Zhongce Rubber Group Co., Ltd.

What does Zhongce Rubber manufacture?
Zhongce Rubber manufactures tires for passenger cars, SUVs, light trucks, heavy trucks, buses, off-road vehicles, agricultural machinery, motorcycles, scooters, bicycles, and ATVs. Its product range includes all-steel tires (TBR), semi-steel tires (PCR), bias tires, and two-wheeled tires. The company also produces rubber tracks, solid tires, and rubber conveyor belts.

Where is Zhongce Rubber headquartered?
Zhongce Rubber Group is headquartered at No. 1 Street, Qiantang District, Hangzhou, Zhejiang, China. The company has maintained its headquarters in Hangzhou since its founding as the Hangzhou Rubber Factory in 1958.

When was Zhongce Rubber founded?
Zhongce Rubber was founded in 1958 as the Hangzhou Rubber Factory. The Westlake brand, one of its most prominent international brands, was introduced in 1995 specifically for global markets. The company conducted its IPO on the Shanghai Stock Exchange on June 5, 2025.

Is Zhongce Rubber publicly traded?
Yes, Zhongce Rubber Group Co., Ltd. is publicly traded on the Shanghai Stock Exchange under ticker 603049. The company debuted on June 5, 2025, raising approximately 4.07 billion yuan ($566 million) in the largest A-share IPO of 2025. Certain A shares are subject to lock-up agreements ending in June 2026.

What is Zhongce Rubber's annual revenue?
Zhongce Rubber reported revenue of CNY 44.96 billion (approximately $6.2 billion) for fiscal year 2025, up 14.5% from CNY 39.25 billion in 2024. Net income was CNY 4.15 billion, up 9.5% year over year. In Q1 2026, revenue was CNY 11.19 billion, up 5.2% year over year.

What brands does Zhongce Rubber own?
Zhongce Rubber owns tire brands including Westlake, Chaoyang (CHAO YANG), Goodride, Trazano, Yartu, and Arisun. The company also operates a post-market service brand called Zhongce Auto Space, and produces tires under additional regional brand names including Golden Crown, Ni-Pon, Entda, Ornate, and Risen.

Who is the CEO of Zhongce Rubber?
Jinrong Shen serves as CEO of Zhongce Rubber Group Co., Ltd. The company is listed on the Shanghai Stock Exchange under ticker 603049 following its June 2025 IPO.

What is Westlake Tire's relationship to Zhongce Rubber?
Westlake is one of several tire brands produced by Zhongce Rubber Group. The Westlake brand was introduced in 1995 specifically for international markets and covers all product lines including PCR, TBR, OTR, and agricultural tires. In North America, Westlake tires are distributed through Tireco, Inc., headquartered in Gardena, California.

Zhongce Rubber was founded in 1958 as the Hangzhou Rubber Factory in Hangzhou, Zhejiang Province. The company began as a local rubber factory and grew over decades into China's leading tire manufacturer.

The Westlake brand was introduced in 1995 as a brand created specifically for international markets, designed to meet demand from global customers. Westlake covers all product lines including PCR, TBR, OTR, and agricultural tires, providing comprehensive tire solutions across various vehicle categories.

By 2011, Zhongce Rubber had become the tenth largest tire maker in the world, with $4.26 billion in sales. The company continued to expand its global footprint, with the Westlake brand launching retail networks in Spain and Portugal in 2015 through Zenises.

On June 5, 2025, Zhongce Rubber debuted on the Shanghai Stock Exchange (SSE: 603049), raising approximately 4.07 billion yuan ($566 million) in the largest A-share IPO of 2025. The IPO provided capital for green manufacturing projects, new facilities, and technology upgrades.

In Q1 2026, Zhongce Rubber reported revenue of CNY 11.19 billion, up 5.2% year over year, and net income of CNY 1.22 billion, up 5.9% year over year. The company also announced a new tire factory investment of 1.04 billion yuan and a Vietnam expansion project in early 2025.

Zhongce Rubber has invested in green manufacturing projects as part of its IPO proceeds, with capital allocated for environmentally focused manufacturing upgrades. The company operates manufacturing facilities in China, Thailand, and Vietnam, and has been expanding its overseas production capacity.

The tire manufacturing industry faces inherent environmental challenges related to rubber processing, energy consumption, and end-of-life tire disposal. Zhongce Rubber has not publicly disclosed Science Based Targets initiative (SBTi) commitments or CDP climate disclosures as of the latest available information. The company has not been certified as a B Corporation.

As a Chinese manufacturing company, Zhongce Rubber operates within China's regulatory framework for industrial production and environmental compliance. The company has not been associated with major public controversies comparable to those faced by some other Chinese manufacturers. However, the tire industry globally faces scrutiny over environmental impacts, supply chain labor practices, and the use of potentially harmful chemicals in tire production.

Chinese tire manufacturers have faced trade remedy investigations in various markets, including anti-dumping and countervailing duty measures. Zhongce Rubber's expansion into overseas markets, including Thailand and Vietnam, may partially mitigate trade exposure by diversifying production locations.