ETAuto Bureau

NEW DELHI: A recently-released report suggests that demand for tyre and rubber industry machinery in China will surge in the coming few years.

According to the 'Global and China Rubber Machinery Industry Report, 2014-2017', the market value will reach US$4.07 billion by 2017.

This represents a 77 per cent increase on the 2013 figure of $2.3 billion, which itself was 36.5 per cent higher than a year earlier and 48.6 per cent of the global total (8.2 per cent more than in 2012).

The reports lists the top five rubber machinery companies in China, in terms of revenue generated in the rubber machinery segment, as being Mesnac, Dalian Rubber & Plastics Machinery, Yiyang Rubber & Plastics Machinery Group, Tianjin Saixiang Technology and Guilin Rubber Machinery.

Their respective revenues from rubber machinery businesses were $405 million (+30.8 per cent year-on-year), $193.4 million (-7.0 per cent), $134.9 million (+38.2 per cent), $127.9 million (+49.2 per cent), $81.9 million (+6.0 per cent).

It also notes that two of these top-five companies, Yiyang Rubber & Plastics Machinery Group and Guilin Rubber Machinery, are subsidiaries of China National Chemical Equipment Corp., a company that also operates a third rubber machinery business, Fujian Sino-Rubber Machinery Co., Ltd.