Global and China Tire Mold Industry Report, 2013-2014
The Chinese tire mold industry
prosperity rose again in 2013, with annual sales approximating RMB3.565
billion, up 18.44% YoY, mainly because domestic tire companies successively
proposed and expanded tire projects against a sharp decline of rubber prices
in 2013, which pulled the tire mold demand.
Visit Complete Report Here: http://www.marketresearchreports.biz/analysis-details/global-and-china-tire-mold-industry-report-2013-2014
Judging from the earnings of key
enterprises, China’s major tire mold enterprises showed varying degrees of
growth in sales in 2013, of which, Shandong Himile Mechanical Science &
Technology Co., Ltd. as the tire mold industry leader performed outstandingly,
its sales from tire mold rose 57.11% YoY to RMB1.057 billion; followed by
Greatoo Inc. whose tire mold sales attaining RMB468 million, up 14.04% YoY.
The high-speed growth in Himile’s
tire mold business was mainly owing to its constantly-growing revenue from
export sales, which accounted for 40.11% of the company’s total revenue in
2013, 2.96 percentage points higher than 2012, with CAGR up to 35%
(2011-2013).
Meanwhile, Greatoo also continued
to increase its investment in the tire mold business. In 2011, Greatoo put
USD23 million into the radial tire mold production base construction in India;
the project, put into production in 2012, now occupies about 30% share of
India’s high-end tire mold market, with business radiation to the entire
Southeast Asia. In July 2013, the “Large OTR and Special Tire Mold Expansion
Project” went into operation, and brought benefit of RMB6.8355 million for the
company that year.
Both Himile and Greatoo are
actively moving into new areas and creating new profit growth points while
constantly developing their main business. The former thorough the acquisition
of the Group company’s assets expanded new business; the latter extended to
the upper steam of the industry chain.
On December 12, 2013, Himile
purchased large gas turbine parts processing business projects and assets of
Himile Machanical Manufacturing Co., Ltd. under the Group company with RMB114
million.
By virtue of the higher product and
technical level of molds, Chinese tire mold enterprises will continue to
enhance their comprehensive strength in the future. In the context of China’s
ceaselessly-growing production and ownership of cars, its tire mold industry
is bound to keep steady growth.
|
Office: United States
|
|
State Tower
90 State Street, Suite 700 Albany, NY 12207 United States |
No comments:
Post a Comment