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Tyre bosses gather online to advise the industry

Wang Feng, Chairman of Aeolus Tyre Co., Ltd., shared the development of Aeolus Tyre. Regarding the problem of overcapacity in the Asia-Pacific and China regions, Wang Feng suggested guiding outstanding companies to resolve and upgrade through reorganization and mergers.

Dekun Energy is about to start production, Shandong will welcome the largest private crude oil storage in China

On August 16, Shandong Huaxin Industry and Trade Group launched an on-site observation meeting on the construction of crude oil storage depot under Rizhao Dekun Energy Co., Ltd. Dekun Energy's crude oil storage depot construction project is nearing completion and is expected to be officially put into operation in September. After the project is officially put into operation, adding to the existing storage capacity of Rizhao Hankun Energy Co., Ltd., which is also a subsidiary of Huaxin Industry and Trade Group, a total crude oil storage capacity of 4.2 million cubic meters will exceed that of Zhonggu Storage and Transportation (Zhousha

Hurricanes and tropical storms cause U.S. oil and gas production to decline, international oil prices rebound

Affected by U.S. hurricanes and tropical storms, more than half of the Gulf of Mexico’s offshore oil production was shut down, and nearly half of the natural gas production was suspended. International oil prices rebounded. Monday (August 24) New York Mercantile Exchange West Texas Light Oil October 2020 crude oil futures settled at US$42.62 per barrel, up US$0.28 or 0.7% from the previous trading day, trading range of US$42.23-42.89; London The October 2020 futures settlement price of Brent crude oil on the Intercontinental Exchange was US$45.13 per barrel, an increase of US$0.78 or 1.8% over the previous trading day. The trading range was US$44.29-45.18. Hurricane Marco and tropical storm Lau

Shandong Tire Capacity Replacement Implementation Measures Solicited Comments

The "Draft for Comments" stipulates that, except for major national and provincial projects and supporting projects that clearly do not require replacement, tire, chlor-alkali, and nitrogen fertilizer construction projects should undergo capacity replacement. Among them, the conversion ratio of radial tire casing capacity is replaced by 1.05:1; the production capacity of other tires is replaced by 1.2:1. Capacity replacement can be carried out within the enterprise itself or between enterprises. The production capacity involved in the replacement should be the actual production capacity that is legal and compliant. Outdated production capacity that has exceeded the state's explicit elimination period and the exit

China has new actions after the Lebanon explosion

On the evening of August 4, local time, a large explosion occurred in the port area of Beirut, the capital of Lebanon, killing at least 137 people and injuring more than 5,000. The investigation stated that the explosion was caused by improper storage of 2,750 tons of ammonium nitrate at the port.

Xi Jinping hosted a symposium on entrepreneurs

On July 21, General Secretary Xi Jinping presided over a symposium on entrepreneurs in Beijing and delivered an important speech. learned from public information that there were a number of content in this symposium that would benefit the development of the tire industry.
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