ZC Rubber (Zhongce Rubber Group Co., Ltd.), China’s leading tyre manufacturer, has officially gone public on the Shanghai Stock Exchange (SSE) under the stock code 603049. The company issued 87.45 million shares at an offering price of RMB 46.50 per share, reaching an opening market capitalisation of over RMB 45 billion.
“This IPO marks a new chapter in ZC Rubber’s journey. It is not only a financial milestone but a strong foundation for our next phase of global development,” said Mr. Shen Jinrong, Chairman and General Manager of ZC Rubber.
Founded with the mission to create world class tyres for Chinese and global consumers, ZC Rubber has grown into a global tyre industry leader, with a presence in over 190 countries and regions. The company is advancing the next generation of tyre manufacturing through smart factories, digitalised production, and cutting edge R&D, delivering high performance, future ready solutions for markets worldwide.
“We have stayed true to our focus, to build a globally respected tyre manufacturer,” Mr. Shen Jinrong added.
With its successful listing, ZC Rubber aims to strengthen R&D, expand its high end product lineup, accelerate innovation driven manufacturing, and grow its global footprint through strategic overseas investment.
Building on its technology and talent driven strategy, ZC Rubber will use this milestone to drive global growth, deepen market leadership, and contribute to the tyre industry’s high quality and sustainable development.
Source: Tyretradenews
