Dallas, TX (PRWEB) June 05, 2014
The high-speed growth in Himile’s tire mold business was mainly owing to its constantly-growing revenue from export sales, which accounted for 40.11% of the company’s total revenue in 2013, 2.96 percentage points higher than 2012, with CAGR up to 35% (2011-2013).
Meanwhile, Greatoo also continued to increase its investment in the tire mold business. In 2011, Greatoo put USD23 million into the radial tire mold production base construction in India; the project, put into production in 2012, now occupies about 30% share of India’s high-end tire mold market, with business radiation to the entire Southeast Asia. In July 2013, the “Large OTR and Special Tire Mold Expansion Project” went into operation, and brought benefit of RMB6.8355 million for the company that year.
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Both Himile and Greatoo are actively moving into new areas and creating new profit growth points while constantly developing their main business. The former thorough the acquisition of the Group company’s assets expanded new business; the latter extended to the upper steam of the industry chain.
On December 12, 2013, Himile purchased large gas turbine parts processing business projects and assets of Himile Machanical Manufacturing Co., Ltd. under the Group company with RMB114 million.
By virtue of the higher product and technical level of molds, Chinese tire mold enterprises will continue to enhance their comprehensive strength in the future. In the context of China’s ceaselessly-growing production and ownership of cars, its tire mold industry is bound to keep steady growth.
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The Chinese tire mold industry prosperity rose again in 2013, with annual sales approximating RMB3.565 billion, up 18.44% YoY, mainly because domestic tire companies successively proposed and expanded tire projects against a sharp decline of rubber prices in 2013, which pulled the tire mold demand.
Judging from the earnings of key enterprises, China’s major tire mold enterprises showed varying degrees of growth in sales in 2013, of which, Shandong Himile Mechanical Science & Technology Co., Ltd. as the tire mold industry leader performed outstandingly, its sales from tire mold rose 57.11% YoY to RMB1.057 billion; followed by Greatoo Inc. whose tire mold sales attaining RMB468 million, up 14.04% YoY.
Global and China Tire Mold Industry Report, 2013-2014 mainly covers the followings:
Few Points from Table of Contents
6 Key Chinese Enterprises
6.1 Shandong Himile Mechanical Science & Technology Co., Ltd.
6.2 Greatoo Inc.
6.3 Tianyang Mold Co., Ltd.
6.4 Shandong Wantong Mould Co., Ltd.
6.5 Dongying Jintai Rubber Machinery Co., Ltd.
6.6 Qingdao Yuantong Machinery Co., Ltd.
6.7 Hefei Dadao Mold Limited Liability Company
6.8 Shandong Hongji Mechanical Technology Co., Ltd.
6.9 Rongcheng Hongchang Mold Co., Ltd.
6.10 Anhui Mcgill Mould Co., Ltd.
6.11 Zhejiang Laifu Mould Co., Ltd
6.12 MESNAC Precise Processing Industry Co., Ltd.
List of Charts
Classification of Tire Mold
Classification of Segmented Radial Tire Mold
Upstream and Downstream of Tire Mold Industry
Comparison of Tire Mold Pattern Processing Technologies in China
Global Radial Tire Output and Its YoY Growth, 2007-2013
Business Modes of Major Tire Mold Manufacturers in the World
Global Tire Mold Market Share
Policies and Regulations on China Tire Mold Industry, 2005-2014
Development History of China Tire Mold Industry
Capacity of Major Tire Mold Manufacturers in China, 2013
Expansion Plans of Major Tire Producers in China
Sales of China Tire Mold Industry, 2010-2013
Product Comparison of Major Tire Mold Manufacturers in the World
Chinese Tire Mold Market Share
TOP 10 Tire Mold Manufacturers (by Sales) in China, 2013
YoY Growth in Revenue of Major Listed Tire Mold Companies, 2009-2014
YoY Growth in Net Income of Major Listed Tire Mold Companies in China, 2009-2014
% of Export Revenue of Major Listed Tire Mold Companies in China, 2009-2013
Cost Structure of Tire Mold Production in China
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