Chinese bypassing American anti-dumping measures through Serbia – Linglong’s premium tires from Zrenjanin prepared for USA
Source: eKapija
Friday, 08.11.2024.
12:00
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Illustration (Photo: Bill Ragan/shutterstock.com)
Hubtrac, a premium brand of the Chinese tire producer Linglong, plans to enter the American market next year through online and offline channels, offering 24/7 services of replacement and maintenance of tires, reported the Tyrepress magazine.
After the production base in Serbia has been completed, the Hubtrac brand announced that the tires developed by their German and American designer teams were custom-made for the US market, the publication writes.
Linglong has a research-development center in the USA, in Ohio – Linglong Americas Inc, which operates within the parent company Shandong Linglong Tyre.
Last summer, the USA extended the anti-dumping measures for truck tires from China introduced in 2019 by another five years. The decision of August 8 means that the compensation customs fees of 21-63.3% and anti-dumping customs fees of 9-22.6% on Chinese TBR tires will remain in effect until the next revision in 2029.
Very quickly upon the introduction of these protectionist measures, as soon as 2020, Linglong Tire launched its new brand Hubtrac and announced that it would export it to the USA.
The Hubtrac brand primarily includes TBR and special series of tires with an improved design and higher resilience, so as to meet the high standards of the American market.
As Tyrepress reported at the time, the producer intends to use the advantages of its factories in Thailand and Serbia for the production, so as to avoid the anti-dumping and compensation customs on Chinese products.
In the meantime, the US Department of Commerce opened an investigation about the anti-dumping customs fees on tires for passenger vehicles and light trucks from Thailand, implementing an anti-dumping tax of 21% on the products from the Linglong Tire factory in the country, but the rate was lowered to 4.5%.
Linglong Tire announced in July this year that it had received a USD 56.1 million anti-dumping tax refund from the US authorities for its factory in Thailand, Yicai Global reported.
Read more:
China is among the top 10 exporters of tires to the USA, but the exports have dropped in the past years due to the anti-dumping measures.
Let us remind that Linglong’s tire factory in Serbia, whose construction started in 2019, officially started the serial production of tires in Zrenjanin in mid-September this year.
According to the president of Serbia, Aleksandar Vucic, the factory in which USD 1 billion was invested will export tires worth EUR 200 million this year and EUR 500 million next year.
– In three to five years, it will be among the top three companies when it comes to exports from Serbia – Vucic said two months ago.
The company also plans an additional investment of EUR 645 million in a production increase.
As Linglong announced earlier, the production of high-performance radial tires at the factory in Free Zone Zrenjanin will be increased by 1.1 million units a year, which will include 800,000 tires for buses and trucks.
B. P.
Tags:
Linglong Tire
Linglong Zrenjanin
Hubtrac
production of tires
truck tires
export of truck tires to USA
anti dumping customs fees on Chinese tires
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