Tyre maker Sailun Tire has announced that it will enter a joint venture and invest in the construction of a new factory in Mexico. This joint venture agreement will be between Sailun Singapore, a wholly owned company established in Singapore through a wholly owned subsidiary outside the company and TD International Holding in Mexico.
The decision to establish a factory in Mexico is a strategic move aimed at enhancing Sailun’s production capabilities and streamlining the supply chain to provide our customers with even better service and more efficient delivery of our products.
This new facility will have an annual production capacity of 6 million semi-steel radial tyres, with a total project investment of US$240 million. The joint venture company is also considering the construction of an annual production capacity of 1.65 million all-steel radial tyre project in the future.
“This new facility will be equipped with state-of-the-art technology and staffed with highly skilled professionals who are committed to maintaining the high standards of quality and innovation Sailun is known for,” said Peter Koszo, President North America. “This expansion will not only allow us to meet the increasing demand for our products but also enable us to design, test and now build products for North America, in North America.”
This strategic expansion marks a significant milestone in the company’s commitment to innovation, efficiency, and global growth.
Ranked 12th largest tyre company globally, Sailun sells over 70 million tyres annually in over 135 countries worldwide.