Linglong Tire has launched the work on the first European factory of Chinese tyre industry, Linglong International Europe D.O.O. Zrenjanin (LLIE), in Serbia. A global pertner conference was also held in Serbia as part of the project launch ceremony.
Serbia is China’s first strategic partner in central and eastern Europe and has a favorable environment for development and investment.
LLIE is located in the free trade zone of Zrenjanin.
It is the second overseas project of Linglong Tire and also the largest foreign investment project in Serbia at present. The site area of the project is 130 hectares and the total construction area is 393,660 square meters.
After the completion of the project, the annual output of various high-performance radial tyres will reach 13.62 million units, with annual revenue of $ 600 million, Linglong says in a Press release.
The construction of LLIE is expected to further help Linglong to develop the European market and be another step for its goal of becoming the world’s 10th largest tyre manufacturer.