China Rubber Oil Summit targets global market

The 7th China International Rubber Oil Summit 2016 will take place from April 6 to 8 in Hangzhou, China.

It will serve as a bridge between RPO producers, traders and end users worldwide with a foothold in the local market. Meanwhile, the special RPO Spring Trade Fair will also be held simultaneously.

China’s tyre industry was beset with troubles at home and abroad in 2015, including trade barriers like antidumping and countervailing duties from the US and antidumping duties from the Eurasian Economic Commission, as well as major changes in production like bankruptcy of Deruibo Tyre and Capital Tyre and the shutdown of Giti Chongqing factory.

Meanwhile, as China’s national standards for compounded rubber took effect on July 1, 2015, the new criteria and changes in natural rubber tariffs placed the industry under cost pressure.

In 2015, the Chinese tyre industry made significant progress in overseas expansion: on May 28, 2015, the first TBR tyre at LLIT, the first overseas manufacturing base of Linglong Tyre, was off the assembly line successfully. In November, Doublestar’s plan to set up a new tyre plant in Kazakhstan, the first overseas manufacturing base of Doublestar, was approved by the local government. Other domestic tyre manufacturers owning overseas factories are Sailun Jinyu, Zhongce, Sentury and O’Green.

Apart from tyres, other downstream sectors like shoe materials, modified bitumen, TPE/TPR, vaseline, hot melt adhesives and lubricant blendstock are also taking part in the event.

To facilitate target customers, the trade fair will set three separate zones – overseas RPO suppliers zone, domestic RPO suppliers zone and downstream buyers zone.