ERJ staff report (DS)
Beijing -- China's suppliers of rubber machinery are enjoying a boom in sales both in China and in the developed world.
Data from the Rubber Machinery Professional Committee of China Chemical Equipment Association shows that the combined sales and profits of the top 30 rubber machinery makers in China reached record figures in 2011, with sales to domestic players and also to the top-10 tyre makers in the world.
According to the statistics, China's top 30 rubber machinery manufacturers, reported a combined 2011 sales revenue of 8.85 billion yuan (euro 1000 million), an increase of 18 percent over the previous year, On this basis, China's rubber machinery industry in 2011 total sales revenue reached 11.6 billion yuan, compared with an increase of 10.5 percent in 2009.
The report noted that the top three companies and the top ten companies increased their share of the total, suggesting that bigger companies fare better than smaller companies in this market. The proportion of the top 3 sales revenue increased to 33.5 percent from 26.5 percent, and seizure of the top 10 growth from 55.3 percent to 59.8 percent.
CRIA noted that sales growth in China was due mainly to non-tyre investments. The tyre industry investment slowed significantly in China, but the non-tyre segment accelerated, , especially in conveyer belts and, rubber hose.
China's rubber machinery export in 2011 increased by 16.5 percent to around $ 200 million, accounting for 10.9 percent of the total sales revenue. This figure represents an increase of some 50 percent, due to a whole tyre project in Myanmar and also strong growth in the Indian region.
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News report on CRIA website Chinese language
Headline Above story auto-translated into English (from Chinese)