Pirelli announces its Saudi Arabia tire plant will break ground in coming weeks with PIF joint venture, 480 million euro investment, 3.5 million annual capacity, scheduled to start production in Q3 2027 at King Abdullah Economic City.
A massive tire price hike wave swept the industry in 2026. Nearly 20 manufacturers including Linglong, Zhongce, Cheng Shin and Maxxis raised prices by 2%-5.5%, effective from mid-March to April 1. Surging raw material costs and logistics expenses drive the adjustment, accelerating industry consolidation.
The groundbreaking ceremony of Haian Rubber Group Co., Ltd.'s headquarters project was successfully held in Licheng District, Putian City. With a total investment of 880 million yuan, the project plans to build a landmark headquarters building and supporting facilities for R&D and talents. As a key strategic layout after Haian Rubber was listed on the main board of the Shenzhen Stock Exchange in 2025, it helps optimize Putian's industrial structure and promote high-quality development, demonstrating the enterprise's profound strength in the all-steel giant tire field.
On February 10th, Haian Rubber Group Co., Ltd. announced a plan to invest no more than 50 million US dollars (about 350 million RMB) in establishing a wholly-owned subsidiary in Hong Kong, approved on February 9th, 2026. The subsidiary focuses on investment holding, asset management and other businesses, which is a key step of the group's globalization strategy, helping expand overseas markets, broaden international investment and financing channels, and boost the long-term development of the all-steel giant tire leader.
Sailun Tire announced an increase in investment in its Indonesian production base project, raising the total investment to 299.74 million US dollars, greatly increasing the production capacity of semi-steel radial tires, laying out the overseas market by virtue of Indonesian resources. The project is expected to achieve an annual net profit of 62.55 million US dollars, helping to improve the global production capacity matrix.
On July 14, Sailun Tire (601058.SH) issued an announcement, announcing that its wholly-owned subsidiary Sailun (Shenyang) Tire Co., Ltd. (referred to as "Sailun Shenyang") will acquire 100% of the equity of Bridgestone (Shenyang) Tire Co., Ltd. (referred to as "Bridgestone Shenyang") held by Bridgestone (China) Investment Co., Ltd. for 265 million yuan.
DFTMC, a specialized trader of quality pre-owned rubber machinery, presents an exceptional opportunity: A fully operational PCR (Radial Passenger Car) tire manufacturing plant with an annual capacity of 6 million units is now available for immediate acquisition.
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On June 5, 2025, ZC Rubber, the "domestic number one tire company", officially landed on the main board of the Shanghai Stock Exchange with an opening price of 57.00 yuan, up 22.58%. The increase subsequently narrowed and the total market value at the opening was close to 50 billion yuan.