Tire Exports from Ningxia Surges in H1

In the first half of this year, the import and export of Ningxia Hui Autonomous Region totaled 9.78 billion yuan, up 4.4% year on year, according to Yinchuan Customs.

Traditional advantageous products, namely medical products, textile yarns, and crude drugs were still the primary exports. The export of inflated rubber tires even increased about five times.

The import and export markets of Ningxia in the first half were Russia, Africa and Latin America, with the trade volumes up 3.9 folds, 1.2 folds and 55.9%, respectively.

China’s import of synthetic rubber, one of the key raw materials for tire, rose 9.5 folds.

Shenzhou Tire Co., Ltd. of Ningxia Dadi Circular Development Corp. Ltd. is the major tire producer in Ningxia.

The second and third phases of the project launched at the end of last year in Pingluo county, Shizuishan, Ningxia, and are under intensive construction.

Upon completion of the construction, the production capacity of Shenzhou Tire will reach 20.1 million tires annually, making it the largest tire base in northwest China.

The first phase construction of the company has completed with an annual capacity of 2.4 million.

Ningxia Dadi Circular Development is a comprehensive enterprise with its businesses covering tire manufacturing, comprehensive utilization, chemical, cement, coal and international trade.

The company ranked the 325th among top 500 Chinese chemical companies in 2016.