Innoviation, adjustment for pushing rubber industry steady and rapid development

Since this year, the price of rubber and other main raw material surged and then slumped, national economic policy was adjusted, the RMB exchange rate changed, the volatility of international financial situation and weak market demand, brought serious challenges to the development of China rubber industry. Under the changing of overall economic environment and the growing of uncertain factors, the industry especially large and medium-sized enterprises responded actively, insisted on independent innovation, structural adjustment, priority to new products and producing according to sale, have literally promoted steady and rapid development of the rubber industry.

Rubber industry steady running and fast growth integrally

According to the statistics of key member enterprises by China rubber industry association:

Tires, the total output of 188 million pieces from January to September, growth of 9.8% compared with the same period of last year, growing rate fell 2.2% than the first half of the year, 14.7% growth of domestic enterprises, 4.6% growth of foreign funded enterprises.

Radial tire output of 149 million pieces, with year-on-year growth of 16.9%, 29.8% growth of domestic enterprises and 6.3% growth of foreign funded enterprises, Radial rate of 79.3% and  year-on-year increase of 6.7%, non radial Tyre reduced by 18%.

Total export quantity of Tires amounts to 82 million, with increase of 5.9%, growth rate fell 4.6% than the first half of the year, the domestic enterprises increases by 7.6%, the foreign capital enterprise growth of 4.2%.

Radial tire exports is 71 million pieces, with increase of 11.1%, fell 3.3% than the first half year, 23.7% growth of domestic enterprises, 5.7% growth of foreign invested enterprise.

Sales revenue growth of 22.0%, the domestic enterprises grew by 26.8%, foreign capital enterprises grew by 12.1%.

Just the overall situation, tires increase rate comparing last year has fallen significantly, in the third quarter than the first half of growth also fell, but the growth is realer, more in line with the market economy rule. Firstly for the tires the overall size and base are large, could not have extraordinary development year after year; Secondly it is the main growth point for the high and new tech radial tire products, in line with the market demand at home and abroad; Thirdly, on the basis of the digestion of raw material rises in price considerably and other unfavorable factors, pay attention to the enterprise economic benefit maximization; Forthly there is a steady decline in growth rate, without marked ups and downs; Fifthly Chinese famous brand products rose more than 18%, both have played an important role of the backbone of the stability, and embodied the brand benefits. These are also valuable in the international market.