China's tire production capacity layout "inside and outside the difference"

Jan 05,2019

A few days ago, at an industry conference, China Rubber Industry Association Tire Branch Chairman, Chairman of Double Star Group, Chai Yongsen, summarized the major capacity changes in China's tire industry.

Frequent domestic mergers and reorganizations

According to Chai Yongsen, by the end of 2017, a total of 7.3 million backward bias tire production capacity and 18 million ordinary radial tire production capacity had been eliminated nationwide.

Among them, 10 million all-steel tire capacity and 8 million semi-steel tire capacity were eliminated.

A total of 10 tire factories have been eliminated from the market.

In addition, only a region in Shandong, there have been 10 enterprises to complete the merger and reorganization, and some are being implemented.

Overseas factories become the wind

Chai Yongsen said, China's tire industry in the transformation and upgrading, mergers and acquisitions, dissolving backward production capacity at the same time, but also actively out of the country to invest in factories.

At present, Sailun Jinyu, Linglong, in the policy, Sen Kirin's overseas factories, the development of good momentum, the release of production capacity was a double-digit growth, double money Thailand plant has also been put into production.

At the same time, Guizhou tire plans to build a plant in Vietnam, triangle, Sen Kirin open the U.S. plant plans, Poulin Chengshan planning to set up a plant in Malaysia, Linglong Tire began planning to build a plant in Europe.

In addition, there are a number of domestic tire manufacturers, but also actively "go out".

Chai Yongsen believes that tire companies by going abroad to build factories, not only to expand the new market to achieve international development, but also to avoid trade friction, to enhance the influence and competitiveness of Chinese tires in the global market.