The European Union Deforestation Regulation (EUDR) is a piece of legislation passed by the European Union in 2023. Its main goal is to prevent products related to deforestation from entering the EU market to protect global forests. Although the European EUDR regulations are mainly aimed at industries directly related to deforestation, such as agriculture, timber, palm oil and other industries, it also has an indirect impact on the tire industry, because natural rubber production may involve deforestation, so the tire industry also needs to pay attention to its supply chain compliance and sustainability to meet the requirements of EUDR.
In response to the requirements of this regulation, For the EU market,our company is actively adjusting its production strategy to ensure that all products meet the sustainability standards of the EU market and ensure that the production and supply of products do not involve illegal deforestation. From September 2024, our company's SUPERWAY brand truck tire products produced in Thailand have been fully produced with raw materials that meet the requirements of EUDR regulations. In addition, starting from October 2024, our passenger car tire production line in China will also fully transition to using raw materials that comply with EUDR regulations. These raw materials are strictly screened to ensure that their sources are legal and compliant, and meet the EU's high standards for environmental protection and sustainable development.
Since its establishment, our company has always taken environmental protection and sustainable development as its mission, and is committed to providing customers with high-quality tire products. Our products are exported to many countries and regions around the world. In the future, we will continue to actively respond to the international market's requirements for environmental protection and provide customers with premium quality tire products that meet environmental standards.