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Under 40: Rubber industry full of young, promising talent
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There's no denying that the rubber industry needs to attract more young, qualified people. But look closely and you'll find plenty already embracing what it has to offer. That's what the...
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There's no denying that the rubber industry needs to attract more young, qualified people. But look closely and you'll find plenty already embracing what it has to offer. Throughout the next two weeks, we'll introduce you to 28 of those up-and-comers with our Under 40 project. There's no denying that the rubber industry needs to attract more young, qualified people. But look closely and you'll find plenty already embracing what it has to offer. Throughout the next two weeks, we'll introduce you to 28 of those up-and-comers with our Under 40 project. $There's no denying that the rubber industry needs to attract more young, qualified people. But look closely and you'll find plenty already embracing what it has to offer. Throughout the next two weeks, we'll introduce you to 28 of those up-and-comers with our Under 40 project.
Conti to test driverless vehicle this year
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HANOVER, Germany—Continental A.G. has advanced its driverless vehicle technology with the development of a demo vehicle it calls CUbE.In a July 20 news release, the German technology...
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HANOVER, Germany—Continental has advanced its driverless vehicle technology with the development of a demo vehicle it calls CUbE. HANOVER, Germany—Continental has advanced its driverless vehicle technology with the development of a demo vehicle it calls CUbE. $HANOVER, Germany—Continental has advanced its driverless vehicle technology with the development of a demo vehicle it calls CUbE.
Autonomous technology driving vehicle design
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TROY, Mich.—Mobility always has been at the core of the automotive industry, and now it's also about to rock that same core. Autonomous vehicles are on the horizon. And even if that horizon ...
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TROY, Mich.—Autonomous vehicles are on the horizon. And even if that horizon is distant, the industry is preparing to design a new world where millions of people would gain access to the road if the technology can be brought to the mainstream. TROY, Mich.—Autonomous vehicles are on the horizon. And even if that horizon is distant, the industry is preparing to design a new world where millions of people would gain access to the road if the technology can be brought to the mainstream. $ TROY, Mich.—Autonomous vehicles are on the horizon. And even if that horizon is distant, the industry is preparing to design a new world where millions of people would gain access to the road if the technology can be brought to the mainstream.
Arab investment firm partners with Nexen
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ABU DHABI, United Arab Emirates—Mubadala Investment Co., an Abu Dhabi-based strategic investment fund, has made an equity investment in Nexen Tire Corp. and struck a deal with the South...
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ABU DHABI, United Arab Emirates—Mubadala Investment has made an equity investment in Nexen and struck a deal with the South Korean tire maker to "explore strategic partnership opportunities." ABU DHABI, United Arab Emirates—Mubadala Investment has made an equity investment in Nexen and struck a deal with the South Korean tire maker to "explore strategic partnership opportunities." $ABU DHABI, United Arab Emirates—Mubadala Investment has made an equity investment in Nexen and struck a deal with the South Korean tire maker to "explore strategic partnership opportunities."
Rubber rankings top 6 unchanged, but sales slide
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The top echelon of the North American rubber product manufacturing industry stayed intact during 2016, with the top six firms holding the same spots as 2015 and only one newcomer to the top 10....
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The top echelon of the North American rubber product manufacturing industry stayed intact during 2016, with the top six firms holding the same spots as 2015 and only one newcomer to the top 10. The top echelon of the North American rubber product manufacturing industry stayed intact during 2016, with the top six firms holding the same spots as 2015 and only one newcomer to the top 10. $The top echelon of the North American rubber product manufacturing industry stayed intact during 2016, with the top six firms holding the same spots as 2015 and only one newcomer to the top 10.
Business, labor groups react to USTR's NAFTA priorities
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WASHINGTON—A modernized North American Free Trade Agreement, ensuring the highest fair trade standards covering the broadest possible range of goods and services, is the Trump...
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WASHINGTON—The Office of the U.S. Trade Representative released its "Summary of Objectives for the NAFTA Renegotiation." The document was greeted by a wide range of comments from organizations and associations. WASHINGTON—The Office of the U.S. Trade Representative released its "Summary of Objectives for the NAFTA Renegotiation." The document was greeted by a wide range of comments from organizations and associations. $WASHINGTON—The Office of the U.S. Trade Representative released its "Summary of Objectives for the NAFTA Renegotiation." The document was greeted by a wide range of comments from organizations and associations.
Nexen sponsoring Euro soccer teams' U.S. tour
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SEOUL, South Korea—Nexen will be a sponsor of the 2017 International Champions Cup tour, which features a dozen matches between leading European soccer teams at U.S. stadiums July 19-30....
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SEOUL, South Korea—Nexen will be a sponsor of the 2017 International Champions Cup tour, which features a dozen matches between leading European soccer teams at U.S. stadiums. SEOUL, South Korea—Nexen will be a sponsor of the 2017 International Champions Cup tour, which features a dozen matches between leading European soccer teams at U.S. stadiums. $SEOUL, South Korea—Nexen will be a sponsor of the 2017 International Champions Cup tour, which features a dozen matches between leading European soccer teams at U.S. stadiums.
Toyoda Gosei expands Fluid Systems unit
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BRIGHTON, Mich.—A Toyoda Gosei Co. Ltd. subsidiary is about to get a whole lot bigger.TG Fluid Systems USA Corp. has begun construction of a 62,000-sq.-ft. addition to its manufacturing...
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BRIGHTON, Mich.—A Toyoda Gosei subsidiary is about to get a whole lot bigger with a 62,000-sq.-ft. addition. BRIGHTON, Mich.—A Toyoda Gosei subsidiary is about to get a whole lot bigger with a 62,000-sq.-ft. addition. $BRIGHTON, Mich.—A Toyoda Gosei subsidiary is about to get a whole lot bigger with a 62,000-sq.-ft. addition.
Bridgestone invests in proactive ride technology with ClearMotion
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NASHVILLE, Tenn.—Bridgestone Americas Inc. has invested in ClearMotion Inc. to incorporate road-sensing technology into its products to build a smoother ride. Bridgestone will work with...
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NASHVILLE, Tenn.—Bridgestone Americas has invested in ClearMotion to incorporate road-sensing technology into its products to build a smoother ride. NASHVILLE, Tenn.—Bridgestone Americas has invested in ClearMotion to incorporate road-sensing technology into its products to build a smoother ride. $NASHVILLE, Tenn.—Bridgestone Americas has invested in ClearMotion to incorporate road-sensing technology into its products to build a smoother ride.
Editorial: Both sides presented plausible accounts to ITC in ESBR case
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The investigation of emulsion SBR imports at the International Trade Commission featured a fairly typical set of plausible but mutually exclusive arguments. Lion Elastomers L.L.C., the one...
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The rubber industry is a complex one, ruled by proprietary research and development, delicate deal making, and an unavoidable, unpredictable human factor. The rubber industry is a complex one, ruled by proprietary research and development, delicate deal making, and an unavoidable, unpredictable human factor. $The rubber industry is a complex one, ruled by proprietary research and development, delicate deal making, and an unavoidable, unpredictable human factor.
Digital Edition
Digital Edition
Published on September 4, 2006

