Zhang Hongmin, chairman of Shandong Rubber Industry Association, said that at present, the large-scale merger and reorganization of the domestic tire industry is the inevitable result of the survival of the fittest in the market economy.
He believes that a group of companies with small scale, poor product quality, and low brand awareness will be eliminated. The degree of industrial concentration will further increase.
According to Zhang Hongmin, in 2018, the Shandong tire industry is in a period of deep adjustment, and the number of tire companies will further decrease.
(This article is an original from Tire World Network)