On November 16, Jiaozuo government released data of industrial enterprises with annual revenue of 20 million yuan or more from their main business operations.
According to local government, the added value of industrial enterprises above state designated scale yearly increased 6.9% in the first three quarters, and imported 12.293 billion yuan, yearly up 11.56%.
Aeolus Tire and Pirelli Tire (Jiaozuo) Co.,Ltd. respectively reached 2,384,290,000 yuan and 341,800,000 yuan of import and export.
The import & export value of 10 companies including those two companies reached 80% in Jiaozuo, Henan Province.
Pirelli Tire (Jiaozuo) Co.,Ltd. produced high-performance radial tires, and Aeolus Tire produced full-steel radial tires.
Recently, Xu Wenying, secretory of China Rubber Industry Association, said that China's full-steel tire would be difficult exported to EU market since October 23, and passenger tire exported to America would be also reduced because of Sino-China Trade Deficit.
Analysts said that those two companies would face export difficulties in the future, since EU and America were main export destinations for China.
