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Recently, Jiangsu Tianqi Logistics System Engineering Co., Ltd. announced that the company had obtained the delivery system project of Phoenix Project of the Shenyang New Factory of Michelin Shenyang Tire Co., Ltd. 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. 
Jiangsu Tianqi Logistics System Engineering Co., Ltd. is a well-known supplier of modern manufacturing logistics automation technology equipment at home and abroad. The main products include automobile assembly logistics automation system, automotive welding logistics automation system, auto body storage logistics automation system, automotive coating logistics Automation system and so on. In recent years, the company has provided automated production systems for auto manufacturing and assembly for FAW-Volkswagen, FAW Hongqi, FAW Jiefang, DG Shenlong, SAIC, Guangzhou Fengshen, Shenyang Jinbei, JAC chassis, Beiqi Foton, and Hafei Automobile. General Motors, Volkswagen, Ford, Toyota, Honda, Nissan, Suzuki, Hyundai and other automotive companies have incorporated their global procurement systems.
It is understood that the total contract price of the project is 190 million yuan, and the contract completion period is October 2017. According to the agreement, both parties will formally sign a commercial contract in January 2012. 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.