Sen Kirin promotes global layout

Recently, Qingdao Sen Kirin Tire Co.
, Ltd.
issued an announcement that it plans to raise an additional capital of no more than 4 billion yuan
.
Among them, 3.
493 billion yuan will be used for Spain's annual output of 12 million high-performance cars and light truck radial tire projects, and 507 million yuan will be used to supplement working capital
.

At the same time, Sen Kirin announced that it intends to invest in the construction of a radial tire project with an annual output of 6 million high-performance cars and light trucks in Morocco with a self-financing fund of 297 million US dollars
.
The project is located in Tangier, Morocco, with a construction period of 18 months, with an output of 3.
6 million units in the first year of operation and 6 million units in the second year
.
After the completion of the project, it is expected to achieve operating income of 210 million US dollars, total profit of 51.
88 million US dollars, and total return on investment of 17.
48%
in normal operation year.

Sen Kirin said that in recent years, the company has generally been in a state of short supply of products, and insufficient production capacity has become an important factor
restricting its further development.
Since the European and American markets are its core markets, Morocco, where the investment is located, is the only country in Africa that has signed a free trade agreement with the United States, and the tire products exported to the United States enjoy zero tariffs
.
In addition, Morocco's political and economic environment is stable, its foreign trade policy is good, and its investment costs are low
.

According to reports, the "833plus" strategy is a long-term plan formulated by Sen Qilin, that is, Sen Kirin will use about 10 years to lay out 8 digital intelligent manufacturing bases around the world, while realizing the operation of 3 R & D centers and 3 user experience centers, "plus" refers to the acquisition of an internationally renowned tire company
.