According to the “Global Rubber and Plastics News†magazine’s list of the top 75 global tires in the United States published recently, the Bridgestone Corporation of Japan has regained the crown of the world's tires. From the performance of the companies listed on the list, it can be seen that the world's tire industry has fallen at a high level, and economic efficiency has generally declined. At the same time, the number of Chinese tire companies entering the top 75 in the world has increased and reached 24, constituting a beautiful Chinese landscape. Laureate for fierce competition Since 1995, it is always the Michelin Group of France and the Bridgestone Corporation of Japan that ranks first and second place in global tyres. Since Bridgestone replaced Michelin in 2005 to sit on the top of the table, Michelin was not far behind and won the championship in 2008. However, this year's laurel was recaptured by Bridgestone. With a 16% stake in Finland's Nokia Tire Company and a 43% stake in Bridgestone-Sabachi Tire, it made certain contributions to Bridgestone's return to the world's tires. The next third to tenth places are the same as in 2008, followed by the United States Goodyear, the German mainland, Italy's Pirelli, Japan's Sumitomo, Japan's Yokohama Rubber, South Korean tires, the United States Cooper tires, Korea Kumho. The 11th to 20th places have seen a large change. Zhengxin Rubber and Japan's Toyo Rubber Exchange in Taiwan, which has a 21.2% increase in sales revenue, ranked 11th; Hangzhou Zhongce Company's sales revenue increased by 64% from the 15th place last year. To 13th place. The world’s $2 billion club has 14 companies. Hangzhou Zhongce Corporation is the first company to join the mainland. The $1 billion U.S. club has 22 companies. The Chinese companies that have been shortlisted include the Delta Group, Shandong Linglong, and Shanghai Double Money. The newest Chinese companies ranked in the Top 75 are Shandong Luohe, Xingyuan Tire, Shandong Shengtai, Shandong Wanda, Shandong Jinyu, Qingdao Race Wheel, Xuzhou Xugong and Thailand's Inoue Rubber. This year, the number of new top 75 faces has been the highest in years, mainly because China has provided more comprehensive tire enterprise data. Among the top 75, China has 19 seats, India 9 seats, the United States 6 seats, China Taiwan 5 seats, Japan, Russia 4 seats, South Korea 3 seats, Iran, Indonesia, Thailand, Italy and Turkey each 2 Seats. Countries that occupy one seat include: France, Germany, Sri Lanka, Sweden, Czech Republic, Singapore, Finland, Belarus, Pakistan, Ecuador, Ukraine, Vietnam, Malaysia, Israel, and Argentina. Chinese companies shine In 2008, the development of the world's tire industry fell from a high level. The overall growth rate of the industry was 9%, and the scale reached 140 billion US dollars. This increase was mainly due to changes in exchange rates. Excluding exchange rate factors, the growth rate of the tire industry was much lower than 9%, and 10 of the 75 strong companies had negative growth. The top ten tires in the world, with the exception of the Sumitomo Rubber Industry, had growth in single digits, and even three had negative growth. Bridgestone, Michelin, and Goodyear had a combined sales of 64.78 billion U.S. dollars, which accounted for about 46.3% of global sales, which was a decrease of 2.5 percentage points from the previous year. Top 10 tire sales were 96.87 billion U.S. dollars, which was 69.2% of global sales, down 3.3% from the previous year. In 2008, the growth rate of sales revenue of 12 enterprises in the whole industry was more than 20%, compared with 25 in the previous year. There are four companies with growth rates above 50%, which are Russia's Nizhnekamskshina (245.2%), Qingdao Double Star Tire (66.2%), Hangzhou Zhongce Rubber (64.2%) and Silverstone (55.6%). The performance of Chinese tire companies is the most eye-catching. The number of companies on the Chinese mainland has risen to 19 from 12 in the previous year. Together with Chinese Taiwanese companies, China has 24 seats in the top 75, which is close to one-third of the total. This is impressive. Worst economic benefits in recent years In 2008, the tire industry in the world had the worst performance in recent years, and the profitability of enterprises has dropped significantly. Of the 20 companies that reported financial data, nine had losses. In addition to Nokia Tire, 19 of 20 companies reported a drop in operating profit from the previous year; Nokia, Zhengxin Rubber, and German mainland ranked best in terms of operating income, with profit margins of 22.9%, 8.8%, and 7.5%, respectively; In terms of sales revenue, Toyo Rubber ranked first with US$468,531 per person, followed by US$415,163 per person for Nokia, and third place was Nexans’ tire company with US$398,857 per capita. In 2008, the per capita sales income of 20 companies was 236,561 US dollars, 4.2% more than in 2007. The situation of the world's tire Big Three is very bad. Bridgestone’s 2008 net profit fell 92% from the previous year, and its sales revenue in 2009 is forecast to decline by 22% compared to 2008, and profits have fallen by 71%. Michelin's profit in 2008 decreased by 53.8% from the previous year. Goodyear fell into a loss in the fourth quarter of 2008, its quarterly operating income fell from 5.2 billion U.S. dollars in the same period of last year to 4.1 billion U.S. dollars, and profit from profit of 52 million U.S. dollars to loss of 330 million U.S. dollars. Although Chinese tire companies still maintain double-digit growth in sales revenue, profits have dropped significantly. According to statistics from 42 member companies of the China Tire Branch, there were 13 loss-making enterprises in 2008, the highest in recent years.
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