Linglong Tire greenlights Serbia factory project

21st August 2018 | 0 Comments
 
Linglong Tire greenlights Serbia factory project
Linglong Tire was already in talks with Serbian authorities at the time of company chairman and president Wang Feng’s (right) visit to the country in June 2017 for the inauguration of Serbia’s new president

Under Linglong Tire’s ‘5+3’ strategy, the company aims to establish three tyre factories around the world in addition to five facilities in China. The tyre maker’s first international plant was inaugurated in Thailand in 2014, and yesterday Linglong Tire announced its Board of Directors’ approval of plans to build a second in Serbia. Construction of a new facility 30 miles north of Belgrade is expected to commence in the first half of next year and ultimately give Linglong Tire an annual capacity of 13.62 million tyres in Europe. The project involves an investment of US$994.39 million.

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Category: Company News, International News

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