Triangle Group (三角輪胎; also known as Triangle Tyre) is a Chinese tire company that manufactures a range of tires for vehicles from passenger cars to construction equipment and tires fit for special purposes under the Triangle and DIAMONDBACK brands. As of 2015 it is the 14th largest tire maker in the world according to Tyres & Accessories.[1]
History
Triangle Group was founded by the Weihai government in 1976. Lacking a car industry in China, the company supplied tiny tires to Indonesian street-sweepers rubbish carts in the following years.[2] The company grew in size but did not make money until in 1993 with the installment of new management, Triangle reworked itself into a competitive enterprise.[2] In making dramatic reforms, the company invested in new, more modern production and implemented strict workforce discipline.[2] The restructuring would continue into the 2000s, when the company considered a public offering and so brought its accounting to developed world standards and continuously invested in more sophisticated manufacturing lines.