Tyre Brand SAILUN grows fastest according to Brand Finance Report 2023

EQS-Media / 17.04.2023 / 12:55 CET/CEST

Tyre Brand SAILUN grows fastest according to Brand Finance Report 2023
Ranked 11th most valuable tyre brand in the world with a growth rate of 6 %

Frankfurt, April 17, 2023 Chinese tyre group SAILUN continues to take off. According to Brand Finance, SAILUN continues to climb step by step in the rankings of the world's strongest and most valuable international tyre brands in 2023 and is currently in 11th place (2022: 12th place as newcomer in the TOP 15). In addition, SAILUN rose to become the fastest-growing international tyre brand for the first time with a 6 percent increase. The brand value of the SAILUN brand, which was founded just 20 years ago, is also already over 700 million US dollars, an increase of over 50 % in the last three years. For the first time, Brand Finance also lists SAILUN's brand value in a total of 6 of the global brand rankings – including the largest tyre brands and the best brands from China. “Years of research and development and state-of-the-art tyres based on sustainable EcoPoint3 technology are just some of the reasons why we keep climbing up the rankings," underlined Stephan Cimbal, Director Marketing SAILUN Europe, highlighting that "Brand Finance not only evaluates the status quo, but also the future potential of the brand based on current marketing and communication activities, which is of course a nice confirmation for us and at the same time a great incentive for the coming years."

As an internationally recognized consulting firm, Brand Finance puts 5,000 of the world's biggest brands to the test every year, evaluates brands from almost all industries and countries, and publishes around 100 rankings, statements and reports every year. The brand values are calculated, among other things, based on the question of what royalties a company would have to pay if it did not own the brand. In addition to the brand value, each of the 500 brands is assigned a brand rating. Modeled on credit ratings, this value provides a benchmark of a brand's strengths, risks and potential compared to those of its competitors.

Since 2019, Brand Finance has also calculated SAILUN’s brand value for the fifth time in a row, and it has always gone up step by step for the Chinese tyre group. While many of the traditional manufacturers had to accept percentage losses and lost ground, SAILUN was once again able to further narrow the gap to the traditional brands placed in the TOP 10 and continue the positive trend that has been ongoing for years. The results of the current Brand Finance Report 2023 underline that SAILUN is one of the clear winners in several respects. Among other things, the innovative tyre generations based on EcoPoint3 technology have been able to contribute significantly to better business results worldwide and especially in Europe. “A strong brand like SAILUN will give us clear competitive advantages in the medium term and help us weather even economic downturns or disruptions in the tyre industry better than others,” Gareth Passmore, Senior Vice President Car and Truck Europe SAILUN commented on the performance. In addition, a strong brand helps to differentiate the company from international competitors and establish a sustainable brand identity in the tyre sector.

In 2022, after ten years of development, the SAILUN brand launched its EcoPoint3 tyre, a more sustainable and affordable solution for automakers as well. These tyres are manufactured using a more energy-efficient liquid-phase compounding technology that produces a tyre with lower rolling resistance, which significantly reduces energy or fuel consumption compared with competitors. The “Smart Forward” communications strategy around the 2022 launch generated widespread global media coverage and contributed in large part to the growth of SAILUN’s brand equity.

For 2023, SAILUN’s focus at all levels is now on continuing to successfully position itself for future challenges in the tyre sector, which is subject to permanent change. Independent experts expect sustainability trends in particular to have a significant impact on the sector in the coming years. “In this context, not only consumers but increasingly also global regulatory authorities are demanding that modern tyres be made of sustainable materials that have lower rolling resistance, save energy, last longer and can be recycled or reused at the end of their life cycle,” emphasized Stephan Cimbal, Director Marketing SAILUN Europe. “We are prepared for this and offer appropriate solutions.”

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Notes for editors: SAILUN - Facts & Figures

The SAILUN Group was founded in 2002 in the East Chinese technology and economic zone of Qingdao. Started as a technology and testing platform for tyres, the tyre group is already one of the TOP 15 largest tyre manufacturers in the world (ranked 12th since 2023). Currently, there are about 400 tyre manufacturers with about 800 tyre brands worldwide.

SAILUN produces in a total of seven high-tech production facilities – four of which are located in northern China (Qingdao, Dongying, Shenyang, Weifang), two in Vietnam, one in Cambodia. To serve international markets around the globe, SAILUN has a worldwide distribution network and numerous logistics centers in North America, Europe, Australia and Asia. With a total production capacity of more than 80 million truck and passenger tyres and 160,000 tons of specialty tyres in 2022, SAILUN serves customers in more than 180 countries and regions around the world.

300 specialists conduct research on the tyres of the future and work together with Qingdao University of Science and Technology to constantly improve the new generations of tyres in order to make a sustainable contribution to customers, partners and the environment.

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More information: www.sailun-tyres.eu
Contact:
Sailun Europe, Media Office
Wolfgang Mache
PR & PRESS COMMUNICATION Wolfgang Mache
Schönsberg 17a
22395 Hamburg, Germany
E-Mail: info@wm-pr.de

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Language:

English

Company:

Sailun Europe GmbH

Grosser Hasenpfad 30

60598 Frankfurt am Main

Germany

Internet:

https://www.sailun-tyres.eu/

EQS News ID:

1608879

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