The US Department of Commerce today made an affirmative preliminary determination in the antidumping duty investigation for truck and bus tires imported from China. The Commerce Department issued a fact sheet on August 29 that proposed a 20.87% preliminary dumping rate against one of the two of the mandatory respondents in the investigation, Prinx Chengshan (Shandong) Tire Co. Ltd. The other mandatory respondent, Double Coin Holdings Ltd., is not eligible for a separate rate and so is included in the China-wide entity dumping rate of 22.57%. No other Chinese tire producers or exporters responded to the Commerce Department’s requests for information and so will be subject to the 22.57% preliminary dumping rate.
Commerce began its investigation into Chinese imports of truck and bus tires on February 19, 2016, responding to petitions filed by the United Steelworkers with the International Trade Commission. The petitions sought antidumping and countervailing duties against the Chinese imports. On June 28, Commerce issued a notice that it had found preliminary affirmative evidence of government subsidies, issuing preliminary countervailing duties. Commerce’s final decision in the investigation is due on January 17, 2017.
Notch Consulting is proud to announce the publication of the 2016 edition of the Carbon Black World Data Book, the most widely read and authoritative report on the $13 billion global carbon black industry. Published annually and updated quarterly, this 352-page report provides extensive proprietary data on carbon black supply and demand. The report provides global trends as well as detailed coverage for 26 leading countries. Historical data are provided for all years from 2005 through 2015, with forecasts for all years through 2020, as well as 2025. Data provided for each country and region include carbon black capacity by company and plant, capacity utilization, production, imports, exports, demand, markets (passenger car tires, truck/bus tires, other tires, non-tire rubber, and specialty blacks), grades (tread, carcass, and other), as well as market value and average pricing.
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Sumitomo Rubber Industries will double capacity for passenger car and light truck tires in Tonawanda, New York by the end of 2019. The project is budgeted at $87 million and will take capacity to 10,000 tires per day.
R&P News reports that Sumitomo Rubber Industries is adding truck tire capacity at its 3-year-old plant in Fazenda Rio Grande, Brazil. The company will spend $96 million to add capacity for 500 u/d of truck tires, with production to begin in March 2019. Another $54 million will be spent to expand capacity for car and light truck tires.
On July 20, Evonik Industries announced that it had started up its new precipitated silica plant in Americana (São Paulo) Brazil. The plant focuses on highly dispersible silica used mainly for high-quality, low rolling resistance tires. In addition, the plant will serve various specialty silica segments, including the food, animal feed, and agricultural industries. Evonik has not disclosed the capacity of the new plant or the total investment, though it did say the project budget was in the “mid-double-digit euro range.”
In a company press release, Dr. Johannes Ohmer, member of Evonik’s Board of Management of the Resource Efficiency Segment, said: “The new plant in Americana now enables us to offer our products and solutions to our Brazilian and regional customers as well. Thanks to our dependability, outstanding services, and top-quality products, we provide customized solutions.”
Here is the full press release.
Earlier this month, Tokai Carbon announced a restructuring plan for its Chinese carbon black business, Tokai Carbon (Tianjin) Co., Ltd. The plant will remove one production line, reducing capacity from 110,000 tons to 70,000 tons. Some of the related facilities to the production line will also be optimized for less energy operation. In addition, remaining production at the plant will focus more on special carbon black products, which are high value added products. These changes are expected to be completed by the end of 2016.
The restructuring plan was approved at a Board of Directors meeting on June 23, 2016.
Here is the press release.
A strike against the possible closure of Orion Engineered Carbons’ production plant in France has ended after three weeks. ERJ has details.
Yokohama Rubber Co. officially completed its $1.17 billion acquisition of Alliance Tire Group on July 1. Tire Review has the story.
The Michelin group plans to build a €450m plant in Mexico to manufacture high-end tires for passenger cars and light trucks. European Rubber Journal has more.