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You are here: Home1 / Sailun Jinyu

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Kings Road Tyres in administration

Company News, Premium, UK News

Beleaguered wholesale and tyre services company Kings Road Tyres is now in administration, with KPMG appointed joint administrators. The administration comes at the end of nearly a decade of turbulence for the company, which is one of the UK’s oldest tyre wholesale operations, having been incorporated in 1959.

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Related news:

  1. Kings Road Tyres Group management welcome ‘return to independence’
  2. Strategic investment group buys controlling interest in Kings Road Tyres Group
  3. Sailun involved in Kings Road Tyres acquisition
  4. German Fintyre Group almost completely in bankruptcy
3rd October 2019/by Andrew

Shareholder approval for Sailun Jinyu name change

Company News, International News

The vast majority of Sailun Jinyu Group shareholders have approved the adoption of a new company name and changes to the company’s articles of association. Votes held during an extraordinary meeting of shareholders on 12 October resulted in a 99.1 per cent turnout in favour of both measures. The tyre maker will thus adopt the name Sailun Group Co., Ltd.

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Related news:

  1. Sailun denies Jinyu is planning a tyre factory in Turkey
  2. ZC Rubber still number one tyre manufacturer in China 
  3. Sailun Group extends capacity expansion project
  4. Sailun Group donates 10 million yuan to fight coronavirus
17th October 2018/by Stephen

Sailun drops the Jinyu name

Company News

At a meeting held yesterday, the Board of Directors of Sailun Jinyu Group Co. Ltd. approved a change of the company’s name to Sailun Group Co., Ltd.

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Related news:

  1. Jinyu could be producing tyres in Turkey by 2020
  2. Sailun denies Jinyu is planning a tyre factory in Turkey
  3. Sailun Jinyu reorganises UK distribution strategy with new Viking, Bond deals
  4. Sailun Qingdao factory increasing automated processes to support PCR development
26th September 2018/by Stephen

Sailun Jinyu joins Cooper Tire in GRT joint venture

Company News

In 2016, Cooper Tire & Rubber invested some US$93 million to acquire a 65 per cent shareholding in Qingdao Ge Rui Da Rubber Co., Ltd (GRT). The remaining 35 per cent share in the China-based truck and bus radial manufacturing operation was retained by Qingdao Yiyuan Investment Co., Ltd. (QYI), however QYI is now selling its stake in the business. Sailun Jinyu Group Co., Ltd. has signed a share transfer agreement with QYI to acquire its 35 per cent interest in GRT for RMB 220 million (£24.4 million, US$32.0 million), subject to government approval.

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Related news:

  1. Cooper Tire acquiring majority share in Chinese truck tyre maker
  2. Cooper Tire to become 100% owner of Mexico JV tyre plant
  3. Cooper completes acquisition of Mexico joint venture plant
  4. Cooper Tire acknowledged for BoD female representation
26th September 2018/by Stephen

Maxam introduces MS708 solid OTR tyre

Product News

Birmingham headquartered OTR, industrial, construction, and agricultural tyre supplier, Maxam has created what it calls a “first of its kind”, the MS708 solid OTR tyre. The MS708 features “zero maintenance” solid construction, long tread life, high heat resistance, superior wear and cut resistance, softer ride, self-cleaning tread and mounts on standard multi-piece earthmover rims.

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Related news:

  1. Maxam enters agricultural tyre market
  2. Maxam shows new solid tyre range at Recycling Aktiv show
  3. Upturn in housebuilding to sustain UK OTR growth – KRT
  4. Maxam Tire building up agricultural portfolio
6th August 2018/by Andrew

Sailun Jinyu reorganises UK distribution strategy with new Viking, Bond deals

Product News, UK News

Two of Sailun Jinyu International Europe’s tyre brands will now be distributed by wholesalers Viking Wholesaler Tyres and Bond International following a major strategic review of its UK distribution operations. The manufacturer pronounced itself “delighted to announce a number of enhancements and improvements” for its portfolio, which includes the Sailun, Jinyu, Blacklion, and Rovelo brands. The new strategy has become effective immediately, SJI Europe added.

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Related news:

  1. Sailun develops European tyre lines as Asian acquisitions continue
  2. Kings Road Tyres Group management welcome ‘return to independence’
  3. Kings Road Tyres in administration
  4. Maxam moves operational team to Sailun Europe’s UK office, plans expansion
30th January 2018/by Andrew

Kings Road Tyres Group management welcome ‘return to independence’

UK News

The management of Kings Road Tyres Group (KRTG) has welcomed the well-known wholesaler’s return to private ownership after reaching agreement to conclude its contractual arrangements with the Sailun Jinyu Group.

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Related news:

  1. Sailun sells Kings Road Tyres for £500,000
  2. Kings Road Tyres in administration
  3. Full house of UK’s biggest CV tyre brands at CV Show 2015
  4. Sailun Jinyu reorganises UK distribution strategy with new Viking, Bond deals
8th December 2017/by admin

Sailun sells Kings Road Tyres for £500,000

International News, UK News
Kings Road Tyres

Sailun Jinyu Group has announced that it sold its Kings Road Tyres Group (KRT Group) tyre wholesale subsidiary to KRT Holdings Ltd in a November Shanghai stock market statement.

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Related news:

  1. Kings Road Tyres Group management welcome ‘return to independence’
  2. Fintyre to open London head office
  3. FinTyre buys RS Exclusiv Reifengrosshandel and TyreXpert Reifen + Autoservice
  4. Van den Ban acquires Swedish tyre wholesaler Amring
4th December 2017/by admin

Passmore leaves Sailun Jinyu – Chen Huang interim president

Career Tracks

As of the end of May, Gareth Passmore has stepped down as president of Sailun Jinyu International (SJI). The company reports that Passmore left the company due to “family and personal” reasons.

