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Earlier in the year, Sailun Group announced it was evaluating the feasibility of producing car tyres in Cambodia, but the plans its Board of Directors approved this month are for a larger and costlier plant than originally reported. Planned capacity has risen 80 per cent, and the proposed investment almost doubled.
The Sailun Group is ramping up production at its plants in China and Vietnam. The manufacturer brought its newest truck tyre plant in Shenyang, China onstream in November 2020, giving it an additional 3.3 million units of all-steel truck radial capacity. In addition, Sailun plans to invest RMB 719.9 million (£81.3 million) to upgrade production at recently acquired manufacturer Shandong Anchi Tyres in Weifang, giving it the capacity to produce 1.2 million truck and bus radials and 6 million high performance passenger car and light truck tyres a year. Most recently, Sailun confirmed plans for the third phase of expansion at its Sailun (Vietnam) subsidiary.
Sailun Group is considering setting up a plant to produce tyres for passenger vehicles in Cambodia. According to a feasibility study published today, the Chinese tyre maker is interested in building a facility within the QiLu (Cambodia) Special Economic Zone in Svay Rieng Province that is capable of making five million semi-steel radials a year. Sailun estimates the project will require an investment of 1.18 billion yuan (£130.5 million).
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.
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.
If Sailun tyres were a person, we would be celebrating the company’s coming of age, but for the tyre manufacturer 18 years in business marks another milestone.
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.
2020 marks Sailun’s 5th year supporting World Child Cancer as the transportation partner, alleviating the financial burden for families of children with cancer. Financially, Sailun continues its pledge to World Child Cancer – which supports children with cancer in the low and middle-income world – with a recent 50,000 euro donation.
Sailun Tire has entered into a partnership agreement with China’s Apex Motorsport. The deal, signed on 21 August by Apex Motorsport’s Jin Yi and Chen Zheng, deputy director of Sailun Motorsport, gives Apex global sales rights for Sailun Sports Tires including the full range of Sailun Gene R tyres. Sailun believes this agreement marks its “successful shift from the prosumer market to the consumer market following three years of racing events that put Sailun Tire products to various stringent tests.”
Sailun’s SDR1 truck tyre has attained TÜV SÜD MARK certification, the first Chinese manufacturer in the tyre industry to do so, according to the company.
The SDR1 series of tyres from Sailun are sold in more than 30 countries and regions in Europe, such as Germany, France, the United Kingdom, Italy, Poland, and Spain and has been well received by all Sailun dealers in Europe. For Sailun, gaining TÜV SÜD certification “not only demonstrates Sailun’s strengths in development and production in high-end tyre products, but it also signifies the approval of the European market towards its products, laying the foundation for growth in this high-end market”.
Sailun Group has appointed Gareth Passmore as senior vice president (PCR and TBR Tyres). The manufacturer states that his appointment is designed to strengthen the company’s management team in Europe, aligned with its objective of growing its European market share. Passmore is making his return to Sailun having previously served as president of Sailun Jinyu International in 2016-17. Fluent in several languages, Passmore has previously held a number of international focused roles with Falken, Apollo, and Continental.
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.
TBC Brands, one of the largest distributors of private brand tyres in North America, is offering an enhanced Sailun Advantage truck tyre warranty. According to the company, the new warranty programme is a “game-changing” combination of outstanding quality, competitive pricing, expansive product selection, enhanced warranties and multiple retreads.
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.”
In order to support China’s anti-coronavirus epidemic actions, the Sailun Group has donated 10 million yuan to the Qingdao Red Cross for emergency assistance and to help mitigate the spread of the virus. Of the 10 million yuan donation, 4 million yuan came from the group’s management team and employees.
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