China’s Tire Production in 2010Q1 Grows by 35% YOY
According to China’s Ministry of Industry and Information Technology, in 2010Q1, Chinese auto production and sales volume reached 4.55 million and 4.61 million, growing by 77% YOY and 72% YOY respectively. In March 2010, Chinese auto production and sales volume amounted to 1.73 million and 1.74 million, rising by 44% and 43% separately compared with that in the last month; the YOY growth rates were 58% and 56% separately. The auto production and sales volume in both March and Q1 of 2010 hit the record high. Almost all vehicle models assumed the vigorous growth trend.
With the rapid development of Chinese auto market, the tire industry also enjoyed high-speed growth. In 2010Q1, Chinese tire production was 167.44 million, 35% increase over 2009Q1.
In 2008-2009, owing to the global financial crisis, Chinese tire export was bogged down. Fortunately, depending on the domestic high demand, Chinese tire enterprises managed to counteract some adverse effects from the export recession. Chinese domestic tire market is highly valued by international tire enterprises. Despite the financial crisis and the tire special safeguard case, those transnational tire enterprises such as Michelin and Bridgestone keep increasing their investment in China.
Since its entry into China in 1999, Bridgestone has set up factories in Shenyang, Tianjin, Wuxi and Huizhou. In 2009, Bridgestone added another USD 98 million into its factory in Wuxi to expand its daily production capacity from 8,000 to 12,000 by July 2011. Bridgestone has declared that it will continue its expansion in China.
The project of Continental Tire with the aggregate investment of EUR 600 million was started at the end of September 2009. The annual production capacity is scheduled to be 16 million passenger car tires and 2 million commercial vehicle tires.
At the beginning of January 2010, Michelin declared to invest USD 1 billion to set up a factory in Shenyang for the production of passenger car and truck tires. The factory is expected to go into operation in 2012. On February 2nd, 2010, Michelin acquired the shares of Shanghai Michelin Warrior Tire Co., Ltd held by other shareholders at the price of CNY 170 million to completely control the company.
Yokohama Tires has carried out the fourth round expansion for its Hangzhou Yokohama Tire Co., Ltd, planning to raise its annual production capacity from 3 million to 5.10 million.
On January 28th, 2010, TOYO Tires announced to invest USD 9.80 million to establish a wholly-owned subsidiary in Zhangjiagang, Jiangsu. This subsidiary will produce car and light truck tires with the annual production capacity of 2 million radial tires. In 2002, Toyo Tire & Rubber Co., Ltd became the shareholder of Cheng Shin-Petrel Tire (Xiamen) Co., Ltd. In 2003, Toyo Tire & Rubber Co., Ltd set up Toyo Tire (Shanghai) Co., Ltd in Shanghai. In 2004, it established Toyo Automotive Parts (Guangzhou) Co., Ltd in Guangzhou. Attracted by Chinese high-potential tire market, Toyo Tire & Rubber Co., Ltd has decided to set up the sole proprietorship tire production company in China.
In 2009, the private vehicle reserving volume per thousand people in China was less than 50, much lower than the 600-800 in developed countries and less than half of the average reserving volume in the world. With the development of Chinese economy, the new vehicle sales volume and vehicle reserving volume will maintain the annual growth rates of over 15% in the following 3-5 years. This will encourage the high-speed development of Chinese replacement tire market. It is forecast that the growth rate of Chinese tire market will exceed that in Chinese auto market in the coming years. Those participants in this tire market including transnational tire enterprises, local tire manufacturers and upstream & downstream enterprises will all accelerate their expansion in Chinese market in recent years to make huge profits. In Chinese tire market, both first movers and new entrants will receive great opportunities.
