Xuda Wang

On 30 August 2022, Shanghai Huayi, the parent company of Double Coin Tire Group first half results showing the company generated revenue of 4.968 billion yuan (about £614 million, 719 million euros), and operating costs were 4.559 billion yuan (about £564 million, 660 million euros). Within that, th…

On 28 December 2022, the Customs Tariff Commission of China’s State Council issued an announcement stating that from 1 January 2023, import tariffs on some commodities will be adjusted. In 2023, the products that can still enjoy preferential tariffs are retreaded tyres for aircraft. As in the previous year, such products will be subject to a provisional import duty of 4 per cent. Under normal circumstances, Chinese customs should impose a 20 per cent tariff on retreaded tyres for aircraft.

Goodyear is investing US$200 million (about 1.37 billion yuan, £170 million, 190 million euros) in its Cooper Kun Shan tyre factory. Following the latest investment, the total investment of the Cooper Kun Shan plant is expected to reach $500 million (about 3.42 billion yuan, £410 million, 470 million euros).

On 20 February 2023, Michelin held the opening ceremony for its new China headquarters office building in Shanghai. Joan Valadou, Consul General of France in Shanghai, Ye Fei, President of Michelin China, and others attended the event. The new headquarters of Michelin China is located in Changning District, started construction in September 2022 and was completed in January 2023.

Well-known tyre brands Michelin and Cooper have faced Chinese customs penalties since July, Tyrepress China has learned.

Recently, Sentury appointed Philippe Oberti as deputy general manager and director of its R&D centre.

Recently, Michelin CEO Florent Menegaux said in an interview in Shanghai that Michelin’s factory in Shanghai will soon expand production on a large scale.

On 20 November, Michelin’s Shanghai factory held a groundbreaking ceremony for its expansion project. Michelin plans to increase the production capacity of high-performance, high-value radial passenger tyres at the Shanghai plant while also achieving efficient, clean and flexible production.