It is understood that Xuzhou Huayang Tire is the first tire enterprise to declare bankruptcy this year.
Founded in 2006, the company mainly deals in retreading engineering vehicle tires, automobile tires and forklift tires, with an annual production of more than 20,000 retreaded tires.
20 15 Xuzhou Huayang Tire was sued by Jiangsu Pizhou Rural Commercial Bank Co., Ltd. for financial loan contract disputes, and was later listed as an executor of bad faith for many times.
There are more and more bankrupt tire enterprises.
In recent years, due to the slowdown of economic growth and the further increase of export pressure, more and more tire enterprises in China went bankrupt/were auctioned.
This year, due to the overcapacity of the industry, the deterioration of the international trade environment and the epidemic situation, the tire industry is extremely difficult. According to statistics, in the first half of 2020 alone, 3 1 tire enterprises went bankrupt or were auctioned.
Back to 20 19, according to incomplete statistics, at least 36 tire enterprises went bankrupt.
Chopin said
In today's depressed economic situation, the tire industry is facing a major reshuffle, and it is an inevitable trend for enterprises with low technical content and poor credit to decline.
In the future, the tire industry will face more fierce competition, and tire enterprises with poor management and lack of core technology will accelerate their withdrawal. And with the further integration of resources, the tire industry will be more centralized.
In this situation, the only way to avoid being abandoned by the torrent of the times is to build the core competitiveness of enterprises, actively adjust the coping strategies, carry out technical layout, transform and upgrade tire enterprises, adjust the structure and achieve high-quality development.
This article comes from car home, the author of the car manufacturer, and does not represent car home's position.