Linglong to build $1bn tire plant in Serbia

Shanghai, China – Shandong Linglong Tire Co is planning to build a $994.4 million (€863 million or RMB 662,482,000) tire production plant in the Zrenjanin Free Trade Zone in Serbia.

In a 20-Aug filing with the Shanghai Stock Exchange, Linglong announced that construction work on the company’s first European production site will officially start next April.

The 6-year project will be completed in three phases, and at full capacity can produce 13.62 million high-performance radial tires per year. These will include 12 million units passenger car tires, 1.6 million…

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