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Honda ATC 200m with CHENG SHIN LUMBERJACK TIRES
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Cheng Shin ATV Tire, AT20x9-8, No Reserve! 20 x 9 x 8 $29.95 |
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Cheng Shin C638 Raised Center Bicycle Tire (Wire Bead, 26″ x 1-3/8″, Black Wall) $9.99 |
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2 New! W/Tags Cheng Shin C637 Road Bike Tire Wire Bead, 27″ x 1-1/4″, Black Wall $0.99 |
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CHENG SHIN C9308 AMBUSH ATV TIRE FRONT 20 x 6 x 10 $67.99 |
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CHENG SHIN RIM STRIPS FOR 21 INCH RIMS 25 PK UNIVERSAL $37.95 |
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CHENG SHIN C829 ATV TIRE REAR 145/70-6 $41.50 |
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26 x 1.95 Schwinn/Cheng Shin mountain bike tires $11.95 |
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CHENG SHIN C727 26″ X 1.75″ BLACK BICYCLE TIRE $14.50 |
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CHENG SHIN C9312 ANCLA ATV TIRE REAR 26 x 11 x 12 $106.72 |
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CHENG SHIN C9311 ANCLA ATV TIRE FRONT 26 x 9 x 12 $109.20 |
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CHENG SHIN 20″ rear tires wheels aluminum rims Yamaha Banshee YFZ450 RAPTOR $108.99 |
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CHENG SHIN C899 PADDLE SOFT/INT TIRE REAR 110/90-19 $84.84 |
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Cheng-Shin 2.75-21 Knobby Tire Bultaco Husqvarna Cheng Shin Front $25.00 |
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CHENG SHIN SURGE P C7220 110/100-18 SAND PADDLE TIRE $64.99 |
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Cheng-Shin 4.00-19 Knobby Rear Tire Bultaco Truimph MX BSA Cheng Shin $35.00 |
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Cheng Shin Tire Turf Tires 9×3.50-5 2 Ply 1″ ID 1/4″ Bore Length Be_ t9x3.50-5WH $36.43 |
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Cheng Shin Tire Turf Tires 9×3.50-4 Tread 4 Ply fits commercial t9x3.50-4-CS-4P $18.62 |
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Cheng Shin Tires Turf 4.80×400-8 Tubeless Tire t480x400-8-CS $30.50 |
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Cheng Shin Tire Turf 26×12.00-12 Tubeless Green Saver 2 ply f_ t26x12-12-CS-Set2 $100.61 |
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Cheng Shin Tire Turf 26×12.00-12 Tubeless Green Saver 2 ply fits J_ t26x12-12-CS $56.38 |
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Cheng Shin Tires Turf 13 x 6.50 – 6 Tire t13x650-6-CS $29.97 |
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Cheng Shin Tires Turf 13×5.00-6 Tread Tire & Wheel1 3/8 ID 3-5/8″ t13x5-6-WH-CS $26.17 |
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Cheng Shin Tires Ribbed 13×5.00-6 Tire tube with three bolt wheel 2 t13x50-6-B3 $33.58 |
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NEW Scooter Tire $30.00 |
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Inner Tube Cheng Shin 4.10/3.50X4 410X350-4 Lawn Mowers Tractors $6.00 |
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bmx bike COMP 3 TIRES 1PR. OLD SCHOOL CHENG SHIN TYRES 1.75 PAIR + 2 TUBES NEW $39.99 |
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Cheng Shin Tube 20 x 1.75/2.125 (inner tube slime support)(New) $10.00 |
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20X11-10 Cheng shin atv tire mud dirt sand dirt bike Brand New $60.00 |
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Tire, Power Mobility, 2.50-4 x 8.5” Pneumatic, CHENG SHIN: P/N C-178-15 $18.98 |
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Cheng Shin 4.10/3.50-6 Wheelbarrow Tire C-189-9 $21.25 |
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BMX TIRES.20X1.95 CHENG SHIN BLACK V-STYLE TIRES.ONE PAIR. $24.99 |
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Cheng-Shin 3.50-21 Knobby Tire Bultaco Husqvarna Cheng Shin $25.00 |
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Cheng Shin mountain bike TIRE 24 x1.75 $5.00 |
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4.10 X 3.50 GO CART OR MINI BIKE TIRES $18.00 |
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300-18 Cheng Shin C183 Motorcycle Tire ONLY $13 FREE SHIPPING! $13.00 |
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350-17 Cheng Shin C183 Motorcycle Tire ONLY $12 FREE SHIPPING! $12.00 |
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CHENG SHIN C9312 ANCLA ATV TIRE REAR 25 x 11 x 12 $117.89 |
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2.50 X 10 Tires, Honda 50, Yamaha PW 50, CRF-50 $15.00 |
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1978 YAMAHA XS850 “FRONT WHEEL & TIRE(19inch)” $35.00 |
