· China has eliminated 24.8 million tires in 5 years
Recently, it has been learned from relevant departments that measures such as the resolution of excess capacity at the beginning of this year are being advanced in depth. It is reported that “de-capacity†is the top priority of supply-side reforms in various provinces this year. The tire industry's production capacity reduction has also been put on the agenda by some provinces. Among them, the tire province of Shandong Province, specifically listed tires as one of the eight industries to resolve excess capacity. According to industry insiders, in fact, in recent years, the domestic tire industry has been in a slow industrial adjustment, and some enterprises with backward production capacity and unsuitable for market development are gradually out. Data show that from 2010 to 2015, the industry has eliminated 14 "zombie enterprises" and eliminated 24.8 million low-end products. Elimination of "zombie enterprises" and low-end products in the past five years It is understood that among the 14 enterprises that have been eliminated, there are 4 state-owned enterprises, 8 private enterprises, and 2 Hong Kong and Taiwan enterprises. A person from the China Rubber Industry Association Tire Branch said that at present, domestic tire companies are struggling to make adjustments. From the situation in 2015, the club's 40 tire manufacturers are divided into four development states. First, there are 8 companies (two foreign companies) with a difficult to maintain performance, accounting for 20%. Second, there are 19 enterprises (5 foreign capitals) with a double output and profit, accounting for 47.5%. Third, there are 4 enterprises with an increase in output and a decrease in profits, accounting for 10%. Fourth, there are 9 enterprises (two foreign capitals) with an increase in output and profits, accounting for 22.5%. It was learned that in 2015, the total national tire production reached 565 million, a slight increase from the previous year. However, the operating rate of the whole industry is below 70%. This means that about 30% of the tire industry's production capacity is still excess capacity. It is reported that the central government's supply-side reform of the surplus industry is mainly achieved through market behavior. The tire industry access system that the national management department is vigorously implementing may help the industry to resolve some of the low-end excess capacity. Steel Wire Retaining Ring,Wire Retaining Ring,Round Wire Retaining Ring,Wire Snap Ring wenzhou dayang fastener co.,LTD , https://www.dayangfastener.com