On October 7, 2026, Sentury announced that at the 14th meeting of the 4th Board of Directors held on September 30, the company reviewed and approved the investment proposal of Türkiye tire factory, and planned to jointly invest with Türkiye TATKO Group in the construction of a project with an annual output of 7 million high-performance cars and light truck radial tires. The planned total investment was 272.82 million dollars, about 273 million dollars, equivalent to about 1.94 billion yuan, and the construction period was 18 months. This investment proposal has only been reviewed by the board of directors and still needs to be submitted to the shareholders' meeting for voting. The project has not officially started. The investment amount of 273 million US dollars, an annual production capacity of 7 million units, and an 18 month construction period are all planned targets, not confirmed indicators that have already been implemented; The revenue and profit data in the feasibility study are only estimated values and do not constitute performance commitments.

Seven million tons of production capacity plus Eurasian pivot

According to the feasibility study report, the total investment of the project is 272.82 million US dollars, including construction investment of 262.66 million US dollars and working capital of 10.16 million US dollars; The equity structure consists of Sentury's wholly-owned subsidiary accounting for 90.1% and TATKO Group accounting for 9.9%, with funds raised by both parties; Design an annual production capacity of 7 million high-performance radial tires for cars and light trucks; The construction period is 18 months; The employment scale is about 400 people. Feasibility study estimates that the project is expected to achieve a revenue of 205 million US dollars, a net profit of 42.11 million US dollars, and a sales net profit margin of 20.58% in the normal operating year after reaching production capacity. This data is only for feasibility stage calculation and does not represent future performance commitments. The project relies on the regional advantages of strategic docking between Türkiye and the middle corridor of the the Belt and Road to build a tire manufacturing fulcrum radiating to the European and Central Asian markets; At the same time, relying on Türkiye's local automobile industry foundation, the vehicle supporting needs of the nearby service areas. After the completion of the project, it will form a global synergy with Sentury's overseas production bases in Thailand and Morocco, further improving the company's 833Plus global strategic layout.

TATKO Centennial Channel Assistance Supporting Facilities

TATKO Group is an independent multi brand tire distribution service provider in Türkiye, which was founded in 1927. In its early years, TATKO Group was a regional dealer of Goodyear and Dodge in Türkiye, with nearly a century of industry accumulation and leading local tire distribution strength. TATKO has a sales and distribution network covering Türkiye, as well as cross-border export channels and warehousing and logistics capabilities for the Balkans and Central Asian countries. As of June 30, 2026, the total assets of TATKO Group are 8.858 billion Türkiye lira and the net assets are 2.903 billion lira; In the first half of 2026, the company achieved a revenue of 7.057 billion lire and a net profit of 287 million lire; In 2025, the annual revenue was 12.912 billion lire and the net profit was 364 million lire. Sentury chose TATKO as the joint venture partner, with the core logic of leveraging local channel partners to open up a dual market loop of supporting replacement tires. TATKO's distribution network in Türkiye can directly digest the replacement tire capacity of the new factory, and its complete vehicle supporting customer relationship helps Sentury to enter the supply chain system of local automobile brands in Türkiye. Keywords: the Belt and Road news network, enterprise industry, enterprise going to sea

Türkiye's springboard to avoid anti-dumping

Sentury chose Türkiye as the third largest overseas production base, with clear logic behind trade barriers. The European Commission has made a final positive anti-dumping ruling on Chinese made new passenger cars and light truck inflatable rubber tires, with a tax rate range of 4.3% to 45.3%. Sentury and other top companies responding to the lawsuit are subject to a tax rate of 24.4%. After the final ruling, China's share of passenger tire exports to the European Union decreased from 41.77% to 34.98%. According to the customs union agreement between Türkiye and the European Union, all industrial manufactured products that have paid taxes in Türkiye and are in free circulation can enter the EU market directly without paying customs duties with the A.TR goods circulation certificate. Tires belong to general industrial products and happen to be on the tax-free list.Editor/Gao Xue