Last week, Linglong Tire held the opening of their fifth manufacturing base in Changchun, Jilin Province with dignitaries from Changchun, Jilin, China FAW Group Corporation, China Rubber Industry Association, and Linglong’s partners attending.
Linglong Mark Opening of New Facility
Currently, the company has four Chinese manufacturing bases in Zhaoyuan, Dezhou, Liuzhou, Jingmen, and two manufacturing bases in Thailand and Serbia (under construction). In 2020, the company's growth strategy has been upgraded from the previous "5+3" into a "6+6" — six plants in China and six internationally. Jilin Linglong has become the fifth Chinese manufacturing base.
The new plant is going to be built in a Changchung automotive economic zone with a total investment of $700 million (4.89 billion yuan) and will have an annual capacity of 12 million passenger and 2 million truck/bus tyres and 200,000 truck/bus retreads after it realises full completion.
It is hoped that it will generate sales revenue of $634 million (4.44 billion yuan) annually once the site reaches full operation.
Since the beginning of 2020, the tyre industry has been under tremendous pressure from a sharp drop in demand and production as a result of the global economic downturn due to the outbreak of COVID-19. Despite of the complex and severe situation, Linglong Tire has put the wheels in motion to start construction, which should thus boost confidence in not only the local market but internationally as well.
Jilin Linglong will be built into a digital, intelligent, and global industrial Internet platform through the combination of cloud technology, big data, artificial intelligence, block chain, 5G and other advanced technology.