CUIDAD DEL ESTE, Paraguay — Sunset Cubiertas S.A., a tire distributor active in Brazil and Paraguay, has signed a long-term supply agreement with Shandong Linglong Tire Co. Ltd. covering distribution of Linglong's brands in these countries.
Sunset, a customer of Linglong for more than a decade, has agreed to buy tires worth $300 million over the coming three years for sale in Brazil and Paraguay, according to Linglong.
Sunset also will be responsible for promoting the Linglong brand locally and opening Linglong-brand shops in first-tier cities in Brazil and Paraguay.
In business since 1988, Sunset has branch companies in Argentina, Brazil, Chile, Colombia and other countries, Linglong said, generating up to $300 million in revenue annually.