Over 100 tire companies disappeared
On April 12, there have been 101 units of tire companies logged out since March 12，according to Tireworld'tistics.
Following are the companies logged out from March to April:
The logged-out companies are mainly tire sales companies, but also contains tire manufacturers such as Shandong Wanda Rubber, Anhui Fulun Tire, Shanxi Xingsheng Tire and so on.
A tire manufacturer's boss told Tireworld that integration in tire industry will speed up in 2019.
Actually, adding to 32 companies logged out during January to February, there have been 133 companied logging out in the past four months of 2019.
A logged-out tire sales agent told Tireworld that in 2018, the company made no profit. With deem future, he decided to quit out.
- Tireworld Insight: Domestic tire makers eye overseas expansion
- Tireworld Insight: Price disparity severe between China's rubber exports and imports
- Tireworld Insight: China tire exports dependent on US market performance
- Tireworld Insight: SHFE rubber expected to move in tight range in short-term
- Tireworld Insight: Rubber futures to test near-term resistance at 15,000 yuan/tonne
- Tireworld Insight: China’s tire industry on track of rapid growth
