Shandong Henfeng Rubber & Plastic stands in top seller in Dongying
Latest statistics showed that Shandong Henfeng Rubber & Plastics Co.,Ltd. and Shandong Wanda Baotong Tyre Co., Ltd. respectively exported 26 million dollars and 182 million dollars of tire production in the past three quarters of 2015, standing Top 2 tire exporters in Dongying, Shandong Province.
Compared to the same period of 2014, the top 2 tire exporters in Dongying are Shandong Yongsheng Rubber Group and Shandong Changfeng Tire Co.,Ltd.， respectively exporting 354 million dollars and 277 million dollars.
However, with U.S levying heavy duty on Chinese tires, Shandong Yongsheng Rubber, one of victims collected publishment tax, was heavily blocked on tire export this year. At the beginning of 2015, Henfeng Rubber & Plastics cancled Dingzhuang tire project, and paused parts of other tire projects.
In the past nine months of 2015, Dongying exported 2.03 billion dollars of tires, year-on-year decreasing 27.1%. In September, Dongying exported 212 million dollars of tires, yearly decreasing 28.9% and monthly decreasing 8.2%.
- 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
