Shangdong Linglong to focus on growth In Thailand.
SHANDONG Linglong Tire Co, one of the top five tyre producers in China is in plans to expand its investment in the Thai rubber industry with its focus on a tyre-testing Centre & rubber-compound manufacturing.
The decision is seen as a follow up to the success of its subsidiary Linglong International Tire (Thailand). LLIT had a US$700-million (Bt24.5 billion) tyre factory set up in Rayong province in November 2012.
The company is committed to the investment expansion plan under a letter of intent signed on Friday on the sidelines of a “Rubber City” seminar held by the Thai Industry Ministry during a roadshow in Qingdao, Shandong province, to woo Chinese rubber investors.
According to Shangdong Linglong, the rubber compound unit will employ the “most advanced technology and process equipment” in order to produce “first-class quality products” that will enhance the operation’s competitiveness and capacity for sustainable development. Stages one and two of the company’s investment in Thailand, the passenger car tyre and truck/bus tyre factories in Rayong province, are respectively on track to produce 12 million and 1.2 million tyres per annum.