According to the notice released Friday night on March 27, LINGLONG TIRE (601966) will invest RMB4.894 billion on its fifth domestic production base for semi-steel radial tires, all-steel radial tires and retreaded tires in the Changchun Auto Industry Development Zone. Upon completion, it will produce 12 million semi-steel radial tires, 2 million all-steel radial tires and 200,000 all-steel retreaded tires a year.  

The project will be started in 2020 and completed in 2025, with a total construction period of five years in three phases. The first phase is said to have a capacity of 1.2 million all-steel radial tires; the second phase, 400,000 all-steel radial tires and 6 million semi-steel radial tires; and the third phase, 400,000 all-steel radial tires, 6 million semi-steel radial tires and 200,000 retreaded tires. 

As a core for the automobile industry of Changchun City and Jilin Province, Changchun Auto Industry Development Zone is home to such wholly-owned or holding automobile manufacturing enterprises as FAW Group, FAW Jiefang, FAW Volkswagen, FAW Fengyue and FAW Hongqi. It has formed a “medium, heavy and sedan” pattern of three series and multiple models of products, with an annual productivity of 1.2 million cars and 200,000 trucks. Before the settlement of such production base, LINGLONG TIRE has provided supportive products for five brands of FAW including Hongqi, Jiefang, Volkswagen, Besturn and Audi. 

LINGLONG TIRE has six R&D institutions and six production bases (the one in Europe is under construction). Its products have been sold to more than 180 countries and regions around the world, supporting more than 100 manufacturing bases of many famous carmakers at home and abroad. It ranks in the first three places in China and the first 20 around the world.