Sailun Tires: plans to invest $291 million to build a project in Egypt that will produce 3.6 million radial tires per year.

Sailun Tyre Announcement: The company plans to invest in building a "project with an annual production of 3.6 million radial tires" in Egypt, with a total investment of $291 million. This includes construction investment of $255 million, working capital of $35.23 million, and construction period interest of $1.02 million. The project will be implemented by the company's wholly-owned subsidiary, Sailun Tyre Europe B.V., and Sailun International Holding PTE. LTD., in a subsidiary set up in Egypt. The project is expected to achieve an average annual operating income of $190 million and an average annual net profit of $34.77 million.