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N.O.S.Tioga comp 3 style 20×1.75 pair tires cheng shin old school fits hutch gt $29.99 |
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22x11x8 Cheng Shin C829 General Purpose Front / Rear Tire $54.88 |
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Vintage 350 3.50 x 19 Cheng Shin Knobby Motocross tire $24.99 |
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Cheng Shin SS201-02 Lot of Tires, Tubes, Hubs and Caps $499.00 |
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Cheng Shin Tire $25.99 |
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CHENG SHIN C7220 SURGE P I/T OFFROAD TIRE RR 110/90-19 $75.65 |
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YAMAHA REAR FRONT TIRE 3 00 8 Scooter 3.00-8 Cheng Shin 4PR 50CC $19.90 |
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CHENG SHIN 21″ front tires wheels rims Yamaha Banshee YFZ450 RAPTOR $39.99 |
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New cheng shin tire 140/80/16 $99.00 |
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22″ Cheng Shin Tires and Tubes $7.99 |
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81 MONGOOSE MOTOMAG VINTAGE OLD SCHOOL 20 BMX BIKE CARLISLE AGGRESSOR CHENG SHIN $280.00 |
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2 Cheng Shin 9X3.50-4 Tires and Wheels (NEW) $20.00 |
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CHENG SHIN 16″ X 2.125″ KNOBBY BLACK BICYCLE TIRE $10.00 |
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CHENG SHIN 700″ X 40C BLACK BICYCLE TIRE $16.00 |
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CHENG SHIN MX C183A INTERMEDIATE TIRE REAR 2.75-18 $45.10 |
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Cheng Shin 1:00/90 – 19″ Hi-Max Front Tire directional 4/32″ tread No reserve $24.95 |
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NEW Scooter Tire $30.00 |
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Cheng Shin V-Tread C828 23 X 8 X 11 TL ATV Tire 23-8-11TL Ply:2 New $72.99 |
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CHENG SHIN C864 ATV TIRE FRONT 18 x 7 x 7 $67.60 |
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Pair 26 x 2.125 Tires Cheng Shin Cruiser Knobby Studded Balloon fits Schwinn $20.00 |
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CHENG SHIN C828 ATV TIRE REAR 23 x 8 x 11 $95.19 |
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60/70s VINTAGE MAICO 400 SQUARE BARREL 18″ REAR WHEEL ASSY+AKRONT, VG/EX (MKS14) $249.95 |
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HONDA 1984 ATC200S ATC 200 S FRONT WHEEL TIRE RIM & SPACERS / CHENG SHIN 22X11X8 $39.99 |
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22″ x 2.125″ Grey Nylon Wheelchair Tires Cheng Shin Tyre New Ribbed Wide Tread $14.99 |
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2 Inner Tubes Cheng Shin 24″x1 3/8″ Wheelchair Bicycle $10.00 |
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HONDA 350X ATC FRONT TIRE 23.5X8X11 CHENG SHIN TIRE 250 350 X 1985 1986 $79.97 |
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CHENG SHIN TYRE ASHTRAY PURPLE IN COLOUR 7″ CIRC NICE COLLECTORS PIECE $4.72 |
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3 whizzer white wall 26″ cheng shin bicycle tires x3 26×2.125 $45.00 |
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Cheng Shin V-Tread C828 25 X 8 X 12 TL ATV Front Tire 25-8-12TL Ply:2 NEW $84.95 |
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CHENG SHIN C828 ATV TIRE REAR 25 x 8 x 12 $99.38 |
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CHENG SHIN C9308 AMBUSH ATV TIRE FRONT 21 x 7 x 10 $72.00 |
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CHENG SHIN C9312 ANCLA ATV TIRE REAR 26 x 12 x 12 $126.92 |
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CHENG SHIN C9308 AMBUSH ATV TIRE FRONT 23 x 7 x 10 $77.95 |
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Cheng Shin C829 21 X 9 X 8 TL Rear/Front Ply:2 ATV Tire Knobby 21-9-8 $64.95 |
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Cheng Shin Tires 26x 1 3/8 $9.99 |
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New Pair Knobby Tires Tubes Set 2.75 x 17 CT90 CT110 Trail 90 110 Traction #C80 $89.80 |
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BMX TIRES.20X1.75/2.125 CHENG SHIN BLACK COMP III STYLE KOBBIE TIRE.ONE PAIR. $24.99 |
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Two CHENG SHIN 27 x 1-1/4″ Bicycle Tubes Shraeder Valves with Caps VG Condition $6.00 |
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Cheng Shin Radial C827 22 X 11 X8 ATV Tire Front Ply:2 22-11-8 Radial Knobby $76.95 |
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Mobility Scooter 10″ Rear Wheels Tires 10×3 Cheng Shin Invacare robot cart $29.99 |
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(1)7.50-15cheng shin industrial forklift tires $125.00 |
