On March 1, the joint venture project of Sailun Group Co., Ltd. and Cooper Tire in Vietnam (ACTR) officially started construction. The project, with a total investment of USD 280 Million and a scale of 2.4 million all-steel tires per year, will greatly strengthen the company’s production capacity, further optimize the overseas layout, and promote the expansion of overseas market business.

The new factory has been officially constructed as planned and will be officially put into operation in the first half of 2020. It is estimated that the new annual operating income will be USD 279 Million, and the new total profit will be USD 36.38 Million.