In 2018, due to the changes in domestic and foreign market environment, merger and reorganization of rubber enterprises have become more active, and bankruptcy has occurred frequently. The supply-side structural reform in rubber industry has been deepened continuously. On July 6, Doublestar Group acquired 45% equity of Kumho Tire for approximately RMB 3.9 Billion Yuan, officially becoming its controlling shareholder. This merger is expected to bring a multiplier effect to both parties. Sailun Group cooperated with Cooper Company deeply. On September 26, it announced to purchase 35% equity of Qingdao GRT for RMB 220 Million Yuan, with another 65% of the equity belonging to Cooper Company. On December 3, Aeolus Tyre announced that it transferred the entire equity of Yellow Sea Rubber and was no longer the trustee of 100% equity of Guilin Beili Tire. The company’s future development will be easy. In addition, there were many companies in Shandong province engaged in mergers, acquisitions or trusteeships, such as the acquisition of Longyue Tire by Huadong Rubber and the lease of Guofeng by Huasheng Rubber. At the same time, due to problems such as market and capital chain, some enterprises have bankruptcy liquidation and overall auctions, etc., such as Shandong Hengyu, O’Green, Shandong Yongtai, Chongqing Hengxu Rubber Products, Zhechen Rubber, Henan Zhongying Rubber and other companies. With a number of enterprises with small scale, poor product quality and low brand awareness being eliminated, the concentration of China’s rubber industry will be further improved.
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