Chairman Wang Feng and Serbian Minister of Finance Mr. Sinisa Mali signed an investment framework agreement
The signing of the contract, only two months after the signing of the memorandum on August 23, 2018, once again reflected the "exquisite speed" of the shocking industry, marking the next step in the exquisite tires landing in Europe, the process of exquisite tire globalization is unstoppable!
Europe is one of the main export markets for Linglong tires. The establishment of the Serbian factory will further expand the European market and realize the healthy, sustainable and stable development of the company's export trade. On the other hand, direct sales from Serbian factories for major OEMs and retail customers in Europe and around will help customers to reduce costs faster and more efficiently. At the same time, we will promote the in-depth cooperation between Linglong Tire and European plants such as Volkswagen and Audi, as well as project development in other European automobile manufacturing plants in the future. After the completion of the project, it is equally meaningful for arranging employment and raising the income level and living standards of Serbian residents.
Chairman Wang Feng and Serbian President Vucicchi were interviewed by the media
The project is currently the largest Chinese-funded project in Serbia and the largest foreign direct investment project in Serbia. At the signing ceremony, the President of Serbia, Mr. Vucic, greatly appreciated the leadership of Chairman Wang Feng and thanked Linglong’s tires for his love of Serbia. Mr. Vucic said that he will fully support the commencement of the Linglong tire project, speed up the construction of the project, and strive to put into production as soon as possible.
Guests from both sides
In recent years, under the general situation that the overall situation of the tire industry is not optimistic, the exquisite tires that laid out the globalization strategy early and early, "flowering inside and outside" have achieved the opposite of the market! The establishment of the European factory of Linglong tires, once again showcases the advanced productivity of national brands. To the world, it marks the Chinese tire brand, both product quality and brand awareness, has the confidence and strength to compete with the world-class tire brands! In the future, Linglong tires will continue to promote the investigation of the Americas project, and finally put into production in Europe and America. Establish a factory to achieve effective global competitiveness!
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