Linglong Tire Held Business Investment Talk with EBRD
On October 16, the business investment conference between Linglong Tire and European Bank for Reconstruction and Development (hereinafter referred to as EBRD) was held in London. Mr. Jurgen Rigterink, first vice president of EBRD, Ms. Betsy Nelson, vice president and chief risk officer of EBRD, and Mr. Jean-Marc Peterschmitt, managing director of industry, commerce and agribusiness of EBRD attended this meeting and discussed the cooperation on the construction of Linglong Tire’s Serbian plant with Mr. Wang Feng, chairman of Linglong Tire.
EBRD is an international financial institution founded in 1991. As a multilateral developmental investment bank, the EBRD uses investment as a tool to build market economies. The excellent performance of Linglong in cultural exchange, social responsibility, environmental protection, safety production, and the successful construction of overseas manufacturing base made EBRD attach great importance to this meeting.
The plant in Serbia will be Linglong’s second overseas manufacturing base, located in the Zrenjanin Free Trade Zone in Serbia. The project involves an investment of US$994.41 million, with expected annual capacity of HP radial tires reaching 13.62 million units and annual sale revenue of $600 million when completed. Besides, it will be of significance to Serbian residents’ employment and income.
During the two parties’ talk, Mr. Wang Feng introduced the construction plan, investment estimate, financial benefits, employee welfare and training investment of the Serbian project. The two sides discussed on the current risk management and how to manage the Serbian plant through the experience of Longing’s Thai factory. EBRD said that various aspects of Linglong Tire were in line with their investment requirements after previous research and evaluation and they looked forward to the cooperation between the two sides.
"We hope that EBRD will be involved in this project to work with us to promote economic development in Serbia and Zrenjanin and to improve the living standards of the local people." Wang Feng was also looking forward to future cooperation. (www.chinatrucks.com)
Views:0
- Linglong’s Seventh Domestic Plant to Break Ground in April 2023 2023-01-11
- Linglong's Brand Value Increased to Nearly 60 Billion 2021-07-08
- Linglong Listed on Top 10 Most ValuableTires in the World 2021-05-26
- Mayor of Zrenjanin in Serbia and Linglong Employees Jointly Do Tree Planting 2021-05-22
- Linglong Tire Ushered in New Progress in Uzbekistan Technical Service Project 2021-01-06
- Linglong Tire Ushered in New Progress in Uzbekistan Technical Service Project 2020-11-26
- Linglong Unveils "Bio-based Rubber" Tires 2020-10-21
- Linglong Tire Remains as Sleeve Sponsor of VfL Wolfsburg 2020-09-17
- Linglong’s Brand Value Surpassed 50 Billion RMB 2020-08-06
- Linglong Tire Held 2020 Mid-year Distributor Conference 2020-07-23
Submit Your Requirements, We Are Always At Your Service.
- Sale of the New MAN eTruck Starts
- Scania Adds Powertrain Production to Its Production Base in Rugao, China
- FOTON and Piaggio Group Extend Their Partnership to Electric Light CVs
- Notice of Office Closure During National Day Holiday
- SANY Attends Construction Indonesia 2023
- SANY's Vietnam Subsidiary Grandly Opened in Hanoi
- XCMG Leads the Way in Sustainable Manufacturing
- 2023 Global Energy Transition High-level Forum Opened in Beijing
- SINOTRUK Attends Mining Indonesia 2023
- BYD Ranks in Top 10 Kantar BrandZ Most Valuable Global Brands in Auto Category
- China Exported 507,000 Trucks from Jan.-Sept., Up 21% YoY
- China Exported 65,000 Trucks in July, Up 17% YoY
- Half Year Review of Commercial Vehicle Sales
- China Exported 63,000 Trucks in May, Up 33% YoY
- Top 10 Best-selling Battery-swapping Heavy Trucks in China in April
- China Exported 158,000 Trucks in Q1, Up 41% YoY
- China’s Truck Exports Grew by 43.8% YoY to 46600 Units in Feb., 2023
- China’s Heavy Truck Sales Rising 29% YOY to 77200 in Feb
- China Exports 567,000 Trucks in 2022, Hitting a New High in a Decade
- China’s Pickup Exports Jumped 65% YOY in 2022