After experiencing the investment boom from 2006 to 2007 and the rare silence from 2009 to 2010, the demand for radial tires in the global engineering industry has rapidly recovered. At present, the global reproduction of engineering radial tire production boom.
US demand or innovation is high According to the figures disclosed by the Construction Machinery Tire Industry Association, the demand for construction machinery tires in the United States will reach more than 300,000 units this year, which is expected to exceed the 2007 shipment peak. If the construction of U.S. commercial housing recovers, demand may further increase.
As the global, especially the BRIC countries (Brazil, Russia, India, and China) have increased their demand for commodities, especially steel, coal, and oil, the outlook for mining tires is optimistic. In the United States, the number of mining tires only accounts for 10% of the construction machinery tires shipments, but it accounts for 51% of the market value of the construction machinery tire industry.
This year, the proportion of original and replacement tyres for the US construction machinery tyres is roughly the same. With vehicles shipped to overseas customers, the demand for original tyres will be slightly higher. Although US construction machinery tires accounted for 75% of the construction machinery tires, they only accounted for 30% of the market value of construction machinery tires.
The demand for construction machinery tires depends on the performance of the housing construction industry. The recovery of demand for tires for the concrete industry will depend on the revival of real estate and road construction.
The company is widely used in production and sales. North America is one of the four major markets for construction vehicle tires (especially all-steel giant tires). It is the world’s largest engineering tire production base, and its engineering tire output accounts for more than one third of the world’s total. The production status of engineering tires in North America is a barometer of the world's engineering tire market. At present, the North American engineering tire factory is generally prosperous.
“Michelin engineering tires are almost exclusively used before they leave the factory,†said Pete Salek, chairman and president of Michelin Tire North America. “The company is optimistic about the long-term prospects of large-scale bulldozer tires and has decided to implement 750 million U.S. dollars in the United States. The expansion plans to create 500 jobs.The factories we are building are to serve the global market.There are also some products - about 30% of heavy dozer tires will be sold to Canada, mainly for the development of oil sands there. â€
Another company in the United States, engineering and agricultural tire specialists, Tientan, saw its sales revenue increase by 65% ​​year-on-year in the first quarter of this year, mainly due to an increase in sales of engineering tires, especially engineering giant tires. All Firestone's engineering tires in the United States are currently producing at full capacity, and it is still difficult to meet market demand.
Expanding production boom Bridgestone and Michelin, the world's leading manufacturers of construction tires, are optimistic about this year's construction tire market and are particularly bullish on mining engineering tires. Both companies plan to increase their production capacity.
Bridgestone announced at the end of last year that by 2014, it will invest 1.2 billion U.S. dollars to build a giant engineering tire factory in Aiken County, South Carolina, USA; invest 60.50 million U.S. dollars to expand the production capacity of small and medium-sized engineering tires in Hofu Prefecture, Japan; Invested 20 million U.S. dollars to expand the production capacity of engineering tires in Ilumos Bloomington, USA.
On February 14, the company announced that it will invest 60 million U.S. dollars to expand the production capacity of the Kyushu engineering tire factory in Japan before 2014; on March 5, it announced that it will build a large-scale tire factory for construction vehicle vehicles in Thailand. The investment amount is approximately 50 billion yen, and production is planned for the first half of 2015.
The French tire manufacturer Michelin Group announced on April 10 that in order to increase the production capacity of large-scale tires for construction equipment, the group plans to invest US$750 million to build a second engineering tire plant in Anderson County, South Carolina, USA. The Lexington engineering tire factory in the state is expanding.
Construction of the new plant will begin within a few weeks, and it is expected to be completed and put into operation by the end of 2013. By then, large-scale radial tires will be provided for North American and other places.
Bridgestone and Michelin have demonstrated a demonstration effect on the expansion of engineering tires, and the wave of expansion has rapidly emerged throughout the world. U.S. Special Tire Company announced that it will invest in the modernization of its plant in Indiana County headquarters to expand its engineering radial tire production capacity.
European Tire Co., Ltd.'s Romanian plant is sourcing equipment, and it is expected that by July this year, it will add 2,000 sets of giant tires annually. BKT India purchased a number of engineering tire building machines in Tianjin, China, at the beginning of the year. It is expected that the newly added engineering tires will have a capacity of 80,000 sets/year.
The expansion of China's engineering fetus, especially the all-steel giant, is not far behind. According to preliminary statistics, as many as 10 or more engineering tire molding machines are currently on or in China, and it is expected that the capacity of newly added steel giant tires will be 10,000 sets/year or more.
