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Auto industry grapples with multiple forces shaking up business
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DETROIT—It's an exciting time to be in the automotive industry, but that also means there's plenty of uncertainty to go around.With trade relations going under the knife, emerging vehicle...
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DETROIT—It's an exciting time to be in the automotive industry, but that also means there's plenty of uncertainty to go around. DETROIT—It's an exciting time to be in the automotive industry, but that also means there's plenty of uncertainty to go around. $DETROIT—It's an exciting time to be in the automotive industry, but that also means there's plenty of uncertainty to go around.
Bridgestone to expand Tennessee truck tire plant
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MORRISON, Tenn.—Bridgestone Americas Inc. is planning to break ground later this year on an expansion that will increase capacity at its Warren County, Tenn., truck/bus tire plant by about 8 ...
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MORRISON, Tenn.—Bridgestone Americas is planning to break ground later this year on an expansion that will increase capacity at its Warren County, Tenn., truck/bus tire plant by about 8 percent. MORRISON, Tenn.—Bridgestone Americas is planning to break ground later this year on an expansion that will increase capacity at its Warren County, Tenn., truck/bus tire plant by about 8 percent. $MORRISON, Tenn.—Bridgestone Americas is planning to break ground later this year on an expansion that will increase capacity at its Warren County, Tenn., truck/bus tire plant by about 8 percent.
Coker Tire CEO Wade Kawasaki, investor group take ownership of company
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CHATTANOOGA, Tenn.—A group of Coker Group executives, led by President and CEO Wade Kawasaki, has partnered with Irving Place Capital to acquire the supplier of collector car and motorcycle...
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CHATTANOOGA, Tenn.—A group of Coker Group executives, led by President and CEO Wade Kawasaki, has partnered with Irving Place Capital to acquire the supplier of collector car and motorcycle tires and wheels. CHATTANOOGA, Tenn.—A group of Coker Group executives, led by President and CEO Wade Kawasaki, has partnered with Irving Place Capital to acquire the supplier of collector car and motorcycle tires and wheels. $CHATTANOOGA, Tenn.—A group of Coker Group executives, led by President and CEO Wade Kawasaki, has partnered with Irving Place Capital to acquire the supplier of collector car and motorcycle tires and wheels.
New technology may separate ethylene from ethane more efficiently
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SAN ANTONIO—Researchers are finding unusual ways to cut the production cost for ethylene. Cracking naphtha from crude oil is an important ethylene production route. However, this reaction...
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SAN ANTONIO—Researchers are finding unusual ways to cut the production cost for ethylene. SAN ANTONIO—Researchers are finding unusual ways to cut the production cost for ethylene. $SAN ANTONIO—Researchers are finding unusual ways to cut the production cost for ethylene.
Photos: Semperit expands Czech hose plant
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VIENNA—The Semperit Group invested $30.4 million in an expansion at the Semperflex Optimit s.r.o. location in Odry, Czech Republic. The expansion increases production capacity to 109...
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VIENNA—The Semperit Group invested $30.4 million in an expansion at the Semperflex Optimit location in Odry, Czech Republic. VIENNA—The Semperit Group invested $30.4 million in an expansion at the Semperflex Optimit location in Odry, Czech Republic. $VIENNA—The Semperit Group invested $30.4 million in an expansion at the Semperflex Optimit location in Odry, Czech Republic.
Toyoda Gosei expands in China with acquisition of Hubei Rock
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KIYOSU, Japan—Toyoda Gosei Co. Ltd. is purchasing a majority stake in Hubei Rock Rubber and Seal Technology Co. Ltd. to strengthen its automotive parts business in China. The deal is...
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KIYOSU, Japan—Toyoda Gosei is purchasing a majority stake in Hubei Rock Rubber and Seal Technology to strengthen its automotive parts business in China. KIYOSU, Japan—Toyoda Gosei is purchasing a majority stake in Hubei Rock Rubber and Seal Technology to strengthen its automotive parts business in China. $KIYOSU, Japan—Toyoda Gosei is purchasing a majority stake in Hubei Rock Rubber and Seal Technology to strengthen its automotive parts business in China.
Continental completes NVH footprint with Cooper Standard deal
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NOVI, Mich.—Certain opportunities are just too perfect to pass up. Continental A.G.'s Vibration Control business, which produces anti-vibration parts like engine mounts for the automotive...
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NOVI, Mich.—Continental's Vibration Controls business has agreed to acquire Cooper Standard's Anti-Vibration Systems business for $265.5 million, subject to closing conditions and antitrust approval in the relevant countries. NOVI, Mich.—Continental's Vibration Controls business has agreed to acquire Cooper Standard's Anti-Vibration Systems business for $265.5 million, subject to closing conditions and antitrust approval in the relevant countries. $NOVI, Mich.—Continental's Vibration Controls business has agreed to acquire Cooper Standard's Anti-Vibration Systems business for $265.5 million, subject to closing conditions and antitrust approval in the relevant countries.
DuPont to build $80 million plant in China
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ZHANGJIAGANG, China—DuPont Transportation & Advanced Polymers is investing more than $80 million to build a new manufacturing facility in Zhangjiagang that will produce "compounded high-...
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ZHANGJIAGANG, China—DuPont Transportation & Advanced Polymers is investing more than $80 million to build a new manufacturing facility in Zhangjiagang that will produce "compounded high-end engineering plastics and adhesives." ZHANGJIAGANG, China—DuPont Transportation & Advanced Polymers is investing more than $80 million to build a new manufacturing facility in Zhangjiagang that will produce "compounded high-end engineering plastics and adhesives." $ZHANGJIAGANG, China—DuPont Transportation & Advanced Polymers is investing more than $80 million to build a new manufacturing facility in Zhangjiagang that will produce "compounded high-end engineering plastics and adhesives."
Japan's auto makers wonder how to go more 'local' under USMCA
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TOKYO—North America's auto makers face a new reality of sourcing vehicle content under the free-trade deal agreed to by the U.S., Canada and Mexico. But for Japan's auto companies, the...
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TOKYO—North America's auto makers face a new reality of sourcing vehicle content under the free-trade deal agreed to by the U.S., Canada and Mexico. But for Japan's auto companies, the moment is particularly worrisome. TOKYO—North America's auto makers face a new reality of sourcing vehicle content under the free-trade deal agreed to by the U.S., Canada and Mexico. But for Japan's auto companies, the moment is particularly worrisome. $TOKYO—North America's auto makers face a new reality of sourcing vehicle content under the free-trade deal agreed to by the U.S., Canada and Mexico. But for Japan's auto companies, the moment is particularly worrisome.
BKT plans $100 million investment for U.S. tire plant
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MAHARASHTRA, India—Off-highway tire manufacturer Balkrishna Industries Ltd. (BKT) is budgeting $100 million for the plant it is planning to build in the U.S., the company disclosed in a Nov. ...
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MAHARASHTRA, India—Off-highway tire manufacturer Balkrishna Industries is budgeting $100 million for the plant it is planning to build in the U.S. MAHARASHTRA, India—Off-highway tire manufacturer Balkrishna Industries is budgeting $100 million for the plant it is planning to build in the U.S. $MAHARASHTRA, India—Off-highway tire manufacturer Balkrishna Industries is budgeting $100 million for the plant it is planning to build in the U.S.
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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