Ling Long Tyres (Thailand), one of the world’s top 20 tyre manufacturers, has signed a contract to purchase 306.32 rai (112.53 acres) of land in the Hemaraj Eastern Seaboard Industrial Estate.
The Chinese company will use the land in Thailand’s Rayong province to construct a new manufacturing facility.
Wang Feng, President of Shangdong Linglong Tyres, said: "Linglong Tyres has been granted privileges from Thailand’s Board of Investment for the production of radial tyres for passenger cars and pick-up trucks with an investment of THB 3.5 billion. Being a successful auto-cluster complete with upstream to downstream supply chain, Hemaraj ESIE is considered the best location for our new plant.”
He added: “Hemaraj is well known for its world-class industrial estate development, especially in auto-cluster operation, which will be a key success factor of our project. Construction of the plant will start in January 2013 and should be completed by January 2014. We expect to begin production from June 2014, at a capacity of 2 million pieces per year."
David Nardone, President and CEO of Hemaraj, said: “We are very pleased and honoured that Hemaraj ESIE has been chosen for this important project of Linglong Tyres. Linglong is the first large-scale project from China added to Hemaraj’s client portfolio. With our long time success in auto-cluster management we are confident that Hemaraj will be able to provide efficient support to Linglong in all areas.This investment confirms Thailand’s strong fundamentals and potential as the automobile production hub in Asia.”
Linglong was established in 1975. Today, the company manufactures 3,000 different kinds of tyres in more than 10 series including bus tyre, passenger car and light truck radial tyres and steel heavy radial and special tyres. Linglong tyres are sold in 160 countries worldwide.
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