China tire industry's net slid 50%

During January 23-25, China Rubber Industry Association Meeting was held in Beijing.

On the meeting ,Shi Yifeng, general manager of China Rubber Industry Association made a speech about industry operation.

In the first eleven months of 2017, production of 41 members in China Rubber Industry Association year-on-year rose by 7.87%. Amongst, radial tire production rose by 9.1%, full-steel tire production rose by 7.31% and half-steel tire production up 9.7%.

At the same time, China's tire production increased 5.35%. Separately divided， full-steel tire production increased 5.35%, and half-steel tire up 6.84%.

So far, tubeless full-steel radial tire production takes 45% of total tire production, and high-performance half-steel radial tire takes 40% of total tire production.

By the end of 2017, there has been 10 tire manufactures bailed out of the market, with 7,300,000 units of bias tires and 18 million units of radial tires production eliminated, including 10 million units of full-steel tires and 8 million units of half-steel tires.

Shi said that effected by fluctuated raw material price, outdated production and environment protection, tire industry's profit and gross tax both largely decreased.

Statistics showed that tire industry's sale income increased 14.39% in the past eleven months, but net profit dove 50%.