Linglong announces plan for seventh China plant
Yantai, China – Linglong Tire is to build a new manufacturing plant with the capacity to produce 14.6 million units of tire per year in Hefei, Anhuiprovince in central China. The EUR686 million (5.2 billion yuan) project spanning 800,000 sqm is slated to break ground by the end of 2021 and is set to reach full capacity by 2027, said an announcement by Linglong on 27 August. The company has set forth a ‘7+5’ business strategy, aiming to complete seven plants in China and five globally by 2030.
The new site will be Linglong’s seventhth China plant following existing and planned ones in Zhaoyuan, Dezhou, Liuzhou, Jingmen, Changchun and Tongchuan. The factory will be able to produce 12 million units of passenger car tires and 2.6 million units of truck and bus tires each year, said the announcement. The passenger car tires will include 4 million units of ‘self-healing’ tires, 4 million units of ‘new-energy vehicle’ tires and 4 million units of ultra-high performance radial tires.
TBR tires will include 1 million units of ‘self-healing’ tires, 1 million units of smart tires and 600,000 units of high performance radial tires. Linglong plans to build the factory in three phases. Phase one will have a capacity to produce 6 million units of passenger car tires annually and is set for completion by the end of 2023.
Phase two will add another 6 million units of passenger car tires and 1 million units of truck and bus tires per year and will start operation by the end of 2025.
Phase three will complete the plant’s capacity with an additional 1.6 million units of truck and bus tires per year and will come on stream by the end of 2027.
The project is expected to generate EUR83 million annual net profit on EUR662 million sales when in full operation, said the announcement.
- Pumteck&1 Electric Air Pump, Rechargeable Portable Wireless Air Pump with...
SALE PRICE: £15.99YOU SAVE: £3.00 About this item 【Rechargeable and portable】 air pump uses a powerful 4000mAh lithium battery to achieve […]
- Hape Deluxe White Grand Piano | Thirty-Key Piano Toy with Stool, Electronic...
RRP PRICE: £159.99SALE PRICE: £109.99YOU SAVE: £50.00 THIRTY-KEY ELECTRONIC PIANO : Tickle those ivories with a mini Deluxe Grand Piano This is a […]
- LUKAT Musical Toy for 2 3 4 Years Old Boys & Girls, Karaoke Microphone Music...
SALE PRICE: £19.98YOU SAVE: £2.00 【Perfect Gift for Kids】This multifunctional musical toys is made of non-toxic ABS and with polished smooth […]
- Let’s Arezooo 4 PCS Rocket Toy Launcher for Kids – Stomp Foam...
SALE PRICE: £14.99 【Safe & Durable】The whole rocket is made of high-quality EVA foam cotton, which is safe, non-toxic and environmentally […]