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.
In 2023, Linglong’s various factories had a production capacity of 91.34 million tyres. Including the production of PCR products at the Serbian factory, in 2025 the tyre manufacturer’s annual production capacity will likely exceed 100 million tyres. Linglong’s tyre production base in Zhaoyuan, Shandong, has an astonishing production capacity of 36.1 million sets, including 30 million PCR, 5.85 million TBR, and 250,000 OTR tyres. The Dezhou base in Shandong has capacity for 9 million PCR and 3.2 million TBR tyres a year. The Guangxi production base can make 11 million PCR (1 million more than the designed capacity), 2 million TBR, and 140,000 OTR annually. The Hubei production base has capacity for the construction of 9 million PCR and 2.4 million TBR tyres. That opeartion’s designed PCR capacity is 12 million, and further under-construction capacity is expected to be completed in 2024. The Jilin production base can make 1.5 million PCR and 1 million TBR tyres. The company said that the capacity of the Jilin factory’s PCR production lines is expected to reach 6 million tyres a year in 2024. The company’s planned two production bases in Shaanxi and Anhui have not yet released their production capacity in 2023. The Thailand factory has 13 million PCR and 2.2 million TBR among overseas factories. Linglong said that its Thailand factory reduced its PCR production capacity by 2 million in 2023. The Serbian factory achieved a production capacity of 800,000 TBR tyres in 2023, and the designed scale of 1.6 million tyres is expected to be completed in 2024.
In 2023, the overseas market has become essential for Chinese-listed tyre companies to increase revenue and profits. According to statistics from Tyrepress China, the overseas revenue of Sentury, Sailun, Jiangsu General, Prinx Chengshan, Triangle, and Doublestar in 2023 was higher than revenue in the Chinese domestic market. Aeolus, Linglong, and Guizhou Tyre have higher domestic market revenue.
Our latest “world’s largest tyremakers” data based on the key figures for the 2023 financial year sheds light on several developments that have recently characterised the tyre market. On the one hand, there is the development of sales, which have at best moved sideways for many manufacturers compared to 2022. On the other hand, there is also the development in terms of ranking: here it is clear that companies from China are increasingly operating on an equal footing with the long-established manufacturers from Europe, America and Japan and now even have a new number 10 in the race with the Sailun Group. However, it is also clear that our ranking shows a stable “balance of power” overall.
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.
The latest Brand Finance data shows that Michelin is “the world’s most valuable and strongest tyre brand” followed by Bridgestone in second and with Continental rounding off the podium. However, Far Eastern brand value is rocketing, with Giti the fastest-growing tyre brand in the ranking, following a 19 per cent brand value increase. Similarly, Sailun, Linglong Tire and Sentury Tire accelerates off the back of an overseas demand surge.
On 30 May, Cheng Shin Rubber released its 2023 annual report. In terms of sales, the tyre manufacturer’s sales in 2023 were all lower than the previous year. Among all categories of tyres, the sales of motorcycle tyres increased by 0.34 per cent year-on-year, which was flat. However, the sales volume of PCR, TBR, bicycle tyres, inner tubes and other tyre products all declined to varying degrees. The decline in PCR and TBR products was 12.92 per cent and 26.08 per cent.
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.
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.
The 14th GuangRao Rubber Tire and Automotive Accessory Exhibition (GRTAE) opened in Dongying City, GuangRao County, Shandong Province, China today. First impressions and the facts released by organisers during the official launch conference, which also included speeches from local officials responsible for the leadership of relevant civic departments, there are some 550 exhibitors here presenting their tyre-related latest offerings to as many as 80,000 visitors.essions and the facts released by organisers during the official launch conference, which also included speeches from local officials responsible for the leadership of relevant civic departments, there are some 550 exhibitors here presenting their tyre-related latest offerings to as many as 80,000 visitors.
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.
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.
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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