Sailun sells Kings Road Tyres for £500,000
Sailun Jinyu Group has announced that it sold its Kings Road Tyres Group (KRT Group) tyre wholesale subsidiary to KRT Holdings Ltd in a November Shanghai stock market statement.
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Sailun Jinyu Group has announced that it sold its Kings Road Tyres Group (KRT Group) tyre wholesale subsidiary to KRT Holdings Ltd in a November Shanghai stock market statement.
As of the end of May, Gareth Passmore has stepped down as president of Sailun Jinyu International (SJI). The company reports that Passmore left the company due to “family and personal” reasons.
During May’s Autopromotec 2017 in Bologna Sailun held a prize draw, and received customer donations and pledges of over 5000 euros, which Sailun matched to make a donation of 10,000 euros to the World Child Cancer charity.
The bottom line at China’s Sailun Jinyu Group Co Ltd took a hit in the first quarter of 2017. According to preliminary statistics provided by its financial department, the tyre maker anticipates a net loss attributable to shareholders in the vicinity of RMB 50 million (-£5.65 million). In the same three-month period a year earlier, the company reported a net profit of RMB 95.16 million (£10.76 million).
UK wholesaler and specialist in commercial vehicle products Kirkby Tyres continues to leverage its exclusive distribution deals in order to deliver the right tyres to the UK’s evolving commercial vehicle segment. The Speke, Liverpool based company has exclusive distribution agreements with Double Coin, Sailun and Longmarch, and these relationships are allowing it to fulfil customer requirements. “We believe that long-standing business relationships are essential,” Kirkby’s spokesman told Tyres & Accessories. “It is through such relationships that we are able to offer our customers assurance of quality, continuity of supply and a full manufacturers’ warranty.”
At the beginning of November Sailun Jinyu International (SJI) appointed Gareth Passmore as its president for Europe. He replaced Martin West, who has been appointed global president of the SJI Speciality Tire Group. Passmore, who started on 1 December 2016, is now responsible for all operations throughout Europe across all of the Sailun Jinyu Group brand portfolio – Sailun, Jinyu, Black Lion and Rovelo. Passmore brings with him over 25 years of tyre industry experience, including time with Continental, Apollo (in South Africa) and latterly with Sumitomo Rubber Industries where he headed up the Falken brand’s European export operations. During a recent brand and winter tyre product demonstration event in Sweden, Tyres & Accessories caught up with Passmore and at the same time we were introduced to Sailun’s ambitious goal of becoming a top 10 tyre manufacturer in the years to come.
Sailun is increasing prices of its commercial truck, passenger and light truck tyres by between 5 and 8 per cent in North America. The increase went into effect 1 January 2017.
Sailun Jinyu Group reports that the first all-steel TBR tyre was manufactured in its new factory in Vietnam on 24 November. In announcing the news, the China-based tyre maker notes that it decided to erect a second plant at its Sailun (Vietnam) Co., Ltd. site in order to combat the tariffs in place in the USA. It began work on the factory on 14 March 2016 and produced the first tyre just over eight months later.
Sailun Jinyu International (SJI) has appointed Gareth Passmore as its president for Europe. He replaces Martin West, who has been appointed global president of the SJI Speciality Tire Group. Passmore will be responsible for all operations throughout Europe of the four brands within the Sailun Jinyu Group portfolio – Sailun, Jinyu, Black Lion and Rovelo. He will join Sailun on 1 December 2016, and be based at the SJI European Operations Centre in Birmingham, after relocating to the UK.
Sailun Tyres (Europe) has appointed Janis Amolins as its business development manager for East Europe. Amolins will be responsible for the sales and development of the Sailun Jinyu Group’s portfolio of four brands for Europe: Sailun, Jinyu, Black Lion and Rovelo. He joins the Sailun team with immediate effect.
In 2015, the implementation of Sailun Plus, the Kirkby and Sailun TBR dealership network, was a huge step forward for both parties and something led to demonstrably strong sales growth for both the tyre wholesaler and the brand.
Sailun Jinyu will begin its new football perimeter advertising agreement with the English Premier League in this weekend’s matches, having signed an initial commitment to 10 games. Its advertisements will appear on the pitch perimeter hoardings at Stoke City’s Bet365 stadium and The Hawthorns, home to West Bromwich Albion, on 20 August, with a second showing at the latter ground on 28 August.
Sailun states that it has boosted sales growth and market share “in many European countries” since the introduction of its new car and truck tyre distribution strategy in 2011. The cornerstones of this strategy, which the manufacturer describes as “relatively simple” with “several key interlocking components”, including the full range of Sailun car, truck and bus, summer, winter, and all-season tyres will be demonstrated on the Sailun stand at Reifen 2016: Hall 7, stand 7D20.
Sailun recently invited a number of key customers from across the country to experience the performance of its tyres in track-day conditions. The event, run in association with well-known national wholesaler, Bond International was held at the Everyman Racing Driving Experience in Prestwold near Loughborough in Leicestershire. As well as being an excellent opportunity to demonstrate its products, the Sailun track day also presented the opportunity to take part in Bond International’s 50th Anniversary celebrations which are taking place this year.
Sailun-Jinyu Group has denied reports in Turkish newspaper Hürriyat suggesting the firm is planning on establishing a tyre factory in Turkey by 2020. The Hürriyat report, dated 5 March, said Sailun is planning to set up a joint-venture tyre factory in Turkey with its Turkish distribution partner there, Yeslas.
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