Linglong Group Co., Ltd. and Jingmen Government, Hubei Province signed a Strategic Cooperation Agreement on December 16, 2017, indicating that Shandong Linglong Tire Co., Ltd. would build a new radial tire project in Jingmen Chemical Recycling Industrial Park. This project is estimated to invest 4 Billion Yuan in increasing the production capacity by 12 million units of semi-steel radial tires and 2.4 million units of all-steel radial tires per year, among which the equipment investment is about 3.2 Billion Yuan and investment in civil engineering is about 0.8 Billion Yuan.
The project is expected to be completed in 36 months. After that, it will help Linglong Tire not only further expand its market shares, but also effectively reduce logistics cost, speed up delivery and boost its development in automobile supporting market in central China.
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