Linglong Tire is investing ¥4.62bn (US$645m) to increase tire production capacity at its facility in Serbia.
The company says the project aims to increase the output of high-performance radial tires, including 800,000 tires for buses and trucks, 150,000 for farm vehicles, 50,000 for engineering vehicles and 100,000 refurbished tires. The facility is also forecast to produce 6,000 tons of liquid reclaimed rubber.
There are also plans to build a 24MW distributed solar power station at the plant to reduce its carbon emissions.
The first phase of the Serbian plant, which began trial production in the first half of 2023, has a planned output of 13.82 million tires of various types a year, Linglong says.
Preliminary work on the project is expected to be completed by the end of 2024, according to the company. Construction will begin in January 2025 and the project should become operational in December 2030.
