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Linglong gives Serbian factory progress update amidst third factory plans

Linglong reports that it is “conducting on-site inspection, analysis and comparison of the third overseas base”, according to a statement released to institutional investors. However, behind the headline-grabbing references to a new further overseas factory which may well be in “the Americas”, Tyrepress China noticed that the tyre manufacturer revealed multiple details about progress with the Serbian factory. Specifically, Linglong said: “Many customers are looking forward to supplies from Serbia and are pressing for them. The company will speed up the construction progress in Serbia”.

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Related news:

  1. Linglong Tire begins Serbia factory project
  2. Linglong Serbia tyre trial production underway in 1H 2022
  3. Linglong, Hubtrac and what makes a European tyre
  4. Linglong EV OE reaches more than 6 million in 2022
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7 tyre brands honoured at Asia Brand Summit 2023

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At the end of September, the list of Asia’s most influential brands of 2023 was published at the “Asia Brand Summit” in Hong Kong. A total of 500 brands from 20 countries and regions, were honoured at the 18th World Brand Lab summit themed “The Impact of New Technologies on Brand Transformation and Consumer Behavior.” Seven of them were tyre brands and all seven were ranked amongst the top 350 of the 500 honoured brands.

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Related news:

  1. Shifts in leading tyre manufacturer rankings, 2015-2019
  2. 2022 Asian Tyre Brand rankings revealed
  3. 19 finalists chosen for 2015 AutoBild winter tyre test
  4. Giti enters the top 10 of leading tyre manufacturers
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Linglong Serbia factory close to car tyre production

Recently, Linglong revealed the latest situation of its Serbian factory. It is reported that for the business needs of the Serbian company, Linglong recently added a credit guarantee of approximately 18 million euros to the subsidiary. As of 30 September 2023, the total assets of the Serbian factory were about 7.94 billion yuan (about £893 million; €1.026 billion).

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Related news:

  1. First look: Linglong Tire’s Serbia tyre factory
  2. Linglong Serbia plant talks continue
  3. Linglong’s Serbia factory produces first tyre
  4. Top 10 Chinese tyre industry events in 2022
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Wang Lin becomes vice chairman of Linglong Tire

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Linglong Tire

Wang Lin was recently elected as vice chairman of Linglong Tire. According to the Linglong’s announcement of the news, Wang Lin’s appointment is intented to “meet Linglong Tire’s future development needs, further improve the corporate governance structure, and improve the operating level and work efficiency of the company’s board of directors.” His responsibilities are to “assist the chairman in carrying out his work.”

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Related news:

  1. Ex-Triangle and Goodyear Tire executive Cohade joins Johnson Controls
  2. New high for Linglong’s brand awareness
  3. Safe-Run equipping Linglong’s Serbia tyre plant
  4. Linglong Hubei TBR tyre plant officially opens
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Linglong appoints Wolf Fuder as head of marketing Europe

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Linglong

Linglong became the first Chinese tyremaker to start producing tyres in Europe when it opened the doors to its Serbia facility in February. Since then, the company has continued to expand its European operations and most recently appointed Wolf Fuder as Head of Marketing Europe based within the Linglong Germany GmbH operation.

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Related news:

  1. Nexen Europe appoints Joo Ho Song as president
  2. Linglong appoints Yu Hang as vice president
  3. Cooper Tire Europe announces Sales and Marketing director
  4. Toyo names new European marketing manager
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New Linglong N.A. sales company, Geoff Doster appointed president

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Oohsnap; Pixabay

Linglong Tire has launched a new wholly-owned subsidiary, Linglong N.A. Sales, based in Palm Beach Gardens, Florida. Geoff Doster became president of the new company effective 7 August 2023.  The establishment of Linglong N.A. Sales follows the news that Linglong is considering investing in production facilities in “the Americas”.

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Related news:

  1. TBC Brands president Marty Krcelic retires
  2. Magna Tyres Group expands into North America
  3. TBC promotes Doster
  4. Next stop “Americas”: Linglong aiming for global production capacity top 5 by 2030
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New Linglong Tire sales company in North America

Linglong Tire has established a new wholly owned subsidiary in North America to expand its footprint in the region. As of this month, Geoff Doster, former president and chief operating officer of TBC Corporation’s TBC Brands and TBC International operations, heads the new Linglong N.A. Sales LLC business as its president. Linglong will announce further additions to the team in due course.

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Related news:

  1. Linglong confirms $300 million deal for Brazil, Paraguay
  2. Linglong Tire begins Serbia factory project
  3. Linglong Tire signs cooperation agreement with Geely
  4. Tyre recycling: Linglong signs agreement with Cleantire
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US anti-dumping review preliminary results favour Thailand factories

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Scott Graham; Unsplash

Recently, the United States Department of Commerce’s anti-dumping review investigation on PCR tyres produced in Thailand has a preliminary result. Tyrepress China notes that the new developments are positive for Thailand’s tyre factories.

