Zhongce Rubber Group Co., Ltd. (Zhongce) announced it acquired the business of Tianjin United Tire & Rubber International Co., Ltd. (TUTRIC). The company manufactures the TIANLI tire brand and is based in the large port city of Tianjin in China. Ranked as number nine in the list of the top 75 global tire manufacturers, Zhongce says this acquisition represents the next step in its continued global expansion plan.
Zhongce is currently one of the largest suppliers of OTR tires in the world, offering tires for wheeled loaders, articulated and rigid dump trucks, port applications, underground mines, industrial and forklift operations. The acquisition of the TUTRIC will further strengthen the group offering to its customer base, Zhongce says.
Zhongce Rubber (Tianjin) Co., Ltd., as a newly established wholly-owned subsidiary of Zhongce Rubber Group Co., Ltd., was established on 1st April 2022. This new company will take responsibility for the day-to-day business operations at the Tianjin factory.
“Tianjin United Tire & Rubber International Co., Ltd. (TUTRIC) is the most professional special tire manufacturer in China producing from 6-inch to 63-inch tires with more than 2,000 SKUs in off highway applications,” said Henry Shen, president of Zhongce Rubber (Tianjin) Co., Ltd, who added he was delighted to announce that this acquisition will expand Zhongce Group’s business into the radial agricultural tire and giant OTR tire segments. “It will also reinforce Zhongce’s current OTR business by expanding our radial OTR production capacity. Zhongce now has one of the largest ranges of Agricultural and OTR tires available to our customers, as we hope to provide them with a one-stop solution for all their off-highway tires.”
TUTRIC factory at Tianjin was established in 1985 and covers an area of 480,000㎡.