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After careful consideration, Linglong ‘refutes’ allegations as ‘fake news’

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Following several reports in the German press relating to earlier allegations of worker mistreatment during the construction of Linglong’s Zrenjanin, Serbia tyre factory, which has led to truckmaker MAN’s suspension of tyre deliveries from Linglong, Linglong International Europe d.o.o. representatives have responded with an official statement rebutting the allegations. The statement begins by highlighting that Linglong Europe is paying “great attention to all the allegations reflected in the press” before characterizing them as “old news” and even “fake news”: “we would like to emphasize that all allegations are old news and all the facts are twisted and crafted to make fake news to damage our reputation.”

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Related news:

  1. MAN ends OE tyre supply cooperation with Linglong; VW reviewing facts
  2. We take allegations very seriously – MAN on Linglong OE supply stop
  3. Linglong Tire passes MAN supplier audit
  4. Linglong’s Serbia tyre factory certified by well-known OEMs
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We take allegations very seriously – MAN on Linglong OE supply stop

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MAN Truck & Bus has confirmed to Tyrepress.com that it stopped all delivery call-offs to Linglong Tire at the end of November, emphasising that “we take the allegations that human rights violations have occurred in this context very seriously.” Linglong first announced its original equipment tyre supply to MAN more than two years ago.

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Related news:

  1. Linglong Tire passes MAN supplier audit
  2. MAN trucks OE equipped with Linglong tyres
  3. Linglong Tire confirms Serbia factory plans
  4. Linglong Tire to officially start Serbia plant project
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MAN ends OE tyre supply cooperation with Linglong; VW reviewing facts

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Around a year and a half ago, Germany’s Deutschlandfunk radio reported on the alleged disregard for environmental social rights by Chinese tyre manufacturer Shandong Linglong in connection with the construction of its new production plant in Serbia, which was commissioned in mid-2022 and opened in early 2023. A few weeks ago, the Tagesspiegel made similar accusations against the company, and now Managermagazin has turned its attention to this topic and the accusations made against the supplier in connection with the construction of its new plant, which range from human rights violations to human trafficking.

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Related news:

  1. Linglong’s Serbia tyre factory certified by well-known OEMs
  2. First look: Linglong Tire’s Serbia tyre factory
  3. Linglong Serbia factory close to car tyre production
  4. Triangle Tyre appoints new European team
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Toyo Tire moving east – job cuts in Western, Southern Europe

At a Board of Directors meeting held today, Toyo Tire Corporation approved plans to discontinue the business operations of its European sales subsidiaries, transferring these to a newly established company. From January 2025, Toyo Tyre (UK) Ltd. and three other sales subsidiaries will “successively cease their business activities.”

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Related news:

  1. Toyo Tires setting up European R&D centre
  2. Toyo Tire prepares for Serbia plant start with structural change
  3. Toyo Tires restructures European operation ahead of plant opening
  4. Toyo Tires – Serbia plant key to supporting business strategies
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Linglong Serbia enters profit in Q3

In response to investors’ questions, Linglong reports its Serbian plant was profitable in the third quarter of 2024 “with a high overall production and sales rate and gradually improving profitability”. In the third quarter, the tyre manufacturer held a grand celebration ceremony to indicate that its Serbian plant had achieved mass production.

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Related news:

  1. Serbia factory helps Linglong increase net profit
  2. Serbia open for business
  3. Linglong holds business investment talks with EBRD
  4. Linglong Tire begins Serbia factory project
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Hubtrac offering Serbia-made tyres to the US market

In 2025, Hubtrac plans to enter the U.S. market through both online and offline channels, offering 24/7 tyre replacement and maintenance services. Following the completion of its Serbia production base, the Hubtrac brand has announced that tyres made by its German and US design teams are being specifically tailored for the U.S. market.

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Related news:

  1. Hubtrac Europe raises third-quarter 2024 sales forecast
  2. Linglong’s Serbia factory produces first tyre
  3. USA to decide on Thailand tyre duties in March
  4. Hubtrac’s European production base gets $645 million more investment
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Linglong increases profit in first three quarters

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Linglong reports net profit attributable to shareholders in the first three quarters was between 1.65 billion yuan (about £179 million; €215 million) and 1.75 billion yuan (about £190 million; €228 million). At the same time, the tyre manufacturer said it actively upgraded its products in 2024 and continued to make structural adjustments in the domestic and foreign retail and OE markets. In addition, the company’s second overseas base (its Serbia factory) has gradually released production capacity to support production and sales growth in overseas markets.

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Related news:

  1. Linglong EV OE reaches more than 6 million in 2022
  2. Thailand factory supports most of Linglong’s profits in 2023
  3. Linglong holds business investment talks with EBRD
  4. First look: Linglong Tire’s Serbia tyre factory
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Linglong flips the switch for mass production at its Serbian plant

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Shandong Linglong’s “Project Europe” is clearly picking up speed. The manufacturer has now flipped the switch for mass production at its tyre plant in Serbia – the first ever by a Chinese manufacturer in Europe – which was inaugurated in 2022. Without delay, Linglong is also tackling the second expansion phase of its so-called Smart Factory, thereby pushing the investment volume to 1.6 billion dollars. To honour this moment, the manufacturer hosted a number of customers and suppliers at a ‘Global Partner Conference’ in Zrenjanin, Serbia, in mid-September, but also used it to place ‘Project Europe’ in a broader context.

