World Top 75 Tires announced

The "Global Rubber and Plastics News" magazine's 2010 Global Top 75 tires were announced recently. Bridgestone surpassed Michelin for the second consecutive year and led the world tire industry. The ranking of the Top 75 shows that with the declining global tire demand, sales revenue of tire companies has dropped by a large margin, and benefits have generally declined. Taiwan's Tire Enterprises in China ranks 10th in the new international ranking list. This is the first time that Chinese tire companies have ranked among the top 10 tires in the world.

The ranking of Global Top 75 Tires in 2010 ranked according to the company's 2009 sales revenue related to tire manufacturing business. The top three are still Bridgestone, Michelin and Goodyear, but the sales revenue of these three companies has dropped by double digits compared with 2008. Among them, Bridgestone fell by 18% to 20.8 billion U.S. dollars; Michelin fell by 10% to 1.96 billion U.S. dollars; Goodyear dropped by 14.5% to 15.6 billion U.S. dollars. The next 4th to 9th positions are Continental Germany, Pirelli Italy, Sumitomo Japan, Yokohama Rubber Japan, Korean tires, and Cooper Tire.

The top nine in this year's ranking is the same as last year. The most compelling list on the list is that Chinese companies Zhengxin International in Taiwan are among the top 10 for the first time. The company’s sales revenue increased by 7.1% year-on-year to 2.723 billion. Dollars. The 11th to the 20th place change greatly. China Hangzhou’s sales revenue grew by 11% year-on-year to US$2.359 billion, ranking 11th. This is the best result for mainland Chinese companies. The traditional top 10 Toyo tires and Kumho tires were pushed to 12th and 13th. There are 13 companies in the world's 2 billion U.S. dollar club, and China has Zheng Xin Rubber and Hangzhou Zhongce. There are 19 US$1 billion clubs, including China’s Delta Group, Giti Tire and Shandong Linglong.

Among the newest 75 companies are: Chaoyang Langma (57th) and Beijing Capital Corporation (64th) in China, Inoue Rubber of Thailand, and Ralson of India. Among the companies that have been squeezed out of the top 75 are Denman Tire in the United States, JSCDneproshina in Ukraine, Zhongce in Shandong, and Cia in Ecuador. Ecuatoriana. There are 22 Chinese companies in the world's top 75 tires, 5 Chinese companies in Taiwan, 10 in India, 5 in the United States, 4 in Japan, 4 in Russia, 3 in South Korea, 2 in Italy, 2 in Indonesia, and 2 in Iran There are two companies in Thailand, two in Turkey, one each in France, Germany, Finland, Belarus, the Czech Republic, Sweden, Sri Lanka, Argentina, Malaysia, Vietnam, Israel, and Pakistan.

In terms of this year's list of the world’s top 75 tires, the overall negative growth rate of the global tire industry reached 9.6% in 2009. This is the first negative growth of the industry since the new century. More than half of the top 75 companies are negative growth. Only Hankook is among the top ten companies. Tire and Zhengxin International achieved positive growth, while only 10 of last year's top 75 companies had negative growth. Bridgestone, Michelin, and Goodyear have combined sales of 55.75 billion U.S. dollars, accounting for 44.1% of global tire sales, a decrease of 2.2 percentage points from the previous year; tire sales of the top 10 companies were 96.87 billion U.S. dollars. , accounting for 67.7% of the global total, a decrease of 1.5 percentage points over the previous year. It can be seen that the concentration of the tire industry has decreased significantly compared with the previous year.

The growth rate of sales revenue of 9 companies in the Top 75 is more than 20%, all of which are tire companies in China and India. This shows that the development of the world tire industry in 2009 was mainly concentrated in two markets: China and India; the growth rate was more than 50%. Three companies, namely Qingdao Race Wheel (95.1%), Apollo (58.6%) and Shandong Shengtai (58.6%), 21 companies with negative growth of over 10%, of which the three companies with the largest negative growth are Russia’s Amtel Group. (-52.7%), Galaxy International Tire Company (-45.7%) in the United States and Sibur-Russkleshiny (-42.2%) in Russia.

Chinese tire companies have become more and more eye-catching. In the top 75 Chinese mainland companies, the number of companies on the list rose from 19 in the previous year to 22, plus five Chinese Taiwanese companies. Chinese enterprises occupy 27 seats in the top 75, exceeding one-third of the total, making people stand out . Among the top 75, there are 13 foreign companies that have established wholly-owned or joint ventures in China and have made significant contributions to sales growth.