Linglong Tire and European Bank for Reconstruction and Development cooperated on Serbia project construction

Chairman Wang Feng and Executive Vice President of Europe, Mr. Jurgen Rigterink
Chairman Wang Feng and Ou Kaixing, deputy director of risk control, Ms. Betsy Nelson
Mr. Wang Feng and Mr. Jean-Marc Peterschmitt, Vice President of Manufacturing and Industry and Commerce,

After the talks, Mr. Jurgen Rigterink, Executive Vice President of Eurobank, released Twitter as soon as possible, and he is looking forward to the cooperation between the two parties!

EBRD

The European Bank for Reconstruction and Development is one of the most important development financial institutions in Europe. It was founded in 1991 and is headquartered in London, England. As a policy bank, Ou Kaihang's investment not only focuses on the economic benefits brought by enterprises, but also on its social benefits. Over the years, Linglong Tire's outstanding performance in cultural exchanges, social responsibility, environmental protection, safety production, and the successful experience of overseas construction have made Ou Kaihang attach great importance to this meeting.

Under the background of the national “Belt and Road” initiative, Linglong Tire has built three production bases in Zhaoyuan, Dezhou and Liuzhou under the guidance of “5+3” development strategy. The fourth production base in Hubei Jingmen is under construction. in. Overseas investment has built a production base in Thailand, providing more than 3,000 jobs for the local community, and actively contributing to disaster relief, social welfare and other charitable activities in the local community, strengthening cultural integration with Thailand, and setting a model for overseas construction. .

As the second overseas factory project, the Serbian project plans to invest 990 million US dollars to build a high-performance radial tire production plant with an annual production capacity of 13.62 million. After the completion of the project, it will realize a sales income of 600 million US dollars. The project itself will not only increase tax revenues for the Serbian and Zrenjanin regions, provide 1,200 jobs, but also continue to improve the labor skills of local workers and drive the development of local and downstream industries related to tire manufacturing, economic value and The social value is huge.

In this two-way talks, Wang Feng, Chairman of Linglong Tire, introduced the construction plan, investment estimate, financial benefits, and employee benefits and training inputs of the Serbian project. The two sides conducted in-depth discussions on current risk management and control and how to manage the Serbian factory with Thai experience. Ou Kaihang said that after the preliminary research and evaluation, the performance of Linglong tires in all aspects is in line with our investment requirements, and we look forward to the cooperation between the two parties.

Business investment talks between the two sides

"We hope that the European Bank can participate in this project, work with us to promote the economic development of the Serbian and Zrenjanin regions, and improve the living standards of the local people." Wang Feng, Chairman of Linglong Tire, is also full of expectations for future cooperation.