Sailun reports that two of its vice presidents, Gu Kai and Li Jiqing, have resigned due to work adjustments. After resigning as vice president, Gu Kai will continue to hold other positions in Sailun, and Li Jiqing will continue to serve as a director and secretary of the board of directors.
On 30 October, Sailun announced it is building an industrial park in Cambodia called “Cambodia Kampot Special Economic Zone Project” (Kampot SEZ). Furthermore, Sailun said that it is preparing to set up a wholly-owned subsidiary, Kampot Bay Investment Co., Ltd., in Cambodia, which will be responsible for implementing the Kampot SEZ. The project’s total investment is about US$110 million, which will be covered by Sailun’s self-raised funds.
At the same time as announcing its plans for as Cambodian industrial park project, Sailun also noted that details associated with its Mexican factory have changed. The tyre manufacturer has negotiated with the Mexican project’s partner, TD (Tire Direct International Holding, S.A.P.I. DE C.V.), to adjust the registered capital and investment ratio of the Mexican implementation entity STT (SL & TD Tire Manufacturing, S.A.P.I. DE C.V.).
Sailun has extended its premium partnership with German football club FC Ingolstadt 04, giving the tyre brand a continued LED board advertising presence at the team’s home pitch until 2027. It will also continue to be responsible for the tyres on the team bus.
In a stock exchange submission dated 11 October 2024, Sailun Group Co., Ltd. shares its estimation that net profit attributable to shareholders of the listed company for the first three quarters of 2024 will range between RMB 32.10 billion and RMB 32.80 billion (£3.47 billion and £3.55 billion), a year-on-year increase of 58.52 per cent to 61.98 per cent compared with the same period of last year.
Sailun Group plans to merge two wholly owned subsidiaries tasked with establishing additional tyre and materials manufacturing capacities. The company emphasises that the intended absorption merger announced on 24 September will not have a significant impact on its business or financial situation.
While Nokian Tyres opened a new test centre in Spain a good three years ago and presented the so-called ‘Hakka Ring’ to a wider public for the first time this spring, the Finnish tyre manufacturer still has a lot going on. This primarily refers to the recent official opening of its new tyre plant in Oradea, less than a year and a half after the foundation stone was laid and less than two years after the decision was made to locate the plant in Romania, less than 20 kilometres from the Hungarian border.
Sailun Indonesia factory held a groundbreaking ceremony on 17 September. The tyre manufacturer called the Indonesian project “another important layout of the globalisation strategy”, “meeting the product and service needs of the local market”, and “enhancing the competitiveness and influence of Chinese tyre brands in Southeast Asia and even the global market”.
The Shandong authorities have presented a 2024-2027 action plan designed to improve the productivity of the tyre industry in its jurisdiction.
Tyrepress China found that Shandong Province is trying to build two tyre industry clusters, Peninsula and Lubei, accounting for more than 80 per cent of the province, with revenue of 60 billion yuan and 80 billion yuan, respectively.
Earlier this year, Kirkby Tyres exhibited at Road Transport Expo 2024, an event tailored for fleet managers, owner-operators, and equipment manufacturers, unveiling one of the first available products from Sailun’s EcoPoint3 range.
Several Chinese research institutions recently jointly released the “2024 China Brand Influence Index Report”. In the report’s “Top 10 Tyre Brand Influence” list, Doublestar ranked first.
Some 1.6 million passenger cars were sold in China in July 2024, and for the first time the number of new energy vehicles sold surpassed sales of combustion vehicles. The top ten selling cars accounted for around 230,000 units, and local association the Car and Wheel Shop Owners Alliance provides information about the tyres these popular models wear as original equipment. Linglong is a reoccurring name, with six of the ten best-selling models available with Linglong OE tyres.
Sailun Group has published its operating data for the second quarter of 2024, reporting having produced 18.1579 million tyres in the three months to 30 June 2024 and selling 17.9620 million tyres. Revenues from these products amounted to 7.57 billion yuan (£809.02 million) for the period.
At the beginning of June, Sailun Europe presented not only new passenger car tyres from its EcoPoint3 ecosystem at The Tire Cologne but also provided an overview of its current truck tyre range. Highlights included the second generation of fuel-efficient truck tyres, the Fuel Pro SFL2, SDL2, and STL2. Additionally, the manufacturer showcased its mileage-optimised truck tyres, Transport Pro S and Pro D, along with the new city bus tyre, City Pro Z.
During a meeting held today with Vietnam’s Deputy Prime Minister, Tran Luu Quang, Sailun Group confirmed its intention to continue investing in its business within the country. According to Vietnam News Agency, company chairwoman Liu Yanhua said Sailun Group will invest an additional US$200 million in Vietnam in future.
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