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Reports: Sailun planning US$100 million Vietnam subsidiary

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Chinese tyre manufacturer Sailun is planning to invest over US$100 million in a Vietnam subsidiary, according to online media reports. Yicai.com quoted an official filing as saying the auxiliary company will produce “tyres and other rubber products.”

The Vietnamese business will reportedly take advantage of supplies of rubber resources in Southeast Asian nations and the trade policies there.

Earlier this year Tyres & Accessories reported on Sailun’s IPO efforts, factory expansion and the company’s development of a European truck tyre network (see related links below).

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