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Related news:

  1. Serbia to become PCLT tyre production hub
  2. Linglong’s Serbia factory faces local environmental opposition
  3. Linglong’s Serbia factory produces first tyre
  4. Linglong Tire’s R&D, European factory plans – Wang Feng gives details
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Korea and Serbia negotiating trade partnership

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Korea’s Minister for Trade, Inkyo Cheon,g and Serbia’s Minister of Domestic and Foreign Trade, Tomislav Momirović, have jointly launched negotiations for a Korea-Serbia Economic Partnership Agreement (EPA) in Seoul, announcing Korea’s first trade negotiations with a Balkan country. In conjunction with the launch of negotiations, MOTIE also held a business conference with Korean companies operating in the Serbian market.

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Related news:

  1. UK now biggest EU market for Korean car brands – SMMT
  2. Acquisition ugliness: Kumho Tire execs threaten mass resignation
  3. Covid-19: Hankook pauses plant production
  4. Linglong’s Serbia tyre factory certified by well-known OEMs
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Hubtrac’s European production base gets $645 million more investment

Total investment in the Hubtrac brand’s European production base in Serbia will now total over 1.5 billion euros after company representatives confirmed that it will receive an additional $645 million of investment. The additional funds will be used to launch the second phase of the factory’s expansion project. Once completed, the facility will have an annual production capacity of 1.1 million high-performance radial tyres, including 800,000 commercial vehicle tyres, 50,000 engineering radial tyres, 150,000 agricultural radial tyres, and 100,000 retreaded tyres.

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Related news:

  1. Hubtrac team raises Q4 income expectations
  2. Linglong’s Serbia factory produces first tyre
  3. Linglong, Hubtrac and what makes a European tyre
  4. Hubtrac Europe raises third-quarter 2024 sales forecast
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Global dealers visit Linglong Tire’s European plant

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In early August, Linglong Tire hosted a visit to its new factory in Zrenjanin, Serbia, for approximately 130 dealers from the Middle East, Africa, and the Asia-Pacific regions. During the visit, Linglong Tire signed long-term cooperation agreements with 16 strategic partners, establishing a framework for closer future collaboration.

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Related news:

  1. Linglong Tire confirms Serbia factory plans
  2. Linglong holds business investment talks with EBRD
  3. Linglong Tire begins Serbia factory project
  4. Linglong Serbia plant talks continue
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Toyo Tires – Serbia plant key to supporting business strategies

In the two years since opening its new plant in Serbia, Toyo Tire Corporation has come to view the facility as “extremely cost-competitive.” The tyre maker completed the installation of production equipment at the site in December 2023, and although the company states in its Integrated Report 2024 that “many obstacles” remain before the plant can “start a vertical take-off toward full-scale operation,” it anticipates that full production systems will be “up and running” before the end of the current business year.

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Related news:

  1. Toyo Tires setting up European R&D centre
  2. Toyo Tires adjusting management team to facilitate Europe tyre plant project
  3. Toyo Tires tweaks R&D HQ’s organisational structure
  4. Toyo breaks ground on Serbia tyre factory
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Linglong expanding Serbia tyre factory

Linglong is investing $645 million (about £506 million; 591 million) in order to expand the company’s Serbian tyre capacity, build a photovoltaic power station and even add a retreading and recycling wing. According to our Chinese-language sister site, the expansion project is scheduled to start in January 2025 and be completed and put into use at the end of December 2030.

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Related news:

  1. Serbia open for business
  2. Michelin closing Ballymena factory, investing in Dundee and Stoke-on-Trent
  3. Linglong Serbia plant talks continue
  4. Linglong investing almost $1 billion in new circular economy-focused China tyre factory
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Serbia factory helps Linglong increase net profit

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Linglong expects that in the first half of 2024, after deducting non-recurring gains and losses, the net profit attributable to shareholders of the listed company will be 840 million to 990 million yuan. This figure has significantly increased compared with 499 million yuan in 2023.

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Related news:

  1. Following the inauguration of its Serbia plant, Linglong switching truck tyre production to Europe
  2. Serbia open for business
  3. Linglong holds business investment talks with EBRD
  4. Doublestar suffers huge losses
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Hubtrac Europe raises third-quarter 2024 sales forecast

Hubtrac Tires Europe’s sales division has raised its sales forecast for the third quarter of 2024. According to the company, executives of which Tyres & Accessories met with during the recent Tire Cologne exhibition, the revision is primarily driven by “the strategic geographical advantage of its top-tier production plant in Serbia and the recent sharp increase in shipping prices from China and Southeast Asia to Europe”.

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Related news:

  1. Hubtrac truck tyre brand positioning itself at the heart of Europe
  2. Linglong launches Hubtrac brand tyres in European market
  3. Hubtrac team raises Q4 income expectations
  4. Linglong, Hubtrac and what makes a European tyre
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