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Provincial Department, Field Research Dongying Tire Industry!

Dec 05, 2018

On November 28th, Mr. Liang Zhenjiang, Director of the Raw Materials Department of the Shandong Provincial Department of Industry and Information Technology, and other people came to Dongying City to carry out research on the tire industry, such as Xingyuan Group, Wanda Baotong, Jinyu Tire, Shandong Yongsheng and Fangxing Tire. Tire companies participated in the research work symposium.


The research team of the Industry and Information Department learned about the economic operation of the tire industry in Dongying City since the beginning of this year. In terms of foreign trade, Shandong Hengfeng, Shandong Yongsheng and Jinyu Industrial ranked the top three in the city, and the first three quarters of Dongying City’s cumulative exports The total value of tires was 14.73 billion yuan, a year-on-year increase of 11.3%, accounting for 54.3% of the province.


The participating enterprises also expressed to the Provincial Department of Industry and Information Technology the difficulties faced by enterprises in the current situation. They pointed out that there are still many problems in the tire industry, such as shortage of funds, insufficient ability of scientific and technological innovation, and weak brand competitiveness. They also implemented Specific proposals were put forward for the implementation plan for accelerating the high-quality development of the seven high-energy-consuming industries.


First, promote mergers and acquisitions and resource integration, and implement large enterprise development strategies. Accelerate mergers and acquisitions of enterprises, and encourage key enterprises with large growth potential to formulate detailed M&A strategies to merge and restructure difficult and backward enterprises on the basis of fully assessing their M&A capabilities, improve industry concentration, and promote resource optimization to form economies of scale.


Second, increase scientific and technological innovation. Give full play to the platform of Guangrao Research Institute of National Tire Technology and Control Engineering Technology Research Center, provide platform services for enterprises to carry out tire basic research and major technology projects, and guide enterprises to increase scientific research investment.


Third, reasonable control of the scale of production capacity to encourage the development of high-performance radial tires and agricultural radial tires and other high-end projects.


Fourth, expand financing channels and solve the problem of shortage of funds. Give play to the guiding role of Guangrao Rubber Tire Industry Fund, and promote industrial restructuring, transformation and upgrading. Increase coordination and encourage various financial institutions to actively seek policy support and increase credit funds.


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