The first radial earthmover tyre made by Guangxi Linglong Tire rolled off the production line earlier today. For the wholly-owned subsidiary of Shandong Linglong Tire, the start of production represents an important milestone in Linglong’s RMB 4 billion (£454 million) investment programme. Through this investment, Linglong aims to manufacture 20 million high-performance car tyres, 2 million all-steel truck radials and 60,000 specialty tyres per annum.
During a ceremony held on 30 March to mark the start of work on its new tyre plant in Serbia, Linglong Tire announced its sponsorship of the country’s top football league, the Serbian SuperLiga. The signing of an agreement between the two parties was witnessed by Goran Knezevic, Serbia’s Minister of Economy, Sinisa Mali, Minister of Finance, Vanja Udovicic, director of Serbian Sports and Youth, Lazovic Dragomir, president of Serbian SuperLiga, Wang Feng, chairman of Linglong Tire, and other guests.
A ceremony has taken place to mark the start of work on Linglong Tire’s new tyre factory in Serbia. Company chairman and chief executive officer Wang Feng greeted guests at the site of the future plant on 29 and 30 March to launch the new subsidiary, Linglong International Europe D.O.O. Zrenjanin (LLIE), and to hold the tyre maker’s global partner conference.
The City of Zrenjanin in Serbia reports that Linglong Tire will lay a symbolic foundation stone on 30 March to mark the start of construction work on its new tyre factory. The ceremony will be attended by China’s ambassador to Serbia as well as national and local officials.
Talks were held last week between Linglong Tire and the European Bank for Reconstruction and Development (EBRD). Linglong Tire chairman Wang Feng met with key EBRD representatives, including Jurgen Rigterink, first vice-president, Betsy Nelson, vice-president and chief risk officer, and Jean-Marc Peterschmitt, managing director of industry, commerce and agribusiness, in London on 16 October to discuss cooperation on the construction of Linglong’s tyre plant in Serbia.
Linglong Tire confirms the signing of a US$300 million deal with Paraguay-based tyre distributor Sunset Tires. Wang Feng, chairman of Linglong Tire, put his signature on a strategic cooperation agreement along with Nabil Chamseddine, chief executive officer and president of Sunset, on 12 October.
Shandong Linglong Tire’s plans to set up a tyre factory in Serbia gained a further boost on 17 September with the finalisation of an investment framework agreement with the country’s Ministry of Finance. The document was signed by Linglong chairman Wang Feng and Siniša Mali, Serbia’s Minister of Finance, at a ceremony in Beijing also attended by Aleksandar Vučić, President of Serbia.
On 1 September 2018, Chinese vehicle manufacturer FAW Group Corporation signed a product technical cooperation framework agreement with Shandong Linglong Tire. The two parties intend to collaborate on the development of tyres for new models produced by FAW.
Several days after its Board of Directors approved plans to build a factory in Serbia, Shandong Linglong Tire Co., Ltd. signed an investment memorandum with regional and national officials. Company chairman and president Wang Feng signed the agreement together with Goran Knežević, Serbia’s Minister of Economy, at a ceremony held in Zrenjanin, Serbia on 23 August. Aleksandar Vučić, president of Serbia, and Li Manchang, China’s ambassador to the country, also attended the ceremony.
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.
The tyre plant built in Uzbekistan by Uzkimyosanoat State Joint Stock Company and partners, with technical assistance from Linglong Tire is complete, and Linglong says it is now focused on appointing a product technical team and working towards helping the plant achieve its production goal of 3 million passenger car radials and 200,000 cross-ply agricultural tyres per annum.
Linglong Tire is examining tyre pyrolysis technology and its application to waste tyre recycling. The tyre maker shares that it organised a conference on the subject at its headquarters in Zhaoyuan, China on 24 July, an event attended by 13 academics and experts from Shanghai Jiao Tong University, Sichuan University, Zhejiang University and Beijing University of Technology.
Shandong Linglong Tyre Co., Ltd. has selected Cimcorp as its strategic partner for tyre plant automation, and the Finnish manufacturer and integrator of turnkey robotic tyre-handling and order fulfilment solutions is currently working on two projects for Linglong. In addition, Cimcorp will provide solutions for Linglong Tire’s new greenfield facility in Jingmen, China.
Starting with its very first loan, Linglong International Tire (Thailand) Co. Ltd. (LLIT) has cooperated closely with Thai banking group Kasikornbank over a number of years. The Linglong Tire subsidiary has now entered into an agreement with Kasikornbank that paves the way for the tyre maker’s continued expansion in Thailand.
The start of a partnership between Linglong Tire and Juventus FC in February has been cemented by an official ceremony at the football club’s home stadium in Turin. The ceremony took place on 22 April and was attended by Wang Feng, chairman of Linglong Tire, and Giorgio Ricci, Juventus’ co-chief revenue officer and head of global partnership and corporate revenues. Antonio Cabrini, former Juventus player and captain, was also in attendance.