Tianqi shares won 190 million Michelin project

Tianqi Co., Ltd. (002009) received a notification from Michelin (China) Investment Co., Ltd. on December 22. The company won the bid for the delivery project of Phoenix Project of Shenyang New Tire Co., Ltd. in Shenyang. The total contract price of the project is 190 million yuan, and the contract completion period is October 2017. At the same time, according to the agreement, both parties will formally sign a commercial contract in January 2012.

It is understood that Michelin is one of the world's top 500 companies, a leader in the global tire industry and has strong economic strength. As Michelin's largest production base in China, Michelin Shenyang Tire Company was established in 1995 to produce passenger car tires and truck and bus tires. . Tianqi said that the amount of this contract accounted for 15.20% of the company's total operating revenue in the latest fiscal year (2010). Due to the completion of the project in October 2017, it will have a positive impact on the company's profit from 2012 to 2015.