Serial production of car tires officially begins at Linglong
Source: Beta
Friday, 13.09.2024.
12:18
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Illustration (Photo: Bill Ragan/shutterstock.com)
In addition to subsidies of EUR 75.8 million the state also gave land worth EUR 7.6 million to Linglong.
The City of Zrenjanin invested RSD 448 million in the water supply and sewer infrastructure of the factory and another RSD 400 million in the demining of locations around Linglong, that is, a total of around EUR 7.2 million.
The factory, which spreads on an area of 370,000 square meters, started working last year. The net profit of Linglong in Serbia amounted to USD 195.1 million last year, and their operating income was USD 2.8 billion.
Linglong sells tires in over 180 countries, and it has five factories in China and another one in Thailand, and in 2023, it produced 79 million tires. Linglong also has research centers in North America, China and one in Germany, and one such center is being planned in Serbia as well.
Companies:
Vlada Republike Srbije
Vlada AP Vojvodina
Ministarstvo privrede Republike Srbije
Ministarstvo zaštite životne sredine Republike Srbije
Grad Zrenjanin
Predsedništvo Republike Srbije
Linglong International Europe d.o.o. Zrenjanin
Ambasada NR Kine Beograd
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