Skip to main content
Sister Publication Links
  • Rubber News
  • European Rubber Journal
Subscribe
  • Login
  • Register
  • Subscribe
  • Current Issue
  • BEST PLACES TO WORK
  • News
    • HUMANITARIAN
    • TIRE MAKERS
    • COMMERCIAL TIRE
    • GOVERNMENT & LAW
    • MERGERS & ACQUISITIONS
    • OBITUARIES
    • OPINION
    • MID YEAR REPORT
    • SERVICE ZONE
  • ADAS
  • Data
    • DATA STORE
  • Custom
    • SPONSORED CONTENT
  • Resources
    • Events
    • DIRECTORY
    • CLASSIFIEDS
    • SHOP FLOOR
    • AWARDS
    • ASK THE EXPERT
    • LIVESTREAMS
    • WEBINARS
    • SEMA LIVESTREAMS
    • RUBBER NEWS EVENTS
    • BALANCING
    • DEMOUNTING
    • SAFETY
    • TIRE REPAIR
    • TPMS
    • TRAINING
    • VEHICLE LIFTING
    • WHEEL TORQUE
    • Best Places to Work
  • ADVERTISE
  • DIGITAL EDITION
MENU
Breadcrumb
  1. Home
  2. Expansion
April 01, 2020 12:23 PM

Linglong to build 5th China plant; eyes Top 5 ranking by 2030

Jan Ho, China correspondent
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    CHANGCHUN, China — Linglong Group is planning to build a fifth tire plant in China over the coming five years as part of a revised strategy to build itself into a Top 5 global tire maker, the Changchun-based company disclosed recently.

    The new plant, to be built in a Changchung automotive economic zone, represents an investment of $700 million (4.9 billion yuan) and would be rated at 12 million passenger and 2 million truck/bus tires and 200,000 truck/bus retreads, the company said.

    Linglong plans to break ground this year on the 600,000-sqm plant and open it in phases through 2025.

    Linglong also is in the midst of completing/ramping up its fourth factory in China—a car and light truck tire plant in Jingmen, Hubei Province. At the same time, it is building its second overseas plant, in Zrenjanin, Serbia, that's due on stream in 2025.

    Those two project represent investments of $1.2 billion or more.

    At the same time, Linglong disclosed its 2020-30 strategic plan, which forecasts sales growth to 160 million units, or $11.5 billion, which the company said would rank it among the industry's five largest manufacturers.

    Linglong is considered the world's No. 17 tire maker currently, based on fiscal 2018 sales of $2.32 billion, according to Tire Business' annual Global Top 75 ranking.

    Linglong said its sales by 2025 would be split 50/50 domestic/international.

    The company's growth strategy has morphed into a "6+6" — six plants in China and six internationally by 2030 — from the "5+3" constellation it had espoused earlier.

    The company's new plant will be built in the Changchun Automobile Economic & Technological Development Zone, which also houses a range of auto makers such as FAW-Volkswagen and FAW Jiefang.

    The plant is scheduled to come on stream in phases:

    • Phase One: 1.2 million truck and bus tires
    • Phase Two: 400,000 truck and bus tires and 6 million passenger car tires
    • Phase Three: 400,000 truck and bus tires, 6 million passenger car tires and 200,000 retread truck and bus tires

    Linglong said it expects the plant to generate €46 million annual net profit on €569 million revenue when in full operation.

    Letter
    to the
    Editor

    Do you have an opinion about this story? Do you have some thoughts you'd like to share with our readers? Tire Business would love to hear from you. Email your letter to Editor Don Detore at [email protected].

    Most Popular
    1
    Icahn-owned Auto Plus files for Chapter 11 protection
    2
    Truck sector leads U.S. tire market; consumer down
    3
    Goodyear to trim jobs amid 'uncertain' economic outlook
    4
    SEMA urges USTR to end section 301 tariffs on Chinese goods
    5
    Gills Point S acquires Hogan Tires of Maine
    SIGN UP FOR NEWSLETTERS
    EMAIL ADDRESS

    Please enter a valid email address.

    Please enter your email address.

    Please verify captcha.

    Please select at least one newsletter to subscribe.

    Newsletter Center

    Staying current is easy with Tire Business delivered straight to your inbox.

    SUBSCRIBE TODAY

    Subscribe to Tire Business

    SUBSCRIBE
    Connect with Us
    • Facebook
    • LinkedIn
    • Twitter
    • Instagram
    • RSS

    Our Mission

    Tire Business is an award-winning publication dedicated to providing the latest news, data and insights into the tire and automotive service industries.

    Reader Services
    • Staff
    • About Us
    • Site Map
    • Industry Sites
    • Order Reprints
    • Customer Service: 877-320-1716
    Partner Sites
    • Rubber News
    • European Rubber Journal
    • Automotive News
    • Plastics News
    • Urethanes Technology
    RESOURCES
    • Advertise
    • Privacy Policy
    • Privacy Request
    • Terms of Service
    • Media Guide
    • Editorial Calendar
    • Classified Rates
    • Digital Edition
    • Careers
    • Ad Choices Ad Choices
    Copyright © 1996-2023. Crain Communications, Inc. All Rights Reserved.
    • BEST PLACES TO WORK
    • News
      • HUMANITARIAN
      • TIRE MAKERS
      • COMMERCIAL TIRE
      • GOVERNMENT & LAW
      • MERGERS & ACQUISITIONS
      • OBITUARIES
      • OPINION
      • MID YEAR REPORT
      • SERVICE ZONE
    • ADAS
    • Data
      • DATA STORE
    • Custom
      • SPONSORED CONTENT
    • Resources
      • Events
        • ASK THE EXPERT
        • LIVESTREAMS
        • WEBINARS
        • SEMA LIVESTREAMS
        • RUBBER NEWS EVENTS
      • DIRECTORY
      • CLASSIFIEDS
      • SHOP FLOOR
        • BALANCING
        • DEMOUNTING
        • SAFETY
        • TIRE REPAIR
        • TPMS
        • TRAINING
        • VEHICLE LIFTING
        • WHEEL TORQUE
      • AWARDS
        • Best Places to Work
    • ADVERTISE
    • DIGITAL EDITION