- CEO
- Wen Long Lin
- Full Time Employees
- 3,935
- Sector
- Consumer durables
- Industry
- Automotive aftermarket
- Address
- No. 5, Tianshan 3rd Road Qingdao SD China 266229
- IPO Date
- Sep 11, 2020
- Business
- Qingdao Sentury Tire Co., Ltd. (002984.SZ) develops, manufactures, and sells radial tires and aviation tires primarily in China and internationally. The company produces semi-steel radial tires for passenger cars, sport utility vehicles, light trucks, heavy trucks, commercial vehicles, off-road vehicles, racing cars, and motorsports; all-steel radial tires for heavy-duty applications; and aviation tires, marketed under the SENTURY, LANDSAIL, DELINTE, and GROUNDSPEED brands. Founded in 2009 and headquartered at No.5 Tian Shan San Road, Jimo, Qingdao, Shandong Province, China, Sentury Tire operates manufacturing facilities in China, Thailand, and Morocco, with distribution networks spanning over 150 countries including North America, Europe, and emerging markets. The company targets automotive original equipment manufacturers, replacement markets, and specialty sectors such as electric vehicles and sustainable mobility.
In recent developments, Sentury Tire completed construction of a new intelligent manufacturing factory in Morocco in 2024, achieving an annual output of 12 million high-performance passenger car tires within 11 months. It entered strategic partnerships with automotive manufacturers and local suppliers to promote eco-friendly and sustainable tire lines, alongside a 2023 acquisition of a smaller competitor that expanded production capacity by 15%. Additionally, the company pursued a 2.8 billion yuan private placement for a Spanish tire project, issued corporate bonds and new shares for refinancing and capacity enhancements, and relocated its U.S. headquarters to a larger facility in Hialeah, Florida, to meet rising demand. These initiatives support revenue growth projections at a compound annual rate of 8% through 2025, driven by export surges, product innovations like high-performance and green tires, and market expansions.