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PR Newswire
23-01-2018, 05:10 PM
Local Chinese tire manufacturers met with rubber chemical producers in Hainan China in Dec 2017. The Chinese article in the link below mentioned that representatives from Yanggu Huatai and Tianjin Kemai were present in the meeting. The article did not mention China Sunsine.
https://mp.weixin.qq.com/s/15xIEOwiy_KlKAK4Gs8ilA
Key points from the article:
1) Shortage in supply of rubber accelerators.
2) Tire manufacturers want stable supply of high quality accelerators. Price not as important.
3) Environment protection laws pose many challenges to the rubber chemical producers with 2000+ regulations, multiple licence applications, scrutiny by other authorities like water and population with increase risk of relocation of factories, frequent enforcement, environment related taxes etc.
Sunsine with zero borrowings and big cash and bank balances should be able to handle the challenges better than its competitors like Yangu Huatai and Tianjin Kemai. Also China Sunsine adopted green technologies in its production way ahead of the competitors too.
Likely that Sunsine's production can help fill the gap in the supply while its competitors in the next 2-3 years, provided they can get the funds, licenses/permits and land.
https://mp.weixin.qq.com/s/15xIEOwiy_KlKAK4Gs8ilA
Key points from the article:
1) Shortage in supply of rubber accelerators.
2) Tire manufacturers want stable supply of high quality accelerators. Price not as important.
3) Environment protection laws pose many challenges to the rubber chemical producers with 2000+ regulations, multiple licence applications, scrutiny by other authorities like water and population with increase risk of relocation of factories, frequent enforcement, environment related taxes etc.
Sunsine with zero borrowings and big cash and bank balances should be able to handle the challenges better than its competitors like Yangu Huatai and Tianjin Kemai. Also China Sunsine adopted green technologies in its production way ahead of the competitors too.
Likely that Sunsine's production can help fill the gap in the supply while its competitors in the next 2-3 years, provided they can get the funds, licenses/permits and land.