Shandong Linglong Tire Co. Ltd. plans to build a fourth factory in China, an $875 million project in Hubei Province, and continues to research locations in Europe and North America for possible expansion.
Yantai-based Linglong plans to break ground in May on the factory—with a capacity of nearly 14.5 million car, truck and industrial tires annually—at a 247-acre site in Jingmen, a city of nearly 3 million residents in central Hubei Province. Construction is expected to take three years.
The plant is designed with annual capacity for 12 million passenger, 2.4 million truck and bus, and 60,000 engineering tires, Linglong said. The plant also will have an annual capacity of 1.5 million inner tubes and flaps as well as for plastic pads.
The company has three plants in China: in Liuzhoui, Guangxi Province, and Dezhou and Yantai, Shandong Province, as well as one in Rayong, Thailand, that it opened in 2014.
Besides the new site in Jingmen, the company also envisions building one more in China and two overseas, one each in Europe and the U.S.
Referenced article found here.