· Dongying has become the world's largest tire production and export base

· Dongying has become the world's largest tire production and export base

On September 6, the reporter learned from the Dongying Inspection and Quarantine Bureau that recently, the 2015 Global Tire Top 75 list by the US “Tire Business” was announced, and seven companies in Dongying City were successfully selected.
By convention, the 2015 Global Tire Top 75 rankings are ranked by the company's 2014 sales associated with tire manufacturing. Among the top 75 companies, there are 29 companies on the mainland and 5 Taiwanese companies, close to half of the total. Among the 7 companies listed on the list, except for Shandong Zhongyi Rubber, which ranked on the list for the first time, the rankings are in the top 50, including 21st in Shandong Hengfeng, 24th in Sailong Jinyu and 25th in Xingyuan Tire. Shandong Shengtai No. 29, Hengyu Tire No. 37, Shandong Wanda Baotong Tire No. 38, Shandong Zhongyi Rubber ranked No. 51. According to the sales forecast of Dongying Tire Co., Ltd., such as Yongsheng Group, Yongtai Group and Guofeng Rubber, it is expected that more than 10 tire companies will enter the 2016 Global Tire 75 in 2016. In the rankings, Japan Bridgestone ranked first for 7 consecutive years for $26.045 million, and France's Michelin and US Goodyear ranked second and third.
According to the US "Tire Business", the global tire industry sales in 2014 was 179.9 billion US dollars, down 3.8% year-on-year, and fell for three consecutive years. Among the top 75, there are 34 Chinese companies (including 5 in China), 2 in the top 10, 4 in the top 20, and 3 in 17 “$2 billion clubs”. There are 10 “$1 billion clubs” and 7 companies with sales growth of more than 10%.
In addition, according to professional analysis, due to the lower prices of raw materials such as rubber, the operating profit and net profit of the world's top 75 tires continued to grow in 2014, mostly hitting record highs, but the growth rate has narrowed. Most companies' net profit has increased compared to the previous year. Tire investment also showed the first slowdown. According to statistics, global tire investment in 2014 was US$6 billion, lower than the average of US$7 billion in the past 10 years; two-thirds of investment occurred in Asia, and project investment has shifted to Asia, especially China and Thailand. There are 12 new projects, at least 66 million semi-steel tires, 9 million heavy-duty tires and 5 million other types of tires.
In recent years, through the construction of the national export tire quality and safety demonstration zone and the Quality Technology Promotion Committee, the quality of Dongying tire products has improved significantly, and high-end brands have emerged continuously, and the products are exported to more than 180 countries and regions. Dongying has become the world's largest tire production and export base.

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