2.8 Billion! Tire Manufacturers Raise Funds For New Bases
On July 4th, Qingdao Senqilin announced that its application to issue stocks to specific targets had been approved by the China Securities Regulatory Commission.
The company plans to issue approximately 97.45 million shares and raise a total of 2.8 billion yuan. After deducting the issuance fees, all the raised funds will be used for the construction of the Spanish project.
The Senqilin Spanish base is located in the Galician Autonomous Region, with a total investment of 3.766 billion yuan. Among them, the construction investment is about 3.44 billion yuan, including equipment investment of 2.675 billion yuan.
Currently, 309 million yuan has been invested in this project.
It is reported that its designed annual production capacity is 12 million high-performance radial tires. Including 4.2 million sets of light truck tires and 7.8 million sets of passenger tires.
The construction period is expected to be 36 months, and the specific duration depends on local construction conditions, etc.
Currently, Sen Qilin has signed a land purchase contract and made a partial advance payment for the land.
After completion, it is expected to become the first smart tire factory built by Chinese tire companies in developed countries in Europe and America.
At the same time, it is beneficial for enterprises to continue promoting global layout and accelerating the implementation of the "833Plus" strategic plan.
