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Sailun to reduce risk with currency hedging programme

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Sailun Group Co., Ltd. has authorised a foreign exchange hedging programme to mitigate risks from currency fluctuations affecting its operations, particularly those related to US dollar and euro denominated transactions. The programme, approved by the company’s Board of Directors on 13 December and confirmed by its Supervisory Board, allows for transactions up to RMB 6 billion (£653.1 million) or its equivalent in foreign currencies between 1 January and 31 December 2025.

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Related news:

  1. SSE debut for new Sailun Group ticker symbol
  2. Work begins on Sailun JV test facility
  3. Sailun Group a Nokian Tyres offtake partner
  4. Sailun Group further investing in Vietnam
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Sailun Group implements Shareholder Return Plan

Sailun Group is introducing a mechanism outlining its approach to profit distribution, which balances the need for long-term development with that of delivering reasonable returns for shareholders. Specifically, the new Sailun Group Co., Ltd. Shareholder Return Plan (2025-2027) aims to encourage long-term investment and sustainable growth, provide stable returns to investors, align the company’s activities with regulatory requirements, and enhance decision-making and policy stability.

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Related news:

  1. Shareholder approval for Sailun Jinyu name change
  2. Sailun inaugurates upgraded acquired plant
  3. Sailun Group a Nokian Tyres offtake partner
  4. Sailun Group further investing in Vietnam
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Football – Sailun extends FC Ingolstadt 04 partnership

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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.

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Related news:

  1. Football: Sailun becomes FC Ingolstadt’s global tyre partner
  2. Football: Sailun a premium partner to VfL Osnabrück
  3. Falken Tyre sponsoring Bundesliga newcomer
  4. Ceat a Bayer 04 Leverkusen premium partner
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Sailun Group anticipates major rise in profit

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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.

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Related news:

  1. SSE debut for new Sailun Group ticker symbol
  2. Work begins on Sailun JV test facility
  3. Sailun boosting Vietnam production to meet demand in Europe & North America
  4. Sailun approves Cambodia TBR project
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Sailun merging tyre & material project businesses

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.

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Related news:

  1. Sailun: Record operating income in H1 2022
  2. Sustainability, safety & efficiency – Sailun debuts EV tyres, talks future plans
  3. SSE debut for new Sailun Group ticker symbol
  4. Sailun raising truck tyre capacity by 3 million units
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Sailun – 18 million tyres sold in Q2 2024

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.

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Related news:

  1. Sailun Group anticipating 133% profit growth for 2023
  2. Sailun: Record operating income in H1 2022
  3. Earnings decrease, but larger tyre sizes grow in importance for Hankook Tire
  4. Sailun Group net profit rises 62% in H1 2023
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Sailun Europe unveils next-generation truck tyres

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.

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Related news:

  1. Kirkby Tyres matching Sailun, Double Coin TBR products to evolving market
  2. Sailun EcoPoint³ solves ‘magic triangle’ conflict
  3. Sailun equips Vollers E-truck with EcoPoint3 tyres
  4. Sailun bringing Road to Cologne 2024 tour to UK
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Sailun Group further investing in Vietnam

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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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Related news:

  1. China Automotive award for Sailun EcoPoint3
  2. Sustainability, safety & efficiency – Sailun debuts EV tyres, talks future plans
  3. Chinese tyre makers off-shoring in Southeast Asia
  4. SSE debut for new Sailun Group ticker symbol
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Sustainability, safety & efficiency – Sailun debuts EV tyres, talks future plans

Two years have passed since Sailun Group made a memorable first appearance at The Tire Cologne, launching its EcoPoint 3 technology. The company returned in 2024 to make a significant statement about its ambitions for the international market, including Europe. During a large-scale presentation attended by Chairwoman Liu Yanhua and Founder and Honorary Chairman Yuan Zhongxue, Sailun Group introduced its first dedicated Sailun EV tyre, the Atrezzo E-Range. Mr Yuan proudly showcased to a European audience the massive strides China’s tyre industry has made over the past decades.

