搜尋歷史
熱門搜尋
經銷商登入 / 註冊
On September 24, Shandong Linglong Tire Co., Ltd. (601966.SH) announced an outward investment. The company plans to invest $270 million (equivalent to approximately 1.835 billion RMB) to build an overseas tire production base in Egypt, further deepening efforts in the European, Middle Eastern, and African markets, taking a solid step in its global layout.
According to the announcement, Linglong Tire will establish a wholly-owned subsidiary in Egypt as the project implementation entity. The project is located in Arab City, Alexandria Governorate, Egypt. The planned total land area is approximately 377.2 mu. The construction period is 2 years, covering civil engineering, equipment purchase and installation, road construction, greening projects, etc. Upon completion, the project can produce 6 million sets of semi-steel radial tires annually. It is expected to realize annual operating revenue of approximately $173 million, with an annual net profit of about $34.62 million. The profitability prospects are considerable.
Location Advantage Highlighted, Serving Three Continents Markets
This investment project is based in Egypt, radiating to local and core markets such as Europe, Middle East, and Africa. Currently, the automotive industry in the target region is steadily rising, market demand remains continuously strong, laying a solid industrial foundation for project implementation.
What deserves particular attention is that Egypt controls the strategic junction of Asia, Africa, and Europe, possessing the Suez Canal, a global shipping artery, while the port logistics network is increasingly robust. Upon completion, the project will significantly optimize the transportation links for raw material input and finished product output, effectively compressing logistics costs, improving supply chain response efficiency, and injecting strong resilience into overall operations.
Completing Capacity Puzzle, Overseas Bases Synergizing
From a strategic perspective, this project is a key link for Linglong Tire to complete its global capacity puzzle. Currently, the company has formed a pattern of five major bases domestically in Zhaoyuan, Dezhou, Liuzhou, Jingmen, and Changchun. Overseas, it relies on two major bases in Thailand and Serbia to radiate globally. After the Egypt project is completed and put into production, it will form synergy with existing overseas bases, significantly strengthening regional order acceptance and delivery capabilities, effectively hedging against uncertainties brought by international trade barriers, and further enhancing supply chain resilience and production flexibility.
The company stated that it will rely on new production capacity to accelerate transformation and upgrading towards intelligent production, high-end product R&D, and green manufacturing, and led by the "Three Upward" strategy of "Brand Upward, Product Upward, Channel Upward", continuously enhancing global influence and market reputation.
According to the plan, Linglong Tire strives to break through 160 million units in production and sales by 2030, achieve sales revenue exceeding 80 billion RMB, enter the top five in production capacity scale globally, and build a technical tire manufacturing enterprise with world-class technical levels, management levels, and brand influence.
Industry insiders believe that the implementation of the Egypt project will become a strong pivot for Linglong Tire to deepen its overseas footprint and expand the brand's global visibility, providing solid support for the in-depth promotion of the globalization strategy, and the company's comprehensive competitiveness is expected to reach a new level.
