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On June 9, Linglong Tire announced that the company plans to build China's sixth production base in Tongchuan City, Shaanxi Province, and launch a tire production project.
The total investment budget is 6.
066 billion yuan
.
Specifically, Linglong Tire plans to invest in a project with an annual output of 15.
2 million sets of high-performance radial tires and 500,000 sets of retreaded tires in Tongchuan
.
The company will establish Shaanxi Linglong Tire Co.
It is understood that the project plans to go through the preliminary formalities in the second half of 2021.
The construction of the plant will be completed in April 2022 and will be completed in March 2028.
The total construction period is 6 years.
It is planned to be constructed in three phases
.
After the project is completed and put into production, it is estimated that the annual sales revenue will be 6.
Linglong Tire stated that the construction of the Tongchuan base project is based on intelligent production line standards to comply with the intelligent development trend of the tire industry and optimize the company's manufacturing production location.
