SG Neo is the innovation platform for the entire SG Group since 2016
SG Group overview
SG Group & CQLT
CQLT - owner of SaarGummi Group - is a top 500 company in China. Facilitate robust organic growth for the future. 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).
The conglomerate CQLT is one of the top 500 enterprises in China with diverse investments, including those in the automotive industry. In 2005/2006, a joint marketing and development venture was established with SaarGummi. Beginning of June 2011, CQLT has assumed the SG Group out of insolvency. CQLT sees the acquisition as a strategic commitment. Post-insolvency the SaarGummi Group has managed to write solid black numbers within three years ever since.
SG Group history
Future is built on tradition.
SaarGummi Group combines a long-lasting track record of providing technical rubber products with inventive and entrepreneurial spirit. 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.