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Related news:

  1. Sailun appoints business development manager for East Europe
  2. Gareth Passmore appointed Sailun Jinyu International president for Europe
  3. Sailun Europe appoints Gareth Passmore senior vice president
  4. Sailun Jinyu reorganises UK distribution strategy with new Viking, Bond deals
17th July 2017/by admin

Sailun Jinyu anticipates RMB 50 million loss in Q1 2017

Company News, International News

The bottom line at China’s Sailun Jinyu Group Co Ltd took a hit in the first quarter of 2017. According to preliminary statistics provided by its financial department, the tyre maker anticipates a net loss attributable to shareholders in the vicinity of RMB 50 million (-£5.65 million). In the same three-month period a year earlier, the company reported a net profit of RMB 95.16 million (£10.76 million).

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  1. Michelin reports higher volumes, lower sales in Q1 2014
  2. The Effects of Raw Material Price Increases
  3. Shareholders Move to Ditch Directors
  4. Rubber Prices May Force Production Cuts in India
27th April 2017/by admin

ZC Rubber still number one tyre manufacturer in China 

Company News, International News, Premium

The latest CRIA data, which was released by Chinese tyre industry association CRIA on 12 April, shows that Zhongce Rubber Group (also known as ZC Rubber) remains the number tyre manufacturer in China in terms of income, with 2016 sales of 18.38 billion yuan (RMB). Giti Tire’s Chinese operation (Giti Tire [China] Investment Co., Ltd.) trails by more than 6 billion yuan, but is a clear second place with 13.14 billion yuan in 2016 ahead of Sailun Jinyu Group, which reported income of 11.19 billion yuan last year.

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Related news:

  1. Aiming for the top 10: Sailun developing five-year plan to climb global rankings
  2. ZC Rubber, Bekaert sign strategic cooperation agreement
  3. Chinese tyre makers off-shoring in Southeast Asia
  4. Doublestar the only bidder left to buy Kumho
13th April 2017/by admin

Aiming for the top 10: Sailun developing five-year plan to climb global rankings

Company News, International News, Premium, UK News

At the beginning of November Sailun Jinyu International (SJI) appointed Gareth Passmore as its president for Europe. He replaced Martin West, who has been appointed global president of the SJI Speciality Tire Group. Passmore, who started on 1 December 2016, is now responsible for all operations throughout Europe across all of the Sailun Jinyu Group brand portfolio – Sailun, Jinyu, Black Lion and Rovelo. Passmore brings with him over 25 years of tyre industry experience, including time with Continental, Apollo (in South Africa) and latterly with Sumitomo Rubber Industries where he headed up the Falken brand’s European export operations. During a recent brand and winter tyre product demonstration event in Sweden, Tyres & Accessories caught up with Passmore and at the same time we were introduced to Sailun’s ambitious goal of becoming a top 10 tyre manufacturer in the years to come.

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Related news:

  1. ZC Rubber still number one tyre manufacturer in China 
  2. Sentury internationalising with US tyre factory investment
  3. Georgia selected as location for $500 million Sentury Tire US factory
  4. Guizhou/Advance Tyre release further Vietnam factory plans
3rd March 2017/by admin

First TBR tyre produced in Sailun’s Vietnam plant

Company News, International News

Sailun Jinyu Group reports that the first all-steel TBR tyre was manufactured in its new factory in Vietnam on 24 November. In announcing the news, the China-based tyre maker notes that it decided to erect a second plant at its Sailun (Vietnam) Co., Ltd. site in order to combat the tariffs in place in the USA. It began work on the factory on 14 March 2016 and produced the first tyre just over eight months later.

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Related news:

  1. Aiming for the top 10: Sailun developing five-year plan to climb global rankings
  2. Trump puts 25% import tariff on Chinese aircraft tyres
  3. Moody’s: US auto parts tariffs credit negative for suppliers
  4. US puts 10% import tariffs on all Chinese tyres
30th November 2016/by admin

Gareth Passmore appointed Sailun Jinyu International president for Europe

Career Tracks, Company News

Sailun Jinyu International (SJI) has appointed Gareth Passmore as its president for Europe. He replaces Martin West, who has been appointed global president of the SJI Speciality Tire Group. Passmore will be responsible for all operations throughout Europe of the four brands within the Sailun Jinyu Group portfolio – Sailun, Jinyu, Black Lion and Rovelo. He will join Sailun on 1 December 2016, and be based at the SJI European Operations Centre in Birmingham, after relocating to the UK.

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Related news:

  1. Maxam to showcase ‘Xtra’ initiatives at Reifen 2016
  2. Aiming for the top 10: Sailun developing five-year plan to climb global rankings
  3. Trelleborg Group appoints Paolo Pompei business area president
  4. Passmore leaves Sailun Jinyu – Chen Huang interim president
3rd November 2016/by Andrew

Sailun to display ‘culmination’ of strategic investments at Reifen 2016

Company News, Product News

Sailun states that it has boosted sales growth and market share “in many European countries” since the introduction of its new car and truck tyre distribution strategy in 2011. The cornerstones of this strategy, which the manufacturer describes as “relatively simple” with “several key interlocking components”, including the full range of Sailun car, truck and bus, summer, winter, and all-season tyres will be demonstrated on the Sailun stand at Reifen 2016: Hall 7, stand 7D20.

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Related news:

  1. Federal to roll out e-mark certified portfolio, new winter tyres at Reifen 2016
  2. Giti brand to replace GT Radial commercial tyre range in Europe
  3. Pirelli launches commercial tyre all-rounder R:01 Triathlon
  4. Kumho introduces new products, diesel optimisation project
19th May 2016/by Andrew
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