Hubei, China---On July 6, 2018, on the occasion of the second anniversary of Linglong Tire listing, the foundation stone laying ceremony of Hubei Linglong Tire, the fourth domestic manufacturing base of Linglong in China, as well as 2018 Linglong Tire global partners conference was successfully held in Jingmen, Hubei Province in China. Nearly 1,000 Linglong’s global partners gathered in Jingmen to witness this great moment of Linglong Tire and took this opportunity to seek further deepening strategic cooperation with Linglong. The related leaders from Chinese petrochemical industry and rubber industry as well as media friends also attended the ceremony to express their best wishes to Linglong Tire.
At the beginning of Chinese 12th five-year plan (from 2011 to 2015), Linglong put forward “3+3” global industrial layout strategy. Within five years, the company has built three domestic manufacturing bases in Zhaoyuan, Dezhou and Liuzhou and its first overseas manufacturing base in Thailand, which could improve Linglong’s global competitiveness comprehensively. In 2017, taking the actual situations into consideration, Linglong adjusted its “3+3” strategy into “5+3”, and intended to build the fourth manufacturing base in Jingmen, which could lay a solid foundation for improving Linglong’s international market competitiveness to a great degree.
Hubei Linglong Tire will cover an area of over 900,000 square meters with planned floor area more than 700,000 square meters. The main products of this manufacturing base will include TBR tire, PCR tire, and OTR etc., with the aim of annual capacity of PCR reaching 12 million units, annual capacity of TBR reaching 2.4 million units, and the annual capacity of OTR reaching 60,000 units. The sales revenue of Hubei Linglong is estimated to reach RMB five billion when this base is built. It is worth pointing out that this manufacturing base will integrate intelligent manufacturing, PLM (product lifecycle management), industrial big data application, high-end brand. This presents another important measure for company to break through regional restriction, focusing on resource integrity, fostering core competitiveness, and it is of great significance for the company to serve customers at zero distance, improve market share and reduce logistics cost.
Linglong Tire will continue take interdisciplinary talent as foundation, innovation as core, premium brand as assistant, high quality sale as kinetic energy, continue to promote the 5 + 3 global industry layout to achieve the strategic goal of developing into a world-class tire enterprise as soon as possible.