Shandong Linglong Tire Planned to Sign Agreement with Sunset

Shandong Linglong Tire Planned to Sign Agreement with Sunset

On October 8, Shandong Linglong Tire announced that it intended to sign a strategic cooperation agreement with Sunset, so as to expand its market share in Brazil and Paraguay and enhance the popularity and influence.

It is learned that Sunset is a well-known tire import and export company in South America. It has branches in Brazil, Paraguay, Colombia, Chile, Argentina and other countries, and has a warehouse in the bonded area. Its annual sales amount is about $300 million. And the market share in Brazil and Paraguay has remained at the top for many years, with an annual growth rate of 20%.

Shandong Linglong Tire subsequently reveals the main contents of the outline agreement. It points out that from 2019 to 2021, the two parties will strive to achieve a goal that the proportion of Shandong Linglong Tire’s products reaches 10% above of the imported tires from China in the Brazilian market and that also reaches 10% above of all the tire products in Paraguay.  

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