Sailun Announces Acquisition of Bridgestone Shenyang

On July 14th, Sailun Tire (601058.Shanghai Stock Exchange) announced that its wholly-owned subsidiary, Sailun (Shenyang) Tire Co., Ltd. (Sailun Shenyang), will acquire 100% equity of Bridgestone (Shenyang) Tire Co., Ltd. (Bridgestone Shenyang) from Bridgestone (China) Investment Co., Ltd. for RMB 265 million. Both parties signed the Equity Transfer Agreement on the same day.

This transaction aims to better meet the robust market demand for tire products both domestically and internationally and to further enhance Sailun Tire’s overall competitiveness. Sailun stated that post-acquisition, the company will proceed to adjust the management team of Bridgestone Shenyang and fully utilize the acquired factory’s existing high-quality assets, including land, factory buildings, and equipment. Aligning with its own development strategy, Sailun will determine specific construction projects to rapidly expand production capacity.

Industry analysts noted that through this acquisition, Sailun not only gains the physical assets of the Bridgestone Shenyang plant but, more importantly, it enables the company to swiftly enhance its production capacity deployment and supply capabilities in the Northeast and broader Northern markets. This move consolidates Sailun’s leading position in the domestic tire market and provides stronger support for its international expansion. Furthermore, the announcement explicitly states that the transaction involves no pending employee resettlement issues, which is conducive to a smooth post-acquisition transition and operation.

This acquisition represents a significant step for Sailun Tire in resource integration and scale expansion. It also reflects the proactive approach of major domestic tire players in accelerating capacity growth and strategic positioning through mergers and acquisitions in the current market environment.