Zhongce Rubber Group Co. Ltd. (ZC Rubber) plans to establish a "Future Factory" plant in Hangzhou, China, Shen Jinrong, the company's chairman, announced during the firm's recent China Distributors Conference.
ZC Rubber America Inc. is opening a new distribution center in December 2020 so serve the eastern U.S. The warehouse, located in Statesville, N.C., will serve as the distribution hub for Arisun truck tire customers and dealers in the region.
The U.S. truck tire market looked much different at the end of last year than it does now. Through the end of 2019, 18.7 million medium truck tires had been shipped through the replacement downward trajectory, but numbers were still at respectable levels. And tonnage was increasing, albeit slightly. Then, not too long later, COVID-19 hit. And to say that things have not been the same since is an understatement.
Modern Tire Dealer broke down the CUV and SUV tire segments by asking three all-important questions covering the forecast for the next five years, product mix, and where there’s the greatest growth. Nineteen tire makers weighed in.
Imports of radial truck tires from China into the U.S. have dropped 25% in the first three months of 2019, from more than 1.8 million to just shy of 1.4 million, compared to the same period a year ago.