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China's tire companies performance in 2021

May 02, 2022

China's tire companies performance in 2021


Recently, China's major tire companies have released 2021 annual performance reports.


The China Rubber Association observed that most tyre companies saw year-on-year growth in production, sales and operating income for the full year, but profits fell due to a combination of soaring raw material costs, a rebound in local epidemics and export shipping strains.


Tire enterprise is the representative enterprise of rubber industry, from its management situation, we can see the new characteristics and trend of the development of the industry. Due to the impact of COVID-19, geopolitics and the global economic situation, Rubber Material related enterprises are facing challenges, and the market is also realizing survival of the fittest.

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