Four factors that affect timing belts

Recently, according to related news, China's rubber industry has four major problems, such as tires, ring-shaped timing belts and other structural contradictions.

First, the lack of technical talent and insufficient innovation ability. China's economic growth is mainly driven by investment and export, and the contribution rate of science and technology is low, only about 40%. The contribution rate of scientific and technological progress in developed countries such as the United States to economic growth is as high as 81%.

Second, the influence of brands is weak. China's exports of rubber products such as tires account for about 41% of the output. Except for some enterprises exporting under their own brands, quite a few enterprises are OEM exports and the prices are lower.

Third, the structural superiority of tires, timing belts and other products is prominent. In recent years, China's tire and other product production capacity has expanded rapidly, and part of it is the growth of homogenization capacity. At the same time, the concentration of domestic industry is low. In the situation of declining exports and unfavorable domestic market, competition in domestic and foreign markets is increasingly severe, leading to a decline in corporate profits.

Fourth, many factors have led to cost increases. At present, the main factors leading to the cost increase of ring synchronous belts in China are the large fluctuations in rubber prices, environmental protection and energy-saving emission reduction investment, logistics costs and labor costs.

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