the formation of production of 10 million sets of semi-steel radial tires production capacity.
The face of strong competition in the international tire industry, tire companies at the same time ensure the quality and price advantage, but also to strengthen the brand marketing, a brand effect. The only way to seize market opportunities, to promote the development of China's tire industry.
Sailun shares to expand the scale of operation, to further enhance the competitiveness of enterprises, intends to acquire 100% equity interest in Shenyang peace meridian tires Manufacturing Co., Ltd., at the same time to acquire 49% stake in Shandong Jinyu Industrial Co., Ltd..
It is understood that the Shenyang peace meridian tires Manufacturing Co., Ltd. registered capital of 120 million yuan, mainly engaged in tire production, a key project of the Liaoning provincial government; Jinyu Industrial Co., Ltd. is mainly engaged in the manufacture and sale of semi-steel radial tire, has been the formation of production of 10 million sets of semi-steel radial tire production capacity.
In addition, the shares of the race round in May, also acquired a 51 percent stake in Thailand and Thailand Hua Luoyong plant, which is mainly engaged in processing and marketing of natural rubber products. Under the agreement, the tournament round of the shares through its wholly owned subsidiary Qingdao Sai Ruite International Logistics Co., Ltd. acquired the plant, the two companies to be negotiated, the total purchase price of the equity transfer of 32 million yuan.
Stakeholders believe that before the case of the domestic tire companies are multinational acquisition, but almost no each other acquisitions of domestic enterprises. Race round a series of acquisitions, and perhaps opened the curtain of China's tire industry consolidation and restructuring.
The integrity of the international assessment of Fuyao Glass Industry Group Co., Ltd. (hereinafter referred to as "Fuyao" or the "Company") and issuer credit rating to AA, the rating outlook is stable.
The integrity of internationally recognized companies in the automotive glass industry, a strong market competitiveness, R & D capability and leading position in the industry, and also affirmed the positive impact of lower corporate debt levels and other factors on the company's credit status; in the integrity of the international concern to car dvd player and in car dvd player The growth rate of China's automotive industry downturn, rising raw material prices and other factors on the company's overall credit situation.
Solid industry leader. Fuyao is the largest world ranking third in the automotive glass supplier. As of the end of 2011 in the domestic auto glass supporting the market share of 69%, a solid industry leader.
Further expand the international market. The growth rate of the domestic car market downturn, the company's overseas business grew rapidly and to safeguard the stable development of the company's overall business. In 2011, the company's overseas business income of 3.047 billion yuan, an increase of 29.07%.
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