China building its tire-making prowess

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Date Published September 4, 2006
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China's growing impact on the global tire industry is clearly visible in the latest numbers.

This year, 17 Chinese tire manufacturers made Rubber & Plastics News' listing of the world's 75 largest companies. Collectively, those firms represent $6.4 billion in sales, or more than 6 percent of the estimated global tire business.

The list includes the first billion-dollar tire manufacturer in China, GITI Tire Co. Ltd. The collective of six individual Chinese tire makers has its headquarters in Singapore.

>From mid-2005 to mid-2006, expansion projects totaling more than $900 million in China were disclosed by both Chinese and international tire companies. In the past four years, capital spending in the nation totaled nearly $3.5 billion. At the same time, the Chinese government has put a hold on all bias-ply tire plant investments.

There are now 196 tire plants in China with a U.S. Department of Transportation tire plant code, necessary for selling tires in the U.S. The list includes 61 DOT codes issued in just the past 18 months.

Add in the production of industrial, motorcycle, scooter and other specialty tires, and China's impact grows even more.

Included in the DOT code total are 20 tire factories operated by 13 non-Chinese tire makers. They collectively represent another $2 billion to $3 billion in sales.

The legion of U.S., European and Asian companies operating in China also continues to grow. The group is led by Bridgestone Corp. and Cheng Shin/Maxxis International with three plants, followed by Michelin, Hankook Tire Co. Ltd. and Kenda Rubber Industrial Co. Ltd., each having two.

With Cooper Tire & Rubber Co. and Pirelli & C. S.p.A. each buying into Chinese tire makers in the past year, and Yokohama Rubber Co. Ltd. breaking ground on its first Chinese factory, only Continental A.G. among the world's top dozen tire makers is not present in China. Conti, however, has stated repeatedly it is negotiating in China for a partner and/or acquisition.

Hankook has the largest tire production capacity (passenger and commercial vehicles) of the group. Its factories in China are capable of producing 19.9 million tires annually.

Industry sources indicate there are more than 300 tire plants active in China, although a measurable percentage of them make only bicycle or scooter tires and tubes.

Taking just the major tire categories-passenger, light truck and medium truck/bus-China is the third largest producer in the world and perhaps the No. 1 exporter.

The country already ranks as the largest source of imported truck/bus tires in the U.S. and is No. 2 in both passenger and light truck tires. China also is now the largest consumer of rubber in the world, having eclipsed the U.S. two years ago.

The growth is prompting suppliers to the tire industry to expand as well.

A case in point is PetroChina Co. Ltd.-a former state-owned chemical concern now operating independently.

Last April while attending the International Institute of Synthetic Rubber Producers meeting in Barcelona, Spain, Wang Guilun, technology officer in the synthetic rubber area of PetroChina, disclosed the firm's ambitions. The company plans to more-than double its production capacity for synthetic rubber during the next four years by opening as many as five factories in China, he said.

PetroChina operates five synthetic rubber plants in China producing more than 400,000 metric tons of rubber a year. The new factories PetroChina is planning will add 530,000 tons a year to the company's production mix, Guilun said, with nearly all of the output dedicated to domestic Chinese use.

SR production in China hit 1.63 million tons last year, Guilun said, but the country still had to import about 1.2 million tons to satisfy demand.

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