Shandong Linglong Tire

Shandong Linglong Tire plans to invest CNY4.9 billion ($691 million) in a new tire factory in Changchun, Jilin province, China. The plant will produce 12 million semi-steel radial tires, 2 million all-steel radial tires, and 200,000 all-steel re-tread tires annually by 2025.

Shandong Linglong Tire broke ground on a new tire factory in Zrenjanin, Serbia, with an investment of EUR 800 million ($900 million). The plant will produce 13 million tires per year and employ 1,200 people, with production expected to launch in 2021.

Shandong Linglong Tire signed an investment memorandum with Serbian officials to build a tire factory in the Zrenjanin Free Trade Zone. The plant will have a capacity of 13.62 million tires per year and represents an investment of US$994.41 million.