Login

Reload

Remember me Forgot it?

Not a subscriber?

Click on the button below to create your account and get immediate access to Xinhua Silk Road Database.

Start a Free Trial

Subscribe

Belt & Road Weekly Subscription Form

Research Report

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

companies

HOME > Company


China's Linglong Tire to enhance partnership with Paraguay's SUNSET on market share in Latin America

October 9, 2018


Abstract : Shandong Linglong Tire Co., Ltd., a leading Chinese tire manufacturer, said that it would sign a strategic cooperation agreement with Paraguay-based tire distribution company SUNSET Tires Co., Ltd. to capture more market in Latin America.

玲珑轮胎

BEIJING, Oct. 9 (Xinhua) -- Shandong Linglong Tire Co., Ltd. (601966.SH), a leading Chinese tire manufacturer, said on Tuesday that it would sign a strategic cooperation agreement with Paraguay-based tire distribution company SUNSET Tires Corporation Limited in Sao Paulo, Brazil on Friday to capture more market share in Latin America.

Under the agreement, the two sides will work together to help Linglong achieve an over 10-percent market share in Brazil's Chinese tire imports market, and a 10-percent market share in Paraguayan market each year from 2019 to 2021.

In addition, SUNSET will import more than 300 million U.S. dollars of products from Linglong in the next three years.

According to Linglong's announcement, it has cooperated with SUNSET for more than a decade. SUNSET has annual sales revenue of 300 million U.S. dollars, with its market share in Brazil and Paraguay ranking the first for years. Linglong currently has an overseas manufacturing base in Thailand, and in August, it announced its second overseas base in Serbia. (Edited by Wu Shuang, Ding Lei; wushuang2018@xinhua.org)


Related Coverage

Focus

Think Tank

  • China’s lower-tier cities offer big market opportun...

    December 12, 2018

    With the nation's urbanization rate expected to reach 68 percent by 2030, a ...

  • APEC nations present green opportunities

    December 12, 2018

    An economic giant sleeps across the APEC region that could create more inclu...

  • BRI offers S. China's Guangxi greater development op...

    December 10, 2018

    BRI has offered Guangxi greater opportunities for development, and allowed i...

  • Climate change and the G20

    December 10, 2018

    The G20 Leaders' Summit 2018 will be a milestone in humankind's global clima...

  • Ask Us A Question

    If you have any questions, please enter them in the box below.

    Reload

    Write to Us

    Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

    Click on the button below to create your account and get imhttp://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

    Start a Free Trial