DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/dvlcw9/global_and) has announced the addition of the "Global and Chinese Tire Mold Industry Report, 2013-2014" report to their offering.
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.
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.
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 Mechanical 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.
Key Topics Covered:
1. Overview of Tire Mold Industry
2. Development of Global Tire Mold Industry
3 Development of China Mold Industry
4 Demand of China Tire Mold Industry
5 Key Global Enterprises
6 Key Chinese Enterprises
7. Market Summary and Prospects
- A-Z Formen- und Maschinenbau GmbH
- Anhui Mcgill Mould Co., Ltd.
- Dongying Jintai Rubber Machinery Co., Ltd.
- Greatoo Inc.
- HERBERT Maschinenbau GmbH & Co. KG
- Hefei Dadao Mold Limited Liability Company
- MESNAC Precise Processing Industry Co., Ltd.
- Qingdao Yuantong Machinery Co., Ltd.
- Quality Mold Inc.
- Rongcheng Hongchang Mold Co., Ltd.
- SAEHWA IMC
- Shandong Himile Mechanical Science & Technology Co., Ltd.
- Shandong Hongji Mechanical Technology Co., Ltd.
- Shandong Wantong Mould Co., Ltd.
- Tianyang Mold Co., Ltd.
- Zhejiang Laifu Mould Co., Ltd
For more information visit http://www.researchandmarkets.com/research/dvlcw9/global_and