Yancheng, Jiangsu – Chinese manufacturer of hydraulic curing presses is considering million-dollar expansions in both India and eastern Europe, according to Sinoarp chairman David Chen.
Speaking to ERJ at a product launch event earlier this month, Chen said Sinoarp has opened offices in Japan, India, Europe and the US, and is mulling further expansion with million-dollar assembly plants in India and eastern Europe.
As a key supplier to major tire maker, the company is, however, concerned about market headwinds.
According to Chen, international tire giants have proven to be more vulnerable to the drop in new vehicle sales, compared with smaller brands with a stronger presence in the replacement segment.
“We are having flat sales this year [compared with 2018] and there are greater uncertainties ahead,” he added.
Established by Chen in 2013 to specifically deliver service to high-profile customers, Sinoarp specialises in curing press for both car and truck tires, with sizes from 24-inch to 130-inch for mechanical machines and from 28-inch to 66-inch for hydraulic ones.
It generates 95% of its revenue from big tire makers such as Michelin, Goodyear, Bridgestone and Yokohama, with 80% of total sales to the overseas markets.