Core Viewpoint - The company plans to invest approximately $291 million (around 2.09 billion RMB) in establishing a tire manufacturing plant in Egypt, with an expected net profit margin of 18.30% from the project [1] Investment Details - The project aims to produce 3.6 million radial tires annually and is projected to generate an average annual revenue of about $190 million and an average annual net profit of $34.77 million [1] - To fund the investment, the company intends to increase capital for its subsidiaries, including up to $175 million for its wholly-owned subsidiary in Hong Kong, which will also provide funding to its Singapore subsidiary, and subsequently to its European subsidiary [1] Strategic Rationale - Egypt's strategic location at the crossroads of Asia, Africa, and Europe, near the Suez Canal, allows the company to access markets in Europe, Africa, and the Middle East [1] - As the third-largest automotive market in Africa, Egypt presents a strong demand for tires, making it a favorable investment opportunity [1]
赛轮轮胎拟20亿埃及建厂,预计年净利润3477万美元