Recently, the United States announced the "double anti-" preliminary ruling on passenger cars and light truck tires in the United States, the Shandong Provincial Department of Commerce recently issued a request for statistical enterprises expected loss. According to statistics, 65 Lu enterprises such as Sailong Co., Ltd., Qingdao Double Star Tire Industry Co., Ltd., Shandong Jinyu Tire Co., Ltd., Triangle Tire Co., Ltd. and Gubo Chengshan (Shandong) Tire Co., Ltd. were included in the list of enterprises involved.
It is worth noting that the data provided by the Shandong Rubber Industry Association shows that in 2014, the province's tire exports amounted to 8.855 billion US dollars, an increase of 2.7% year-on-year, a decrease of 2.3% over 2013. Tires ranked sixth in total exports of our province, down 4 places from 2013.
"In terms of the import and export of tires in Shandong Province, the US 'double anti-" has had a serious impact on exports," said Zhang Hongmin, president of the Shandong Rubber Industry Association.
He also reminded that Russia is one of the fastest growing markets for China's tire exports. The anti-dumping investigation of “Russian White Harbin†will also bring a very big blow to Shandong tire companies. Although companies have taken measures to actively develop emerging markets, transfer industries abroad, and strive to increase brand awareness, it is difficult to receive significant results in the short term.
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