Linglong Tire opens Luxembourg, Mexico subsidiaries
Chinese tyre maker Shandong Linglong Tire co. Ltd. has opened new subsidiaries in Luxembourg and Mexico City. According to Linglong Tire the Mexico tyre unit, Elite Faith Mexico, S.A. DE C.V., and Luxembourg investment unit Linglong Luxembourg S.à r.l, will engage in the import and export of tyres and raw materials required for their manufacture.
In a statement, Linglong said the subsidiaries were established at the request of vehicle manufacturer Volkswagen in order to “to build up Linglong’s overseas sales network to speed up the two companies’ cooperation.”
Last October, Shandong Linglong Tire passed a Volkswagen Group audit, giving the tyre maker the green light to become an original equipment supplier to the vehicle manufacture.