Date: 09 Dec 2015
Sailun Jinyu Group Co., Ltd. announced on Thursday that its wholly-owned Vietnamese subsidiary, Sailun (Vietnam) Co., Ltd., plans to invest up to $200m in all-steel belted tyre and off-highway tyre production.
Sailun Jinyu said in its announcement that using the existing land in Vietnam for the tyre production will help cut down production costs and take advantage of Vietnam’s local tax incentives. Sailun Jinyu hopes that this investment will boost its market share in all-steel tyres and off-highway tyres, and improve the competitiveness of its products.
Founded in 2002, Sailun Jinyu is principally engaged in the research, development, manufacture and sale of tyres and distributes its products in the Chinese and international markets.