US demand or innovation is high According to the figures disclosed by the Construction Machinery Tire Industry Association, the demand for construction machinery tires in the United States will reach more than 300,000 units this year, which is expected to exceed the 2007 shipment peak. If the construction of U.S. commercial housing recovers, demand may further increase.
As the global, especially the BRIC countries (Brazil, Russia, India, and China) have increased their demand for commodities, especially steel, coal, and oil, the outlook for mining tires is optimistic. In the United States, the number of mining tires only accounts for 10% of the construction machinery tires shipments, but it accounts for 51% of the market value of the construction machinery tire industry.
This year, the proportion of original and replacement tyres for the US construction machinery tyres is roughly the same. With vehicles shipped to overseas customers, the demand for original tyres will be slightly higher. Although US construction machinery tires accounted for 75% of the construction machinery tires, they only accounted for 30% of the market value of construction machinery tires.
The demand for construction machinery tires depends on the performance of the housing construction industry. The recovery of demand for tires for the concrete industry will depend on the revival of real estate and road construction.
The company is widely used in production and sales. North America is one of the four major markets for construction vehicle tires (especially all-steel giant tires). It is the world’s largest engineering tire production base, and its engineering tire output accounts for more than one third of the world’s total. The production status of engineering tires in North America is a barometer of the world's engineering tire market. At present, the North American engineering tire factory is generally prosperous.
“Michelin engineering tires are almost exclusively used before they leave the factory,†said Pete Salek, chairman and president of Michelin Tire North America. “The company is optimistic about the long-term prospects of large-scale bulldozer tires and has decided to implement 750 million U.S. dollars in the United States. The expansion plans to create 500 jobs.The factories we are building are to serve the global market.There are also some products - about 30% of heavy dozer tires will be sold to Canada, mainly for the development of oil sands there. â€
Another company in the United States, engineering and agricultural tire specialists, Tientan, saw its sales revenue increase by 65% ​​year-on-year in the first quarter of this year, mainly due to an increase in sales of engineering tires, especially engineering giant tires. All Firestone's engineering tires in the United States are currently producing at full capacity, and it is still difficult to meet market demand.
Expanding production boom Bridgestone and Michelin, the world's leading manufacturers of construction tires, are optimistic about this year's construction tire market and are particularly bullish on mining engineering tires. Both companies plan to increase their production capacity.
Bridgestone announced at the end of last year that by 2014, it will invest 1.2 billion U.S. dollars to build a giant engineering tire factory in Aiken County, South Carolina, USA; invest 60.50 million U.S. dollars to expand the production capacity of small and medium-sized engineering tires in Hofu Prefecture, Japan; Invested 20 million U.S. dollars to expand the production capacity of engineering tires in Ilumos Bloomington, USA.
On February 14, the company announced that it will invest 60 million U.S. dollars to expand the production capacity of the Kyushu engineering tire factory in Japan before 2014; on March 5, it announced that it will build a large-scale tire factory for construction vehicle vehicles in Thailand. The investment amount is approximately 50 billion yen, and production is planned for the first half of 2015.
The French tire manufacturer Michelin Group announced on April 10 that in order to increase the production capacity of large-scale tires for construction equipment, the group plans to invest US$750 million to build a second engineering tire plant in Anderson County, South Carolina, USA. The Lexington engineering tire factory in the state is expanding.
Construction of the new plant will begin within a few weeks, and it is expected to be completed and put into operation by the end of 2013. By then, large-scale radial tires will be provided for North American and other places.
Bridgestone and Michelin have demonstrated a demonstration effect on the expansion of engineering tires, and the wave of expansion has rapidly emerged throughout the world. U.S. Special Tire Company announced that it will invest in the modernization of its plant in Indiana County headquarters to expand its engineering radial tire production capacity.
European Tire Co., Ltd.'s Romanian plant is sourcing equipment, and it is expected that by July this year, it will add 2,000 sets of giant tires annually. BKT India purchased a number of engineering tire building machines in Tianjin, China, at the beginning of the year. It is expected that the newly added engineering tires will have a capacity of 80,000 sets/year.
The expansion of China's engineering fetus, especially the all-steel giant, is not far behind. According to preliminary statistics, as many as 10 or more engineering tire molding machines are currently on or in China, and it is expected that the capacity of newly added steel giant tires will be 10,000 sets/year or more.
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