2011 REVIEW & 2012 PROSPECT

--Chinese Tyre Industry

Chinese New Year of Dragon starts, together with an Industry 2011 Review & 2012 Prospect.

* 2011 REVIEW

Generally speaking, 2011 is a hard year for Chinese tyre industry, but not bad year. Effected by the global economy slowed down, tyre exporting met more complex and difficult challenges, plus the unstable material costing, costs control were not easy. Hence the whole production life was tough. Fortunately under the agressive efforts of entire industry, we finally got a steady growth. Say, Chinese aggregate tyre production quantiy was 456 million units, which acheived 2.93% annual growth. And radial tyres accounts 87%. And aggregate sales revenue met annual growth of 21.2%. While total stocks decrease 8.5%.

* 2012 PROSPECT

According To Authoritative Forecasts, in year 2012, domestic Chinese auto sales valume will be about 18 million, hence drive the domestic tyre sales annual increase about 7%. Plus the overseas marketing forecasts, total tyre production qualtity should be about 483 million, with radial tyres accounts 89%.

The prospect is quite positive, but to catch this good oppertunity, need every tyre manufacture, as we SINORIENT TYRE CO.,LTD also, do best and embrace a better 2012.

Read More, please visit: http://auto.ifeng.com/news/parts/20120206/745870.shtml