Linglong plans new subsidiaries, Thai site expansion


fig 74 CTR S6 Linglongs-factory-in-Thailand-600-crop-463x346

Yantai, China – Linglong Tire is to set up three fully-owned subsidiaries and a joint venture, according to its filings on 24 Feb.

Two of the three subsidiaries will be set up in Yantai, Shandong, where the company is headquartered. One will specialise in rubber and tire research with €29 million (200 million yuan) registered capital, and the other on scrap tire and rubber recycling with €2.9 million registered capital.

The third subsidiary, located in Beijing,…

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