FW: China Reports: Global and China Tire Mold Industry Report, 2012-2015

Since 2011, the global tire market, especially the Chinese tire market, has seen slow growth, which directly impacts the market demand for tire molds. In 2012, China tire mold industry harvested the revenue of RMB3.01 billion or so, including RMB1.87 billion from automotive tire molds, only up 0.16% year on year. In terms of profitability, the performance of most Chinese tire mold manufacturers declined in 2012. During the first three quarters of 2012, Himile's revenue only increased by 0.37% year on year, and its net income fell by 6.28%. Meanwhile, the growth rate of Greatoo also slowed down, with the revenue being the same with that in the same period in 2011 and net income up by5.92%. Among other non-listed companies, the revenue of Shandong Dawang Jintai dropped by 21.77% year on year in 2012, and that of Yuantong witnessed a year-on-year decline of 12.26%. Seen from new construction project, there were merely two major tire mold projects in 2012: the tire mold project

Original Post Global and China Tire Mold Industry Report, 2012-2015