Recently, TireWorld.com has sorted out the list of the top 75 global tires from 2010 to 2019, and counted the nine Chinese tire companies that have disappeared from it.

These resounding names have witnessed the development and changes of China's tire industry in the past decade.

1. Shengtai Group

After the release of the top 75 global tires in 2019, Shengtai Group disappeared from it.

According to TireWorld.com, in 2010, Shengtai ranked 26th in the global ranking.

This large tire company headquartered in Guangrao, Shandong, reported a capital chain problem in 2017 and officially entered the bankruptcy reorganization process in 2019.

Currently, Guangrao is accelerating the leasing operation of Zhejiang Materials and Chemicals Group to Shengtai Group, striving to complete the reorganization within the year.

2. Yellow Sea Rubber

       As one of the cradles of China's contemporary tire industry, Huanghai Rubber has a profound background.

       However, this frequent visitor to the global top 75 tires has experienced many ups and downs in the asset integration of China National Chemical Rubber and Pirelli.

       In 2019, the Huanghai Rubber Factory was hosted by Zhejiang Tianlun Supply Chain Management Co., Ltd.

3. The first tire

      From 2010 to 2015, Beijing Capital Tire entered the top 75 global tires for many consecutive years.

      Since the Spring Festival in 2015, this large state-owned enterprise has not started construction and a large number of employees have been fired.

      In October of that year, Beijing Capital Tire officially declared bankruptcy.

4. Double Happiness Tire

      Shuangxi Tire is located in Shanxi Province and is one of the few large-scale tire companies in the region.

      In 2015, the company's ranking once rose to 44th in the world.

      Later, with the support of the parent company China National Chemical Rubber, their assets were injected into Fengshen Tire.

      In May 2018, Double Happiness Tire was renamed Fengshen Tire (Taiyuan) Co., Ltd.

5. Yongtai Group

Yongtai Group was once a star in Shandong Guangrao tire industry.

In 2016, this company ranked 32nd in the global tire industry.

However, the star quickly fell: In 2017, there was a problem with the capital chain; in 2018, the company officially went bankrupt; in 2019, the factory assets were taken by Huasheng Rubber.

6. Hengyu Group

In 2014, Hengyu was listed among the top 75 tires in the world, ranking 43rd.

      However, a year later, the market reported that they had capital chain problems.

      In 2018, the company filed for bankruptcy and reorganization with the Guangrao County Court.

      At present, the tire production lines of Hengyu Group have belonged to Yongsheng Rubber and Qingdao Double Star.

7. Friends tire

      On December 30, 2019, Friends Tire Manager issued an announcement to recruit investors for bankruptcy and reorganization.

      Before and after, many of the company's assets were publicly auctioned.

      This large-scale insolvent tire company has been among the top 75 tire companies in the world for many years.
 

8. Deruibao tires

In 2014, Shandong Deruibao Tire ranked 35th in the world, becoming a dark horse.

       However, just entering 2015, this tire company entered bankruptcy proceedings. The resulting interconnection and mutual insurance crisis has implicated many local tire          manufacturers.

      This crisis still has sequelae.

9. Sangong Rubber

      Since 2011, Shandong Sangong Rubber has been on the top 75 in the world for many years, with the highest ranking being 42.

      In 2019, the company was forced to go bankrupt and liquidated, and many land and properties were auctioned off to pay off debts.

      According to TireWorld.com, at present, many large domestic tire companies ranked among the top 75 in the world are still in the quagmire of "interconnection and mutual     insurance", and their capital chain is stretched.

     Can they survive 2020?

     (This article is the original work of TireWorld.com, please indicate the source: TireWorld.com)

Article source: Tire World