GO DAU, Vietnam — Chinese tire maker Qingdao Sailun Group Co. Ltd. plans to expand capacities for car, truck and OTR tires at its 7-year-old plant in Vietnam in response to rising demand from customers in the U.S. and Europe.
The project is budgeted at $462 million over three years and will boost annual capacity at the plant by 3 million passenger tires, 1 million truck/bus tires and 50,000 metric tons of OTR tires, Sailun said.
This Phase 3 expansion is expected to create 1,516 jobs, Sailun said, and will generate up to $440 million in additional sales when on stream.
The Go Dau plant opened in 2013 and now has rated annual capacities of 1.4 million truck and bus tires, 10 million passenger tires, and 35,000 tons of OTR tires.
The company is considered the No. 17 tire maker worldwide, with fiscal 2019 sales of $2 billion.
Sailun also has a joint venture in Vietnam with Cooper Tire & Rubber Co. named ACTR, which started operation in November 2019. It has 2.4 million annual capacity for truck and bus tires.
