Triangle Tyre Co. Ltd. announced that Ding Yuhua, executive chairman and director of the board, died unexpectedly on the morning of June 13, 2018. He was 69 years old.
During his 28 years with Triangle Tyre, Ding helped grow Triangle from a small provincial tire factory to one of the world’s largest full-line tire producers. A firm believer in innovation, under Ding’s leadership the company was awarded more patents than any other Chinese tire manufacturer. In addition, the Triangle R&D facilities were named the "National Laboratory" for the industry in China.
Triangle achieved many milestones under Ding’s leadership, but perhaps none were as important as the September 2016 listing on the Shanghai Stock Exchange, making Triangle a publicly traded company.
He had an inspiring vision for the company and a deep desire to make Triangle a strong, global brand. He was extremely proud and excited to have established Triangle Tire USA as the first step in that plan. His Dec. 19, 2017, joint announcement with the governor of North Carolina to build the first Triangle factory outside of China was another important step in fulfilling his vision.
Another important part of Chairman Ding’s legacy is the strong management team he built. This team will now be led by his son, Ding Mu, who will take over as the company’s new chairman. He will continue his father’s vision and legacy to make Triangle a strong global brand.
Two years ago, Modern Tire Dealer Publisher Greg Smith interviewed Ding in China. To read the article, visit "MTD Exclusive: Triangle's Ding on Globalization, Products, IPO and Tariffs."