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Sailun upgrading car & truck tyre production at acquired factory

Sailun Group recently won the tender to acquire bankrupt manufacturer Shandong Anchi Tyres Co., Ltd., and in January paid RMB 202 million (£22.8 million) for Anchi’s assets. The tyre maker now plans to invest RMB 719.9 million (£81.3 million) to upgrade production within the former Anchi facility in Weifang, China and give it the capacity to produce 1.2 million truck and bus radials and 6 million passenger car and light truck tyres a year.

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Sailun boosting Vietnam production to meet demand in Europe & North America

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Tyrepress.com / Stephen Goodchild

During today’s extraordinary shareholders meeting, its first of 2021, Sailun Group confirmed plans for the third phase of expansion at its wholly-owned Sailun (Vietnam) Co., Ltd. subsidiary. Over a three-year period, the company will invest 3.01 billion yuan (£340.1 million) to equip the site with the capacities to produce 3 million car and light commercial vehicle tyres, one million truck and bus radials, and 50,000 tons of off-the-road tyres per annum.

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Sailun’s new truck tyre plant enters service

The Sailun Group’s newest truck tyre plant in Shenyang, China is now onstream. The tyre maker held a commissioning ceremony at its wholly-owned Sailun (Shenyang) Tire Co. Ltd. subsidiary on 18 November. The project gives Sailun an additional 3.3 million units of all-steel truck radial capacity.

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Sailun raising truck tyre capacity by 3 million units

Sailun Group is investing just over RMB 2 billion (£226 million) to increase truck tyre capacity at its Liaoning, Shenyang Province plant by 3 million pieces a year. The company’s wholly-owned Sailun (Shenyang) Tire Co. Ltd. subsidiary broke ground on the project on 1 March.

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Sailun investing big in PCR tyre capacity to reach premium OEMs in China

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The Sailun Group is investing around RMB 1 billion (£110.6 million) to boost passenger car tyre capacity at its factory in Dongying, Shandong Province to 27 million tyres a year. This growth will take place as part of Sailun’s ‘HP Tire Expansion Project’ and is considered a “necessary guarantee for the group to impact the domestic mid/high-end OE market.”

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RoadX Tyre becomes official tyre partner of West Ham United

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Sailun global brand RoadX Tyre has become the official tyre partner of West Ham United Football Club, in a three-year deal. RoadX was launched in 2019, with car and commercial products focusing on comfort and durability. The brand is linking its recent foundation to West Ham’s reputation as ‘The Academy of Football’, with a youth development system that has forged the talents of many future stars.

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Work begins on Sailun JV test facility

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Groundbreaking took place earlier this month for the China (Dongying) Intelligent Connected Vehicle (ICV) Test Site project, a joint venture between FAW Group, Dongying City and Sailun Group. The ceremony was attended by more than 200 people, including Sailun chief executive officer Yuan Zhongxue.

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Sailun Group extends capacity expansion project

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Sailun Group Co., Ltd. has issued a new timetable for the completion of its project to add capacity for larger rim passenger car and light commercial vehicle tyres at its Dongying factory in China. The self-funded investment to add 15 million units of capacity will now be implemented by December 2020 rather than this year, as originally planned. According to Sailun Group, the level of investment in the project and proposed usage of the funds remains the same.

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SSE debut for new Sailun Group ticker symbol

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As of today, Sailun’s ticker symbol on the Shanghai Stock Exchange has changed from ‘Sailun Jinyu Group Co., Ltd.’ to ‘Sailun Group Co., Ltd.’. The tyre maker’s securities code remains 601058.

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Martin West leaves Maxam Tire International – Troy Kline named successor

Martin West retired as global president of Maxam Tire International Limited. He left the Sailun Group company at the end of last month and has been succeeded by Troy Kline. The president of Maxam Tire North America has assumed full responsibility for European operations.

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