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The rubber industry is optimistic about the overall economic operation
In 2008, China's synthetic rubber industry experienced a significant milestone as part of the "Eleventh Five-Year Plan" aimed at expanding domestic production capacity. Several major projects were expected to be completed and operational within the year. These included a 100,000-ton styrene-butadiene rubber (SBR) plant in Lanzhou, a 50,000-ton SBR facility in Huizhou Firestone, and a 100,000-ton thermoplastic styrene-butadiene rubber (SBS) unit by Li Changrong. Additionally, Taizhou Nantong planned to launch a 20,000-ton SEBS plant and a 50,000-ton butadiene rubber facility. Altogether, these new installations would add over 320,000 tons of synthetic rubber capacity.
With such a surge in supply, there was a growing concern that the domestic market might not absorb all of this new production. To address this, companies were encouraged to focus on import substitution, targeting both general trade and processing trade clients. At the same time, efforts were made to expand export channels, aiming to position Chinese synthetic rubber products globally.
Other rubber-related facilities, such as those producing neoprene and ethylene propylene rubber, also came online during 2008, further boosting the sector’s growth.
Turning to the tire industry, 2008 saw a strong performance with an estimated total output of 380 million tires, up about 15% from the previous year. Radial tire output reached 290 million units, reflecting a 25% increase. Profits for the sector were estimated at around 5.3 billion yuan, while overall profits and taxes totaled approximately 15.8 billion yuan. Export volumes and values were projected to rise by around 30% compared to 2007, with annual profits increasing by more than 50%. The export delivery value was expected to grow by about 40%.
Looking back at 2007, the tire market remained robust, with industrial output rising by roughly 25% year-on-year. Bicycle tire output increased by 15%, reaching about 200 million units, while motorcycle tire production grew by 20%, reaching 110 million units. In 2008, the tire industry continued its upward trend, with bicycle tire production expected to remain stable rather than decline sharply.
In addition, the production of conveyor belts, V-belts, and hoses also saw notable growth. Conveyor belt output reached 190 million square meters, V-belt production exceeded 1.3 billion meters, and hose production hit 560 million meters. Alongside economic development, the hose and belt industry focused on improving resource efficiency, energy conservation, and emissions reduction. Emphasis was placed on optimizing product design and formulas to maximize economic and social benefits while minimizing environmental impact.
The latex industry faced a challenging environment in 2008 due to factors like adjusted export tax rebates, a stronger yuan, and stricter energy and emission regulations. However, demand for latex products both domestically and internationally continued to grow, and government oversight helped maintain orderly competition. The industry was expected to grow by between 7% and 10% that year.
Carbon black production in 2007 showed steady and rapid growth, with national output reaching approximately 2.15 million tons, a 16% increase from the previous year. Companies with advanced technology and efficient operations dominated the market, contributing more than half of the industry’s total profits. Profit levels reached around 450 million yuan, up 60% compared to 2006. In 2008, the carbon black industry continued to grow, with a focus on circular economy principles and better utilization of coal tar resources. Investment was encouraged to be prudent to avoid overcapacity.
Regarding waste rubber utilization, the industry saw increased regional and corporate concentration in 2008. As production costs rose, smaller businesses struggled and some were eventually eliminated, preventing oversupply. Excessive investment had led to fierce competition, and the slower growth of tire production reduced demand for reclaimed rubber. It was expected that recycled rubber (including rubber powder) output would increase by around 10%, or about 2.4 million tons.