Page 42 - The Tyreman 2020 - 2
P. 42
international news
L manufacturing base in Changchun, Jilin Province on 15th April.
The event was well attended by the dignitaries from Changchun, Jilin, China FAW Group Corporation, China Rubber Industry Association, and Linglong’s partners as well as media.
To promote the high quality development of its global layout, Linglong set a ‘5+3’ strategy to achieve sustained, stable and healthy development. Currently, the company has four Chinese manufacturing bases in Zhaoyu- an, 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 base of Linglong, will open a new chapter for the company's ‘6+6’ global strategy.
The new plant is to be built in Changchung’s automotive economic zone with a total investment of $700 million (4.89 billion yuan) and an annual capacity of 12 million passenger and 2 million truck/bus tyres and 200,000 truck/bus retreads after it reaches full completion. Its generate sales rev- enue will reach $634 million (4.44 billion yuan) annually in full operation. The start of this project is an important engine to optimise the company’s industrial structure layout and promote development with high quality,
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 and the outbreak of Covid-19. Despite the com-
42 the tyreman 2020/2
