The SaarGummi Group develops and manufactures rubber products since 1947. It grew from a German company located in Wadern-Büschfeld, Saarland into a global powerhouse operating in the North Americas, Brazil, Europe, Russia, India, Korea and China.

Chongqing Light Industrie and Textile (Co.) Ltd. - short: CQLT - is a 100% subsidiary of SASAC. SASAC is an acronym for State-owned Assets Supervision and Administration Commission of the State Council. It supervises and manages the state-owned assets of the enterprises under the supervision of the Central Government (excluding financial enterprises).