As a 97-year-old company, Doublestar is the only state-owned listed tire company in Shandong Province, and the new chairman of tire branch of China Rubber Industry Association. Doublestar is becoming an international enterprise group with the integration of tire manufacturing, smart equipment, smart logistics (e.g. Robot) and smart cyclic utilization of wasted rubber.
Doublestar Tire shine 2019 Automechanika Dubai superior quality to show elegant demeanor The 2019 Automechanika Dubai show kicks off at the Dubai world trade center, United Arab Emirates, June 10, 2018. This exhibition is the most influential professional exhibition in the field of automotive aftermarket in the Middle East region, and the best platform to enter the Middle East market. In order to further improve the influence in the Middle East, Doublestar Tire with its many high differentiation, high value-added products appear, become the focus of many customers.
The Acquisition Closed At The Price Of Rmb 3.9 Billion! Doublestar And Kumho Tire Cooperate To Create Brilliance On July 6, Doublestar and the Korea Development Bank (KDB) held the trade closing ceremony in Seoul, South Korea. As a result, Doublestar held 45% stake in Kumho Tire for approximately RMB 3.9 billion and officially became its controlling shareholder. Creditors such as KDB will continue to hold 23% of the shares, maintaining the position as the second largest shareholder. So far, this cross-border M&A case, known as the “most tortuous, most magnificent and most bizarre” around the globe, has finally come to a successful conclusion.