Located in the Zrenjanin Free Trade Zone, the second new Linglong‘s plant is expected to have an annual capacity of 13.62 million high performance radial tyres.
Linglong’s Second Overseas Manufacturing Base Determined
Shandong Linglong Tire Co, Ltd is building its second overseas plant in Serbia with an investment of USD994.41 million. This decision was made after extensive research and careful comparison to enhance the company’s international competitiveness, promote its 5+3 strategic layout, effectively expand overseas markets and avoid trade barriers.
The company signed an investment memorandum with Goran Knežević, Serbian Minister of Economy, on 23rd August, 2018. Vučić, Prime Minister of Serbia, and Li Manchang, Chinese Ambassador in Serbia, attended the signing ceremony.
Located in the Zrenjanin Free Trade Zone, the new plant is expected to have an annual capacity of 13.62 million high performance radial tyres.
Serbia is the first country in Central and Eastern Europe to establish a strategic partnership with China, which has an ‘outstanding’ advantage in the investment environment. The project in Serbia is expected to help Linglong expand its European market.
With various global and noted OEMs and retail distributors near Serbia, Linglong sees the Serbian manufacturing base as effectively reducing transportation costs. With the development of Linglong’s OE business with Volkswagen, the time in supplying products to Volkswagen’s European plant would be greatly shortened when the Serbian project is completed.
The Serbian plant would focus on intelligent manufacturing and make full use of artificial intelligence, mobile sensors, industrial big data and industrial robot to realise the product life-cycle management and flexible automatic production. Linglong says the new tyre plant would integrate fine management, superior quality, green manufacturing and high end branding. It is said to be a green tyre plant that demonstrates full-field intelligence and complete automatic processing.
经过前期紧锣密鼓的洽谈后，玲珑王锋董事长与塞尔维亚财政部部长 马里（Sinisa Mali） 于9月17日签署投资框架协议，塞尔维亚总统武契奇先生及其他几位部长、玲珑轮胎相关领导见证签约。