Linglong Tyre Plans to Build Tire Production Project in Jingmen
Year:2018 ISSUE:1
COLUMN:ECONOMY AND BUSINESS
Click:334    DateTime:Jan.09,2018
Linglong Tyre Plans to Build Tire Production Project in Jingmen

On December 18, 2017, Linlong Tyre announced that its controlling shareholder, Linglong Group Co., Ltd. and the government of Jingmen municipality, Hubei Province signed Strategic Cooperation Agreement on tire production and its related businesses on December 16, 2017.
The announcement noted that the company intends to fund a radial tire project in Jingmen chemical recycling industrial park. This project includes a semi steel production line and an all steel production line, and it is expected to cost totally RMB4 billion, of which civil engineering is about RMB800 million and equipment is RMB3.2 billion. It is planned to add 12 million sets of semi-steel radial tires and 2.4 million sets of all steel radial tires (including supporting inner tube flaps).