On June 26, Sailun announced on the Shanghai Stock Exchange that it would invest about 17.5 billion yuan to build a factory and set up a subsidiary in Dongjiakou, Qingdao.
This investment includes: an investment of about 15.181 billion yuan to build a project with an annual output of 30 million sets of high-performance radial tires and 150,000 tons of off-highway tires; an investment of about 2.302 billion yuan to build a new functional material project with an annual output of 500,000 tons.
Super Factory! Annual output of 30 million sets of tires factory
According to the announcement, Sailun Qingdao Dongjiakou project plans to build an annual output of 20 million sets of high-performance semi-steel radial tires, 10 million sets of high-performance all-steel radial tires and 150,000 tons of off-highway tires.
After the project is put into production, it is expected to achieve an average annual operating income of 21.900 billion yuan and an average annual net profit of about 2.961 billion yuan.
1. After the Dongjiakou project is put into operation, Sailun will enter the “Annual Production of 100 Million Tires Club”
According to tire industry experts, the Sailun Qingdao Dongjiakou project can be said to be one of the largest tire factories in China and even in the world in terms of investment amount and tire production capacity.
Relevant data shows that the production capacity of this one factory alone can rank among the top five tire companies in the country, making it a super factory in the global tire industry!
At the same time, according to Sailun’s 2021 financial report, the total design capacity of Sailun tires includes 1,660 sets of all-steel tires, 68 million semi-steel tires, and 160,000 tons of off-highway tires. The actual production capacity is 46.5 million sets of semi-steel tires, 11.55 million sets of all-steel tires, and 100,000 tons of off-road tires.
The construction of the Sailun Qingdao Dongjiakou project will increase the designed annual production capacity of Sailun tires all-steel tires by 60% to 26.6 million sets, semi-steel tires by 29.41% to 88 million sets, and off-highway tire production capacity by 93.75% to 26.6 million sets. 310,000 tons!
After Sailun Qingdao Dongjiakou is officially put into production, Sailun Tire will officially enter the “Annual Production of 100 Million Tire Club”, and has a great opportunity to enter the top ten global tire companies in terms of sales.
- Invest in the construction of the world’s most advanced tire factory
The announcement shows that the Sailun Qingdao Dongjiakou tire project will be divided into 5 phases of construction, each of which will take about 12 months to complete, with a total of 60 months. It is expected to be completed in 2027.
The project will be based on the first industrial Internet “Rubber Chain Cloud” in the rubber industry, and use new intelligent production and testing equipment to manufacture high-performance green tire products.
And adopt advanced RFID technology, sensing technology, online detection technology and mobile communication technology, combined with the tire manufacturing execution system, to realize the construction of the underlying sensor network, data acquisition bus, production application management platform, and to achieve seamless with the operation management system Integration to meet the needs of unmanned manufacturing plants and product quality assurance.
Using liquid gold material.Invest in the construction of a 500,000-ton functional new material project!
While investing in the construction of the largest tire factory in China, Sailun Group plans to invest 2.302 billion yuan in the construction of a new functional material project with an annual output of 500,000 tons in Dongjiakou, West Coast New District, Qingdao.
The total construction period of the project is 36 months, the first phase of the project is 18 months, and the first phase can be put into production of 200,000 tons of new functional materials.
It can achieve an average annual operating income of 12.035 billion yuan, an average annual total profit of 1.23 billion yuan, and an average annual net profit of 92,300 yuan.
It is understood that Sailun’s investment in the construction of a functional new material production base can optimize the internal mixing process of Sailun’s existing tire production base, improve the use efficiency of new materials, and enhance the competitiveness of Sailun’s products.
At the same time, Sailun will purchase liquid gold materials, other rubber materials, additives and other raw materials for the newly established subsidiary of the project, and provide corresponding functional new materials according to the product needs of the company’s production bases, which is conducive to large-scale development Advantages, reduce production costs and improve the overall profitability of the company.
In addition, the functionalized new materials produced in this project have excellent comprehensive properties and can be used as raw materials for the production of high-performance tires with low rolling resistance, high wet skid resistance and high wear resistance. Its production process is a major impact on the existing high energy consumption, low quality, heavy pollution process.
The rolling resistance and wet skid resistance of passenger car tires produced with this material reach the A-level standard, that is, the European wet-skid resistance level reaches A-level (1.55≤G), and the European rolling resistance level reaches A-level (RR≤6.5) At the same time, the mileage of its road test tires can reach 270,000 kilometers, and all indicators have reached the international advanced level.
Sailun Tire said that through effective operation and making full use of the company’s advantages in technology, talents and management, the completion of the project will play a pivotal role in the company’s further rapid development, and at the same time drive the stable and coordinated development of the regional economy.
Postscript：
Shandong Province is a major tire province, and the tire industry is one of the traditional advantageous industries in our province. The tire production capacity accounts for about 55% of the country’s total. However, the current tire industry still has problems such as backward production capacity, serious homogeneity, and weak independent innovation ability.
In this regard, the Shandong government has eliminated a large number of outdated tire factories and supported innovative and competitive tire enterprises. “Shandong Province’s “14th Five-Year” Manufacturing Province Construction Plan” pointed out that by 2025, the output value of Shandong’s tire industry will reach 200 billion yuan; there will be 8 tire companies with sales revenue exceeding 10 billion yuan, of which 2 will exceed 20 billion yuan. More than 1 or 2 companies have entered the top 10 in the global tire industry.
The domestic tire giants led by Sailun Group and other enterprises have effectively improved the overall technical level of my country’s new rubber materials and products industry through the application of innovative technologies for new rubber materials.
At the same time, achieving brand leap through product quality improvement, accelerating the transformation and upgrading of new rubber material enterprises in Shandong Province and even the whole country, alleviating the phenomenon of structural overcapacity, and enhancing the market competitiveness of my country’s rubber products are of great significance for accelerating the conversion of new and old kinetic energy.
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