlotte, North Carolina plant, the closure of Lake Ontario Kitchner Michelin factories and reduce the Opelika, Alabama production plant and employees, Goodyear plans for next year to reduce the 1 / 3 of private label, Bridgestone plans to close down Oklahoma factory.

2005 was the largest number of foreign companies into China a year. Is the leader in China 4 of the Bridgestone tire plant and 3 is a new tire plant / Maxxis International; followed by 2 each factory Michelin, Hankook and build large rubber; Library Pirelli P and the acquisition of a Chinese tire enterprises, and more than 50% of the shares; Kumho in the expansion of the Nanjing Kumho, the Tianjin Kumho start Changchun and Kumho projects; Yokohama in the first Chinese factories Begin. GXP's recent acquisition of a U.S. tire plant in Hebei. Tires in the world top 10, has not only left the mainland to set up factories in China. However, the company announced the beginning of this year, 300,000,000 euros will be invested in the Chinese tire factory building and the establishment of the Asia-Pacific headquarters in Shanghai. In the foreign legion, Hankook's largest production capacity in China, 2 of the total factory production capacity to 19,900,000.

Preliminary statistics show that by 2005 the new world / light truck tires and 100,000 truck tires 10,000 Nissan's ability to add one of the major truck tire in China. Chinese tires in 2005 is estimated investment of 1.3 billion to 1.5 billion (including foreign investment). Good tire expansion project in China of about 3 billion U.S. dollars, Pirelli in Yanzhou, Shandong project about 180,000,000 U.S. dollars, Bridgestone Huizhou in the 4th and tire plant in Wuxi investment in the technology center of 100,000,000 U.S. dollars more than the Treasury Perkin Chengshan joint venture in about 80,000,000 U.S. dollars, in Guangzhou, South China tire plant and a new cluster of old plant expansion project of about 1 billion U.S. dollars, Wu Guilin, south China's bias tire expansion projects and new tires on the steel works project of about 60,000,000 U.S., and so on. China is seeking to become the object of international capital, a hot spot for investment in the tire, the tire at the center of the world.

At present, China is still a very small number of new tire plant one of the countries, China at the same time the efficiency of the new plant in Europe and America than those who use the old equipment to the high efficiency of the plant. China's huge market demand, low labor costs and cheap equipment tires in the world to form a strong investment appeal. As a result, the U.S. media believe that in the near future, China will overtake the U.S. tire production.