Since 2014, tire companies have been hit by thunderstorms one after another, and the tire industry has not been very peaceful, and the reshuffle period has continued until now. In the past two years, a pair of invisible hands have reached into the tire circle and intervened in the tire business. Not only does it appear to be inexperienced, but it has expanded step by step. I don’t know if it promotes the development of China’s tire industry or muddies the waters during the reshuffle period?

Since Wuchan Chemical first entered the tire circle in 2018, it has made waves. Zhejiang Wuchan Chemical stated on November 1, 2018: Wuchan Chemical's Shandong Ogorui tire project was officially launched. Shandong Ogorui Tire, which was already bankrupt, was taken over by Zhejiang Wuchan Chemical Industry and continues to produce tires. Ogorui Tire is revived.

At that time, the cooperation between Wuchan Chemical and Ogory attracted the attention of the local government, which triggered the tire industry and the upstream and downstream industries to pay attention to Wuchan Chemical - the 2 million unit Ogory project, plus 120 Shandong Haoke project with 10,000 units. At that time, it seemed that Wuchan Chemical had taken over a big deal. At present, Shandong Haoke has been taken over by Wuchan Chemical. That is to say, Shandong Haoke's debts have been taken over by Wuchan Chemical, while Ogore is still only leasing production and has not Swallow it whole.

On March 30, 2019, Shandong Huasheng Rubber Co., Ltd. and Zhejiang Wuchan Chemical Group Co., Ltd. held a cooperation signing ceremony in Guangrao County. According to the agreement, both parties are prepared to jointly establish Shandong Linghang Tire Co., Ltd. Huasheng Rubber and Zhejiang Wuchan Chemical are preparing to cooperate in managed tire business projects, tire asset acquisition, centralized procurement, tire sales and other aspects in Guangrao County through Pilot Tire. It can be seen that Wuchan Chemical wanted to acquire a tire company to fill the gap in the tire manufacturing process, but for some unknown reason, Wuchan Chemical did not do so in the end.

After entering 2020, Wuchan Chemical’s actions in the tire industry seem to be even greater! The whereabouts of Shengtai Group, which declared bankruptcy in 2019, has been the focus of many people. On July 31, 2020, managers of 13 companies including Shengtai Group Co., Ltd. issued the "Reorganization Investor Recruitment Announcement". Later, media reported that Guangrao County We are vigorously promoting the upgrading of bankrupt and reorganized enterprises. The focus is to accelerate the leasing operation of Zhejiang Wuchan Chemical Group to Shengtai Group and complete the reorganization within the year.

This also seems to indicate that Wuchan Chemical has no intention to accept Shengtai Group. Shengtai Group is also a relatively large tire company in the tire industry. Reorganization is difficult and no one is willing to make this happen. A company has reached the stage of bankruptcy. After all, the thunderstorm of such a tire company is not a trivial matter. It only leases but does not take over. Will it be accepted if it continues like this?

The local government of Guangrao attaches great importance to the arrival of Wuchang Chemical Industry. The current interconnection and mutual insurance model has put many tire companies in dire straits, and they are in urgent need of a savior. Is Wuchang Chemical Union that company?

This article comes from the author of Autohome Chejiahao and does not represent the views and positions of Autohome.