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Related news:

  1. Linglong Thailand tyre factory up and running
  2. Triangle adopts “quality strategy” in Europe
  3. First truck tyres roll off Linglong Thailand production line
  4. Hankook invests in its Chinese Sealguard self-sealing tyre capacity, expanding US car tyre plant
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Nine tyre brands shortlisted in the top 500 Chinese brands

Recently, the World Brand Summit 2023 was held in Beijing. Tyrepress China learned that nine tyre manufacturing companies had been listed in “China’s 500 Most Valuable Brands”.

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Related news:

  1. The top 10 listed Chinese tyre companies 2022
  2. Sailun rising: China’s listed tyre companies ranked in 2022 Q3
  3. Chinese listed tyre companies release third-quarter results
  4. Pessimistic Chinese tyre industry: what does the future hold?
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Doublestar, Guizhou Tyre, Linglong, Triangle, and Aeolus publish results forecast

Doublestar, Guizhou Tyre, Linglong, Triangle, and Aeolus recently disclosed their semi-annual results forecasts. Doublestar was in the red in the first half of 2023. The other four tyre companies estimated that their performance would rise. Tyrepress China found that adjusting market and product structure became essential reasons for the net profit growth of several Chinese tyre companies. At the same time, the decline in raw material prices and shipping costs benefited tyre manufacturers in the first half of the year.

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Related news:

  1. The top 10 listed Chinese tyre companies 2022
  2. Chinese listed tyre companies release third-quarter results
  3. Sailun rising: China’s listed tyre companies ranked in 2022 Q3
  4. Serbia open for business
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Linglong commences strategic cooperation with SAIC Volkswagen

A new strategic cooperation between Linglong Tire and SAIC Volkswagen will facilitate the development of products and innovations. Wang Feng, chairman and president of Linglong Tire, signed the agreement on behalf of the tyre maker during a ceremony held at SAIC Volkswagen headquarters in Shanghai, China on 12 June.

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Related news:

  1. Linglong Tire signs cooperation agreement with Geely
  2. Industry-academic exchange: Linglong signs agreement with QUST
  3. Linglong Tire cooperating with Volvo Group’s Shandong Lingong
  4. Linglong achieves OE ‘breakthrough’ with Honda JV in China
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Lv Xiaoyan resumes role as Linglong CFO

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Fin

Two Linglong Tire vice presidents have changed roles within the company, reports our sister website Tyrepress China. Due to job changes, Chen Xuemei resigned as vice president, but continues to hold other positions in Linglong. Li Wei resigned as chief financial officer (CFO), but remains a vice president at the tyre maker and a director on the board. Lv Xiaoyan, vice president of Linglong, took over from Li Wei and concurrently serves as CFO.

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Related news:

  1. Linglong Tire renews VfL Wolfsburg partnership
  2. Linglong appoints ex-Pirelli, ex-Kumho exec to US role
  3. Cooper Tire CFO Ginger Jones to retire
  4. Dayco appoints Laura Kowalchik as chief financial officer
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Linglong EV OE reaches more than 6 million in 2022

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Linglong

In 2022, Linglong Tire’s revenue was 17 billion yuan (approximately £1.94 billion; €2.24 billion). Within that, Linglong achieved a revenue of 16.73 billion yuan (about £1.91 billion; €2.2 billion) specifically from tyres. Linglong balanced its domestic and overseas businesses but the revenue brought in by domestic trade was slightly higher. The company’s tyre sales in China reached 8.55 billion yuan, and its export and overseas sales reached 8.18 billion yuan.

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Related news:

  1. Top 10 Chinese tyre industry events in 2022
  2. Safe-Run equipping Linglong’s Serbia tyre plant
  3. Linglong Tire achieves all-time record share price
  4. Doublestar suffers huge losses
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First look: Linglong Tire’s Serbia tyre factory

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Linglong

The opening of its new tyre factory in Zrenjanin, Serbia, makes Linglong Tire the first Chinese tyre manufacturer to build a production base in Europe. Truck tyre production represents the first phase of the enormous overall 999-million-euro project that represents the largest single foreign investment in Serbia and will soon feature car tyre production followed by the manufacture of agricultural and OTR tyres. Ahead of its official opening, as well as an interview with Linglong Tire chairman, Wang Feng, Tyres & Accessories had an exclusive tour of the site including a close-up view of the truck tyre production line.

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Related news:

  1. Pyramids Tires: $350 million Egyptian factory begins manufacturing
  2. Linglong Tire achieves all-time record share price
  3. Alliance Bid for GPX Assets Accepted
  4. Linglong’s Serbia factory produces first tyre
/by

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