Tag: Serbia
Serbia to become PCLT tyre production hub
When Toyo recently announced its intention to build a new tyre plant in Serbia it consolidated the country’s position as the leading location for new passenger car and light truck (PCLT) tyre manufacturing capacity in Europe. Toyo’s proposal follows Linglong’s decision to build its new European plant in the country and Cooper Tire’s plan to double the size of its facility there. Based on analysis of all announced capacity actions by Astutus Research (plant opening and expansion net of closures and downsizing), the Czech Republic is a distant second in terms of planned capacity additions between 2018 and 2026.
Toyo Tires setting up European R&D centre
In just a few months’ time, Toyo Tire Corporation will begin research and development work at a new site in Europe. The tyre maker is setting up an R&D centre in Willich, Germany to support its future factory in Serbia, and intends to start operations there in the autumn. Having a local R&D presence in the vicinity of vehicle manufacturers and related companies will, says Toyo, be beneficial in terms of the quality and freshness of the information gained.
Toyo Tires adjusting management team to facilitate Europe tyre plant project
Yukio Hasegawa has been named the new president of Toyo Tire Corporation’s subsidiary in Russia, effective tomorrow. He succeeds Kenta Kuribayashi in this role. Kuribayashi remains chief executive officer of the Toyo Tire RUS LLC operation (and president of Toyo Tire Europe GmbH) and will additionally, as of tomorrow, become the Russian subsidiary’s chairman.
Toyo investing 390 million euros in Serbia tyre factory
Toyo Tire Corporation has announced that it is investing 390.5 million euros in the construction of a new tyre manufacturing facility in Indijia City, Republic of Serbia. Construction of the Serbia plant will start in May 2020, with a view to initiating tyre manufacturing operations in January 2022.
Digital transformation in the tyre sector
At the start of May, Zivojin Sekulic of GAJ d.o.o. gave a presentation on the digital transformation of the tyre industry at Guangrao Tyre Conference and Expo 2019. Shortly afterwards, he shared details of the presentation with Tyres & Accessories, which shows how digital data is affecting all parts of the distribution chain.
Football: Linglong Tire sponsoring Serbian SuperLiga
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.
Linglong Tire begins Serbia factory project
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.
Linglong Tire to officially start Serbia plant project
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.
Linglong holds business investment talks with EBRD
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.
New factory: Linglong Tire signs investment agreement with Serbia
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.
Linglong to supply VW, Renault from Serbia plant
Shandong Linglong will ship original equipment tyres to Volkswagen and Renault from its planned factory in Serbia. This is the news shared by Serbia’s president, Aleksandar Vučić on his website today. Vučić writes that Wang Feng shared news that the factory would supply the two vehicle manufacturers once production begins in 2020.
Linglong Tire confirms Serbia factory plans
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.
Linglong Tire greenlights Serbia factory project
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.
Linglong Serbia plant talks continue
On 23 June Serbian president Aleksandar Vučić’s inauguration ceremony was held in Belgrade. Wang Feng, chairman and president of Linglong Tire, was invited to attend the inauguration ceremony in a move that suggests communications relating to Linglong’s proposed investment in a European tyre manufacturing plant are still open.
Trelleborg investing in Serbian tyre plant
In its year-end 2016 report, Sweden’s Trelleborg AB states that its Board of Directors has “decided to make a major investment” in Trelleborg Wheel Systems’ tyre operation in Serbia in order to improve the facility’s footprint and increase production capacity to accommodate additional future sales.