According to statistics, there are 23 companies with global tire sales falling by more than 10%. There are only 6 companies with sales growth of more than 10%. They are China Weifang Yuelong, China's racing Jinyu, and US CTP. Transportation Products Company, China Shandong One, China's Shandong Bayi, China Sichuan Haida Tire and US CTP. Transportation product companies are mainly concentrated in China. The decrease in sales was mainly due to the decrease in the prices of rubber and other raw materials that led to lower tire prices, which led to a negative growth in tire company sales. The price of tires in 2015 remains downward. It is expected that the decrease in tire sales in 2015 may range from 6% to 8%. A while ago, all walks of life were commenting on the 2015 rankings, including the “profit-making industry leaderboardâ€. The profits of the real estate industry are obvious to all. However, when seeing glasses, funerals, online games, etc., these also become huge profits industry, the hearts of tire industry players can imagine. A few days ago, the information uploaded from the 2016 Rubber Annual Meeting gave the tire person a shot. In the 40 tire companies that were counted by the industry associations, the overall loss reached 20%. In other words, 1/5 of tire companies are in a state of losing money. Among them, 6 out of the 31 domestic-funded enterprises suffered losses and the loss amounted to 447 million yuan. The situation of foreign-funded enterprises can be better, but there are also two losses, with a loss of 135 million yuan. According to the data, in 2015, China's tire output value decreased by 14.62%; export delivery value decreased by 16.52%; sales decreased by 15.37%; profit decreased by as much as 22.22%. In addition, there were six tire companies closed this year. The reasons include backward production capacity, environmental protection relocation, and capital loss. There are also nine tire projects for companies that have been suspended due to funding, environmental impact assessment, and land issues. Looking back in the past few years, although the tires are not even profitable industries, but the company's life has a good time. And now, for many companies, to survive is to burn high-spirited. Worryingly, how long can this situation last?
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Global tire sales continue to decline
