赛轮轮胎表示，项目预计将在9个月内完成建设，并有望在北美市场及柬埔寨本地市场实现更高的市场份额。① Sailun Group announced tonight plans to expand the capacity of its all-steel tire production in Cambodia, aiming to increase its market share in the North American market and the local Cambodian market; ② According to interviews with reporters from the Financial Associated Press, the company's all-steel tires have a relatively high market share locally.
On January 6, the Financial Associated Press reported (Reporter Xiao Lianghua) that Sailun Group (601058.SH) continues to expand its overseas production capacity. Tonight, the company announced plans to expand the capacity of all-steel tire production in its Cambodia base, increasing its market share in the North American market and the local Cambodian market.
According to the announcement, Sailun Group plans to invest 93.48 million USD to expand the all-steel radial tire project in Cambodia. The project aims to increase the annual production capacity of CART TIRE's all-steel radial tires by 1.65 million units, bringing its total capacity to 3.3 million units.
Sailun Group stated that the project is expected to be completed within 9 months and is anticipated to achieve a higher market share in the North American market and the local Cambodian market.
According to reporters from the Financial Associated Press, after three phases of construction, Sailun Group's Cambodia base currently has a semi-steel tire production capacity of 21 million units and an all-steel tire production capacity of 1.65 million units.
A relevant company official previously told reporters from the Financial Associated Press that currently, the company has plenty of semi-steel tire orders, while the all-steel tire orders are relatively weaker. However, unlike semi-steel tires, the company’s all-steel tires and other products have a high market share in Southeast Asian countries, including Cambodia.
Sailun Group stated that the project will further enhance its competitiveness in the international market and improve the company's overall profitability. According to Financial Estimates, the project is expected to have an average annual revenue of 244.73 million USD, an average annual Net income of 47.12 million USD, a Net income margin of 19.25%, and an investment recovery period of 2.23 years.
