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

  • How will Brexit crisis affect China-UK economic ties...

    February 20, 2019

    It is crucial for China to understand that the first forces active in the Br...

  • Why China remains a magnet for foreign investment?

    February 20, 2019

    With all of these new initiatives in the works, it's fair to say that China ...

  • Greater Bay Area a center of innovation

    February 20, 2019

    The successful establishment of the Greater Bay Area as a center of scientif...

  • How Can China’s Economy Maintain Steady Growth at a...

    February 15, 2019

    China needs to keep expanding its interconnectivity with global markets, pro...

  • 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