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.”
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.
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”.
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.
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.
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”.
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.
Linglong Tire is partnering with Geely Automobile Research Institute in the establishment of a joint R&D centre called the Geely Engineering Center & Linglong Technology Center TIH Laboratory.
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.
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.
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.
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.
On 17 March, Linglong Tire announced that it hired Yu Hang as its vice president. The tyre manufacturer stated that the appointment of Yu Hang is to enhance Linglong’s brand value and competitiveness, optimise and improve its “product + service + value” system, build a world-class brand influence, and enhance Linglong’s international competitiveness.
Alongside an exclusive tour of Linglong Tire’s new European production base in Serbia, Tyres & Accessories sat down with chairman Wang Feng in a conversation that covered topics including the company’s plans for its latest factory in Serbia, the location of its next manufacturing investment and the fast-growing tyre manufacturer’s strategic goals.
Linglong Tire will build its next tyre factory in the Americas region. Tyres & Accessories learnt the news during a recent interview with Linglong Tire chairman Wang Feng, which took place alongside an exclusive tour of the company’s new European tyre production facility in Serbia.
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