Sailun Group announced on Nov.27 that the company plans to increase capital on Sailun (Shenyang) Tire Co., Ltd..
The company said it planned to increase 400 million yuan to strengthen its subsidiary's competition.
Shenyang subsidiary is an important production base for Sailun Group. On Nov.18, the Shenyang company put 3,300,000 units of high-performance intelligent full-steel heavy duty radial tire production project into operation.
