Industry news

1. Tire enterprises invested 1.94 billion to build an intelligent manufacturing project with an annual output of 380000 all steel engineering radial tires. Guizhou tire has announced that the company held the first meeting of the eighth board of directors and the first meeting of the eighth board of supervisors on April 15, 2022, successfully considered and passed that project. The total investment of the project submitted for approval is 1.94 billion yuan. It is known that the construction period is two years and six months. The total investment is 1940347900 yuan, including 1798450700 yuan for construction investment, 64.4532 million yuan for interest during  77.444 million yuan for fundamental working capital.

2. Net profit of carbon black leader in the first quarter fell by more than 80% year-on-year.Longxing Chemical recently announced that it expects the net profit in the first quarter of 2022 to be 10-14 million yuan, with a year-on-year decrease of 82.51% - 87.51%. In the first quarter of 2022, due to the impact of the national epidemic and other external factors, upstream customers and downstream suppliers stopped and limited their production significantly, the downstream market was depressed, the price downward in fluctuation, and the raw fuel price rose highly, compressing the profit space of the industry. The company's expected achievement in the first quarter of 2022 decreased year-on-year, and the net profit of shareholders of listed companies is expected to be 10 million yuan to 14 million yuan. Although the profit in the first quarter decreased year-on-year, in the last year, the company's investment in technology research and development has increased and the product quality has been improved steadily. Due to the impact of the Russian Ukrainian war, the company's export orders increased significantly since March 2022, the proportion of foreign market supply increased, the demand of domestic customers was stable, and the market expectation in the future was good.

3. ASTM is going to proposed carbon black international standard, announced that carbon black may be recycled, and the traditional carbon black market may be compressed in the future.ASTM International recycled carbon black (RCB) committee is negotiating a standard to distinguish different RCB products and provide quality control tools for manufacturers and users.ASTM members said that the proposed standard (wk81244) will explain how to determine the volume composition parameters of RCB by thermogravimetric analysis (TGA). TGA can also determine organic residues, ash content and total carbon content.At present, the domestic RCB is developing rapidly and the number of production enterprises is increasing. The well-known tire enterprise Shuangxing company has already begun to invest and build factories in Qingdao, Shandong, Runan, Henan and other places. Last year, global tire giants Bridgestone and Michelin also reached a consensus to jointly improve the utilization rate of recycled carbon black in tires in the future.