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Related news:

  1. China Automotive award for Sailun EcoPoint3
  2. New tyre industry standard: Sailun introduces EcoPoint³ technology
  3. Sailun EcoPoint³ solves ‘magic triangle’ conflict
  4. Sailun sets sights on 100% sustainable material usage by 2050
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UK visit for Sailun’s Road to Cologne

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Sailun Group is showcasing its tyre solutions across Europe ahead of its participation in The Tire Cologne 2024. The company’s ‘Road to Cologne 2024’ tour includes stops in Italy, Spain, France, the UK, Poland, and Germany, where it will engage with international sales partners and present its latest generation tyre lines. The tour aims to strengthen customer relationships and highlight Sailun’s advancements in tyre technology.

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Related news:

  1. Sailun bringing Road to Cologne 2024 tour to UK
  2. Football: Sailun a premium partner to VfL Osnabrück
  3. Sailun EcoPoint³ solves ‘magic triangle’ conflict
  4. Sustainability & Performance: Sailun launches Atrezzo ZSR2
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Sailun, Tire Direct break ground on Mexico plant

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Sailun Group and Tire Direct have broken ground on Aztema, their new joint venture factory in Mexico, with the partners laying a symbolic foundation stone at a ceremony on 15 May 2024. The first phase of construction at the Aztema plant will result in a facility with an initial capacity to produce 6 million car tyres a year; the partners plan to start production in March 2025.

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Related news:

  1. Sailun enters JV for Mexico tyre plant
  2. Work begins on Sailun JV test facility
  3. Mexico plant a “strategic expansion” for Sailun
  4. Sailun approves Cambodia TBR project
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Reducing energy, CO2 by 30% – Sailun sets out goals in 2023 Sustainability Report

Sailun Group Co. Ltd has released an English-language version of its 2023 Sustainability Report. The 81-page document is the company’s 11th annual Sustainability Report and covers a range of subject areas, including sustainability management, social, environmental and governance.

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Related news:

  1. Sailun sets sights on 100% sustainable material usage by 2050
  2. Sailun inaugurates upgraded acquired plant
  3. China Automotive award for Sailun EcoPoint3
  4. SSE debut for new Sailun Group ticker symbol
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Sailun sets sights on 100% sustainable material usage by 2050

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Yuan Zhongxue, director of the National Engineering Research Center for Rubber and Tire and honorary chairman of the Sailun Group, announced sustainable development goals (SDGs) for the tyre maker during the recent 2024 China Rubber Conference. The SDGs aim to progressively increase the utilisation of sustainable materials in tyre production, targeting 40 per cent by 2030 and striving for 100 per cent by 2050. Additionally, Sailun aims to reduce per tyre energy consumption and carbon emissions by 30 per cent, compared to 2022 levels, by 2030.

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Related news:

  1. Work begins on Sailun JV test facility
  2. Sailun Group extends capacity expansion project
  3. Sailun investing big in PCR tyre capacity to reach premium OEMs in China
  4. JK Tyre develops 80% sustainable tyre
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Sailun bringing Road to Cologne 2024 tour to UK

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For the Sailun Group, the weeks between now and the start of The Tire Cologne on 4 June 2024 will be occupied by its Road to Cologne 2024 event. Sailun will visit six key markets in the coming weeks to help its European dealer network get better acquainted with its range, including products boasting the latest EcoPoint3 technology.

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Related news:

  1. Sailun EcoPoint³ solves ‘magic triangle’ conflict
  2. ‘Smart & sustainable’ – Sailun debuts Atrezzo 4Seasons Pro
  3. Sailun equips Vollers E-truck with EcoPoint3 tyres
  4. Sustainability & Performance: Sailun launches Atrezzo ZSR2
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Sailun delays Vietnam plant expansion

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Sailun Group has revised the timetable for expanding production at its factory in Vietnam. Instead of commencing operations by March 2024, the tyre maker now intends to add a further three million semi-steel radials, one million all-steel radials and 50,000 tonnes of off-highway tyres to its annual capacities by March 2025.

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Related news:

  1. Sailun ups Cambodia expansion to 12 million tyres
  2. Sailun Group extends capacity expansion project
  3. Up to 49” – Sailun upgrading OTR tyre production
  4. Sailun’s Vietnam plant begins rubber track production
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