On 20 July 2022, the launch ceremony of the Advanced Polymer and Metal Materials Industrial Park in Qingdao City, Shandong Province was held. Tyrepress noted that among the seven projects that started construction, the Functional New Material Industrial Park belonging to the National Engineering Research Center for Rubber and Tire (NECRAT) was included.
The recent news that Sailun Tyre plans to invest 17.48 billion yuan in setting up two factories in Dongjiakou, Qingdao, has received widespread coverage in Chinese media. The investment in the tyre factory is 15.18 billion yuan, involving 20 million sets of semi-steel radial tyres, 10 million sets of all-steel radial tyres, and 150,000 tons of OTR tyres. The investment in the 500,000-ton new material factory is 2.302 billion yuan. Sailun’s various production bases will mainly use the material factory’s products. According to Sailun’s calculations, the Dongjiakou tyre factory will achieve 21.9 billion yuan revenue and 2.96 billion yuan profit yearly. The annual turnover of the material factory is 12.035 billion yuan, and the average annual net profit is 923 million yuan.
Sailun Tire Americas is planning to open a US technical centre in Chattanooga, Tennessee, USA that will develop tyres for passenger, light truck, SUV, CUV and medium truck tyres applications as well as tyres for electric vehicles. Tyre developed there will ultimately end up at both OE and replacement destinations.
On 24 June 2022 Sailun decided to invest 15.18 billion yuan in building a new tyre factory in Dongjiakou, West Coast New District, Qingdao City, Shandong Province. The planned annual production capacity is 20 million sets of semi-steel radial tyres, 10 million sets of all-steel radial tyres and 150,000 tons of OTR tyres. At present, the Sailun board of directors has passed this investment proposal.
Michelin remains the world’s leading tyre company by sales turnover, but Bridgestone is close behind in one of three close battles distributed across the table. For the first time, our research ranking market-leading global tyre manufacturers in terms of sales turnover converted into euros, illustrates the impact of recent high-profile acquisitions as well as the ongoing disruption of pandemic on the wider market landscape.
Chinese listed tyre companies have successively released their 2021 annual reports in recent weeks. Here, Tyrepress analyses these annual reports’ comparing developments in revenue, operating conditions and overseas factory strategy. And the short story is Linglong remains the largest tyremaker amongst the top 10 listed Chinese tyre companies and that Sailun is the fastest growing.
It doesn’t suffice for a product to be sustainable. The processes used to manufacture this product must be sustainable, too. This is the thinking behind EcoPoint³, the innovation in compounding technology that Sailun Group highlighted during The Tire Cologne. Arriving soon in tyres sold in the UK and Europe, EcoPoint³ results from more than a decade of development.
Sailun Tire Group says it has developed a technology that will “create a rubber revolution in the tyre industry.” Utilising liquid phase mixing, this new proprietary technology is known as EcoPoint³. According to Sailun, EcoPoint³ matches or exceeds tyre performance across the three key functional attributes of rolling resistance, wear resistance and wet grip performance. It will, the tyre maker confidently adds, “change the way that tyres are manufactured.”
Michelin has once again topped the tyre table within Brand Finance’s ranking of the world’s strongest and most valuable brands. Michelin achieved a brand value of US$7.7 billion and a brand strength index score of 85.8 out of 100.
On 14 February, Sailun Group Co., Ltd.’s Board of Directors unanimously approved plans to invest RMB 1.43 billion (£165.9 million) to establish a factory in Cambodia with the capacity to produce 1.65 million all-steel truck and bus radials a year. These tyres will primarily be exported to meet demand in European and North American markets.
As 2021 draws to a close, Sailun reports that it has sold 7 million tyres in Europe “and counting”. Sailun is the 16th largest tyremaker by turnover according to our 2021 ranking of leading manufacturers. The company’s newest production base, which is located in Cambodia, started making tyres on 21 November 2021.
Sailun Tire Americas is recalling almost 85,000 tyres that, due to a manufacturing issue, may experience a belt separation. The Sailun, RoadX, Blacklion, Blackhawk and Ironhead brand tyres in question are ST235/80R16 and ST235/85R16 products with DOT codes 2020 through 4120.
Sailun’s Cambodia tyre factory manufactured its first tyre on 1 November 2021. Symbolic launch aside, production proper began the following week with the goal of reaching full speed by 18 November 2021.
Sailun has presented ‘The Smart Experience’ at the NUFAM 2021 commercial vehicle show in Karlsruhe, Germany, in collaboration with German truck tyre distributor Bohnenkamp AG. Sailun said its stand attracted much interest, with visitors enquiring about the Bohnenkamp partnership, as well as enjoying a game of table football on stand.
The past 18 months have been “very challenging and unique”, comments Sailun Tyre Europe. But the company now says it is delighted to announce participation in two forthcoming trade shows. The first is here in the UK: In conjunction with Kirkby Tyres, local distributor of the Sailun truck tyre range, the tyre maker will occupy a 125 square metre stand within Hall 4 of the NEC when the Commercial Vehicle Show comes opens in Birmingham on 31 August.