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SPG teams up with CNBM to set up overseas tire warehouse

|chinadaily.com.cn |Updated: March 25, 2022
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Shandong Port Group (SPG), the world's largest port operator, will cooperate with China National Building Material Group (CNBM) to set up a public overseas tire warehouse in the Jebel Ali Free Trade Zone in Dubai, the United Arab Emirates (UAE), according to a strategic cooperation agreement that was signed by SPG and CNBM during the Shandong Week of China Pavilion at the Expo 2020 Dubai on March 22.

The new tire public overseas warehouse will offer a platform for micro-, small- and medium-sized tire enterprises reduce operation cost and expand global market, according to authorities.

Shandong's tyretire industry has maintained first place in China for many years in terms of output and export volume, and tyretire businesses are currently focusing on the worldwide market to increase exports. SPG responded quickly to businesses' requests and deepened its partnership with six Shandong tire companies, assisting them in shipping their high-quality products to the overseas warehouse at the Abu Dhabi Port in the United Arab Emirates, thereby launching SPG's international warehouse business.

The establishment of the new public overseas tire warehouse in the Jebel Ali Free Trade Zone in Dubai is an important step for SPG to promote the upgrading and transformation of the province's foreign trade, and accelerate the development of new foreign trade business models.

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The opening ceremony of the Shandong Week of China Pavilion kicks off at the Expo 2020 Dubai on March 22 in Shandong and Dubai both online and offline, offering a platform for enterprises to deepen economic and trade cooperation between the UAE and Shandong. [Photo/WeChat account: Shandong-Port]

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