Sailun Tire: Plans to invest $285 million to build an expansion project in Egypt with an annual production capacity of 7.05 million radial tires.

Sailun Tire announcement, the company plans to invest in the construction of the Egypt annual production of 7.05 million radial tires expansion project, with a total investment of 285 million US dollars, including construction investment of 272 million US dollars, and working capital of 13.13 million US dollars. The company will increase the capital of Sailun Hong Kong by no more than 285 million US dollars, Sailun Hong Kong will increase the capital of Sailun Singapore by no more than 285 million US dollars, Sailun Singapore will increase the capital of Sailun Europe by no more than 283 million US dollars. Sailun Europe and Sailun Singapore will increase the capital of Shams El Sherouk by no more than 283 million US dollars, and 2.85 million US dollars. The project is expected to achieve an average annual operating income of 368 million US dollars and an average annual net profit of 61.5 million US dollars.