Sentury Tire announced on the evening of October 7 that it plans to jointly invest with Turkish tire distribution service provider TATKO Group in a project to build an annual production capacity of 7 million high-performance passenger car and light truck radial tires in Turkey, with a total planned investment of $273 million and a construction period of 18 months. The project's total planned investment is $272.82 million, of which Sentury Tire and its wholly owned subsidiaries will account for 90.1 percent and TATKO Group for 9.9 percent, funded through self-raised capital. According to estimates, once completed and operating normally, the project is expected to generate annual operating revenue of $204.62 million and net profit of $42.11 million, with a net profit margin of 20.58 percent. This outbound investment was approved at the 14th meeting of the company's fourth board of directors on September 30, 2026, and still requires review by the company's shareholders' meeting, as well as approval or filing with relevant Chinese authorities and local Turkish authorities. Sentury Tire stated that the project is a concrete step in implementing the high-quality Belt and Road Initiative and positioning intelligent manufacturing capacity at a Eurasian hub. Once completed, it will create global synergies with the company's overseas production bases in Thailand and Morocco, further improving its 833Plus global strategic layout.
Qingdao Sentury Tire Co LtdSentury Tire plans a $273M joint venture with TATKO Group to build a 7M-tire plant in Turkey, expanding overseas capacity.
