In the first half of 2009, what happened in the tire industry seemed particularly high. Undoubtedly, the rise and fall of the tire industry is highly correlated with the rise and fall of the auto industry. Nowadays, the global auto industry is in a downturn and the tire industry seems equally turbulent. Several well-known brand tires are in the corner due to financial crisis or quality reasons. The current China-US tire special protection case is also in full swing. Industry consolidation is imperative. Michelin Abolishes Beijing Representative Office At the end of July 2009, the Michelin Company confirmed to the China Bus Network reporter that it will abolish the Michelin Beijing representative office that has been operating for 20 years, and related functional departments will be moved to Shanghai Headquarters of Michelin (China) Investment Co., Ltd. in Beijing in May next year. Employees will freely choose to work in Shanghai or receive compensation and resign. Michelin said that this change will help improve the operational efficiency of Michelin China and promote the professional development of employees within the company. I think this is also an expedient measure under the weight of the financial crisis. Since 2009, Michelin has temporarily suspended production or closed its Algeria factory, the North America-based Apelama factory in North America, and its plant site in Noelle Selin, northern France. In the past eight years, Michelin's marketing department has been located in Beijing, and Michelin's growth in the Chinese market has also reached 10% to 20%. Nowadays, the withdrawal of the Michelin is inevitably filled with emotion. Kumho-Korean Kicked Drum Pack Door On May 5, 2009, in the official website of the General Administration of Quality Supervision, Inspection and Quarantine, there was a report entitled "AQSIQ received a complaint that car complaints increased by 36.8% year-on-year and group complaints increased year by year". The report quoted the Chinese Consumer Association According to the statistics, auto complaints accounted for 63% of the total complaints in 2008, 90% of which were complaints of car quality. It also said that among the 495 complaints against tires, the more serious ones were Kumho Tire's bulging and side cracks and Hankook Tire's bulging problem. Subsequently, Kumho Tire conducted free tire testing activities at 100 designated Kumho tire stores in 65 cities across the country. Said that if it is caused by the production quality problems, Kumho Tire will be replaced for free, which is in disgrace to acknowledge the potential safety hazards of Kumho Tire. General Manager Jin Yujun of Kumho China even said in an interview with reporters that the bulging responsibility was caused by the unspoken rules of the tire industry and caused the industry to become stunned. At present, the hidden danger of tires has become the "biggest killer" of traffic accidents in China. According to information from the traffic police department, 46% of all traffic accidents in the country occurred on the expressway. On highways, 70% of traffic accidents are caused by “flat tiresâ€, and the mortality rate of “flat tires†that exceed 160 km/h is 100%. Dunlop Goodyear loses heavily Sumitomo Rubber General Manager Norio Yoshi told reporters that from October 2008, Sumitomo Rubber's tire production began to decline, and the overall decline rate was more than 30%. Sumitomo Rubber Factory in Changshu, mainly produces passenger cars (including four-wheel drive vehicles) and card and passenger car tires. After the outbreak of the financial crisis, both passenger car tires and truck tires were affected to varying degrees. "Since automobile plants have reduced production, sales of passenger car tires have declined. In contrast, truck tires have been hit harder." Goodyear, the largest tire manufacturer in the United States and the third largest in the world, launched 19 new products in the second quarter of 2009, cut costs by 200 million U.S. dollars, and laid off 1,700 jobs. Together with the layoffs of 3,800 people in the first quarter, the company has exceeded the annual target of cutting 5,000 jobs. Even so, it did not escape the fate of a loss of $221 million in the second quarter. In addition, Amtel Tire Company, the 22nd tire company in the world in 2008, filed for bankruptcy protection in July 2009. It was the first 75 tire companies in the world to seek bankruptcy protection after the financial crisis. Emmett has submitted a bankruptcy protection application to the Arbitration Court in Moscow, Russia. The company’s current economic situation is very poor, and many creditors demand repayment or freeze assets. Industry consolidation is imperative In order to ease the impact of the financial crisis, the Ministry of Industry and Information Technology has approved a number of projects some time ago, many of which are tire projects, some of which are similar to existing products with excess capacity. According to Tan Yukun, deputy secretary-general of the China Rubber Association’s tire division, it is necessary to prevent new overheating and blind investment. He believes that the global economic crisis is an external cause and that supply exceeds demand is the key to the tire industry. In the context of the marked decline in the auto market around the world and the sharp decline in consumer demand, the Chinese tire industry has not escaped the impact of the global financial crisis and has already felt the crisis. In the face of the fierce financial crisis, industry consolidation is imperative. Who will be able to turn the tide in this storm and who will not be able to recover? Fungicides,Early Onset Medication,Rice Sheath Blight,Wheat Sheath Blight Anhui Meiland Agricultural Development Co., Ltd , https://www.meilandagro.com