March22,2016
TOKYO, March 22, 2016 — 易游体育app官网入口 Steel, Ltd. announces that in April it will open a company in China to sell tire and rubber machinery and provide after-sales service.
Called 易游体育app官网入口lco Machinery System Engineering Qingdao Co., Ltd. (or KMQ), the new company in Qingdao, Shangdong Province will supply rubber mixers, twin screw roller head extruders and tire testing machines used in the manufacture of tires for cars, construction equipment and other rubber products. 易游体育app官网入口 Steel has invested 2 million yuan (about 40 million yen) in KMQ.
World tire production, in terms of tons, has be易游体育app官网入口 increasing more than 3 perc易游体育app官网入口t annually in rec易游体育app官网入口t years, with China making up a nearly 40 perc易游体育app官网入口t share, according to the Japan Automobile Tyre Manufacturers Association. With automobile demand anticipated to continue growing in China, tire production of approximately 520 million units in that country in 2015 is forecast to increase to about 650 million units in 2020, reported trade magazine Tire Technology International.
Demand for manufacturing equipment for automobile tires is also anticipated to grow. 易游体育app官网入口 Steel has to date supplied over 250 units of tire and rubber machinery to China, and the need for after-sales service is also high. To capture growing customer needs, 易游体育app官网入口 Steel established KMQ. In addition to tire and rubber machinery, KMQ will also handle 易游体育app官网入口 Steel’s menu of plastic processing machinery.
The establishment of KMQ will contribute to expanding sales in China as well as further strengthen 易游体育app官网入口 Steel’s position. Regarded as the top manufacturer of rubber mixers, 易游体育app官网入口 Steel is aiming for a 50-percent share of the world market.
易游体育app官网入口 Steel’s Machinery Business anticipates achieving an overall sales increase of approximately 1 billion yen for its tire and rubber machinery in fiscal 2020. Expanding worldwide, 易游体育app官网入口 Steel’s tire and rubber machinery business currently has manufacturing and sales bases in four locations: Japan, the United States, China and India.
| Name | Location | Business | Established |
|---|---|---|---|
| Takasago Works | Takasago, Hyogo, Jap易游体育app官网入口 | M易游体育app官网入口ufacture of tire 易游体育app官网入口d rubber machinery | 1953 |
| 易游体育app官网入口lco Stewart Bolling, Inc. | Hudson, Ohio, USA | M易游体育app官网入口ufacture 易游体育app官网入口d sale of tire 易游体育app官网入口d rubber machinery | 1986 |
| Yiyang Yish易游体育app官网入口 Rubber Machinery Co., Ltd. | Yiy易游体育app官网入口g, Hun易游体育app官网入口, China | M易游体育app官网入口ufacture, sale 易游体育app官网入口d after-sales service of tire curing presses | 1995 |
| L&T 易游体育app官网入口lco Machinery Co., Ltd. | K易游体育app官网入口chipuram, Tamil Nadu, India | M易游体育app官网入口ufacture 易游体育app官网入口d sale of tire 易游体育app官网入口d rubber machinery | 2010 |
File photo of 易游体育app官网入口 Steel’s BB mixer. This popular series of mixers is noted for high performance and excellent batch uniformity. KMQ will supply this type of mixer and other rubber machinery as well as provide after-sales service.
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