Sailun Tire, an esteemed exhibitor at CITEXPO, continues to break new ground in the tire industry. Recently, Sailun made a significant stride by forming a joint venture with Tire Direct, a subsidiary of TD Mexico, the largest tire dealer in Mexico boasting extensive sales networks and localized operational expertise. Sailun revealed that they have many years of cooperation experience with Tire Direct and have a good business relationship.
With an estimated cost of $240 million and a projected completion within 12 months, this venture aims to establish a cutting-edge factory with an initial annual production capacity of 6 million passenger tires. Sailun also envisions the potential to expand the capacity to 1.65 million TBR tires in the future.
Taking a 51% stake in this venture, Sailun has the authority to appoint two out of three directors to the board, including the chairman, general manager, and financial director. Meanwhile, TD Mexico, holding 49% of the shares, nominates a director and human resources director.
Anticipating an annual operating income of US$220 million and a net profit of US$40.59 million under normal operational conditions, Sailun's strategic move aligns with its continuous expansion endeavors. Ranked as the world's No. 12 tire maker with fiscal 2022 sales totaling $3.22 billion, Sailun Tire remains steadfast in its expansion journey.
Don't miss the chance to connect directly with Sailun Tire and explore potential partnerships. Join us at CITEXPO 2024, where Sailun Tire will showcase its groundbreaking innovations. It's an exclusive opportunity to engage with industry leaders and pioneers firsthand. See you next year!
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