三角轮胎股份有限公司对外投资公告

Core Viewpoint - Triangle Tire Co., Ltd. plans to invest 3.219 billion RMB in a new project in Cambodia to establish an annual production capacity of 7 million high-performance radial tires, aiming to enhance its global presence and competitiveness [2][5][16]. Investment Overview - The investment involves the establishment of a new company in Cambodia to implement the tire production project [9]. - The project has been approved by the company's board of directors and does not require shareholder approval [6][8]. Project Details - The project is currently in the preparatory stage and will require approvals from various national and local authorities in Cambodia [3][10]. - The target markets for the new production facility include North America, Europe, the Middle East, and Southeast Asia, where demand is expected to grow steadily [11]. Feasibility Analysis - Cambodia's participation in the Belt and Road Initiative and its stable economic growth make it a suitable location for the project [12]. - The company has over 50 years of experience in tire manufacturing, which supports its capability to manage and implement the project effectively [12]. - Establishing a production base in Cambodia is a strategic move to optimize the company's global supply chain and reduce operational costs [12][13]. Financial Impact - The project is expected to add 6 million semi-steel radial tires and 1 million all-steel radial tires to the company's production capacity, potentially generating an average annual revenue of 2.585 billion RMB [16]. - The investment will be funded through the company's own and self-raised funds [14]. Strategic Importance - This investment represents a significant step in the company's strategy to enhance its global manufacturing and operational capabilities, paving the way for future expansion and market growth [13].