Chinese rubber industry looks to future

ERJ staff report (DS)

Xi'an, China -- At a development forum for China's rubber industry, Fan Rende, president of the China Rubber Industry Association (CRIA) said China is aiming to become a great power in the global rubber industry. The current five year plan (11th) calls for the rubber industry to grow at the fastest pace ever.

Fan said that over the five-year period, the industry's total industrial output value will double to 1.2 trillion yuan, an average annual increase of 15 percent; rubber consumption will grow by 35 per cent to 9.5 million tons, an average CAGR of 7 percent.

A special report on Guangzhou Rubber Group Co., Ltd. highlighted the group's global development.

China's rubber machinery industry is facing uncertainty in the face of over-capacity for tyre manufacture in the country, according to speakers at the industry's annual meeting and seminar held in Xi'an on 25-27 September. The news came from a Chinese-language report on the website of China Rubber Industry Association.

Speakers said that China's rubber machinery industry can only become a world power if comapnies upgrade their technology and levels of service. Speakers said, "the rubber machinery industry must increase innovation, improve product quality, product upgrades as soon as possible, while R & D efforts, increase R & D investment, promote energy conservation, recycling, etc., to ensure the health of China's rubber machinery industry, stable and sustainable development."

Nearly 150 people attended the meeting.

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Report on CRIA website (Industry development) (Chinese language)

Above report auto-translated from Chinese

Report on CRIA website (Machinery) (Chinese language)

Above report auto-translated from Chinese