On January 24th, President of Shanghai Huayi Group and Liu Xuncheng, Chairman of Shuangqin Group, and Wang Xuebin, Chairman of Xinjiang Investment Development (Group) Co., Ltd. (hereinafter referred to as Xintou Group), signed Xinjiang Kunlun Tire Co., Ltd. (hereinafter referred to as Kunlun). The Tire and Equity Cooperation Framework Agreement officially launched the equity cooperation between the two parties.
Shuangqin Group has well-known brands such as “double money†and “back forceâ€, and “double money†tires have created a number of firsts in the Chinese tire industry.
At present, Shuangqin Group's annual output of all-steel radial truck tires exceeds 7 million pieces, sales revenue exceeds 12 billion yuan, and tire production bases with leading international standards have been established in Jiangsu and Chongqing, and world-class tire manufacturers in Anhui Province. Michelin companies jointly build an international advanced tire production base.
Kunlun Tire is the only tire manufacturing company established in Xinjiang by a number of shareholders such as Xintou Group. It is a state-owned holding company and its own brand Kunlun Tire has a certain reputation in Xinjiang, Northwest China and Central Asia.
As early as the 1980s, Shuangqin Group had cooperation with Kunlun Tire.
Xin Xue Group Chairman Wang Xuebin said: "I hope through this equity cooperation, the introduction of Double Money Group's capital, the use of dual money in the all-steel truck tire product production, technology, research and development, sales channels and brand impact and other advantages, to enhance the Kunlun tires Market competitiveness."
Shuangqin Group Chairman Liu Xunfeng introduced that after the cooperation between the two parties, they will take advantage of technology, management and marketing, and realize Kunlun Tire's 600,000 TBR production lines, reaching 1 million capacity, and achieving an annual sales income of 5 billion yuan. .
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