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Cheng Shin Tire and Rim 4.10×3.50-4 $20.00 |
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Cheng Shin Motorcycle Inner Tube 2.75/3.00-18 TR4 NIB TUBE SIZE: 2.75/3.00-18 $17.99 |
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CHENG SHIN TIRE C732 ROAD TIRE 27″ x 1-1/8″ BIKE BICYCLE $17.91 |
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Cheng Shin C732 Road Bike Tire (Wire Bead, 27″ x 1-1/8″, Black Wall) $35.54 |
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Cheng Shin C637 Road Bike Tire (Wire Bead, 27″ x 1-1/4″, Black Wall) $38.19 |
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2 Cheng Shin 23×10.50×12 tubeless 4 ply tires $79.99 |
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Cheng Shin Motorcycle Inner Tube 2.25/2.50-18 TR4 NIB TUBE SIZE: 2.25/2.50-18 $17.99 |
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Cheng Shin Motorcycle Inner Tube 3.25/3.50-21 TR4 NIB SIZE: 3.25/3.50-21 $17.99 |
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24X1.75 BMX CRUISER,CHENG SHIN BLACK COMP III STYLE KOBBIE TYRE.ONE PAIR. $24.99 |
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Cheng Shin 2.75 x 17 New tire and tube $25.00 |
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CST CHENG SHIN TIRE BIKE INNERTUBE INNER TUBE SIZE 26X1.75/2.25 NEW $8.99 |
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CST CHENG SHIN TIRE MOTORCYCLE INNERTUBE INNER TUBE SIZE 2.75/2.50-10 NEW $4.99 |
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Cheng Shin Tire M7312 100/90-19 Maxxcross Si-soft/Intermediate Terrain Rear Maxc $157.53 |
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CST CHENG SHIN TIRE MOTORCYCLE INNERTUBE INNER TUBE SIZE 100/130/90-17 TR4 NEW $9.99 |
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CST CHENG SHIN TIRE MOTORCYCLE INNERTUBE INNER TUBE SIZE 2.00/2.25-14 TR6M NEW $9.99 |
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CST CHENG SHIN TIRE MOTORCYCLE INNERTUBE INNER TUBE SIZE 2.25/2.50-14 TR6M $9.99 |
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USED (NOS) CHENG SHIN TYRE COMP 3 TIRES 20 X 1.75 GUM WALL SET $29.00 |
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NOS CHENG SHIN TYRE COMP 3 TIRES 20 X 1 3/8 GUM WALL SET ##2 $29.00 |
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NOS CHENG SHIN TYRE COMP 3 TIRES 20 X 1 3/8 GUM WALL SET $29.00 |
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Cheng Shin Gray 8 x 1-1/4″ Wheelchair Tire # C-179 $18.68 |
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Chinese Connection 2 [VHS] $9.99 In chinese connection 2 chen shan (bruce li) journeys to shanghai to honor the dying wish of his brother (bruce lee). he must re-establish the ching wu martial arts school. when he finds out the school has been taken over by miyamoto the japanese karate master there can be only one outcome a fight to the death!… |
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The Chinese Connection [VHS] $1.99 The Master of Karate and Kung Fu returns with revenge in mind. Lee is out to get the people who murdered his revered and beloved teacher of his martial arts school. The combination of action and fight moves that made Lee famous, make this film exciting throughout…. |
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The Nobles [VHS] $4.49 … |
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Oregon 71-275 410/350-4 4-Inch Innertube With Bent Valve Parallel $3.99 Kenda brand inner tube with bent valve for easier filling ships one per package… |
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Oregon 71-276 4-inch Tire Innertube 410/350-4 Straight Valve $4.99 INNERTUBE 410/350-4 STRAIGHT VALVE… |
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(4) New 10 Air Tires Wheels Hand Truck Dolly Tire Go Kart Farm $26.49 … |
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Wendy Wu: Homecoming Warrior $4.00 To her friends, Wendy Wu (Brenda Song) is an average teenager with an almost perfect life and a dream of becoming homecoming queen. Chinese legend, on the other hand, declares that Wendy is first and foremost the reincarnation of a powerful woman warrior from the Wei Dynasty who is destined to fight the newly-awakened, evil Yan Lo. When Shen (Shin Koyamada), a most untraditional Buddhist monk, a… |
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White Lotus Cult $19.95 … |
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Chinese Connection 2 $7.24 … |
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Schwinn Universal Tube (16-Inch x 1.75/2.125) $6.09 The Schwinn Universal Tube for 16-inch wheels offers reliable construction for kid’s bikes and strollers with 16-inch pneumatic wheels. The tube has a traditional Schrader valve for easy filling to a width of 1.75 to 2.125 inches. Lightweight and inexpensive, it’s a good idea to keep an extra tube handy to protect against the risk of flats…. |
