From November 24 to 25, 2011, Yang Herong, Mayor of Laibin City and Liu Dexiang, Deputy Mayor of Laibin City in Guangxi Province, led the investment team composed of leaders of the relevant departments of the city to discuss with senior executives of Shandong Linglong Group. The two sides agreed to contribute a total investment of 3 billion yuan to 2.5 million yuan annually. Set engineering radial and engineering truck tire projects settled in Guangxi Laibin.
The two sides reached a consensus on cooperation. Delicate Group plans to invest 3 billion yuan to build an annual production of 250 sets of engineering radial and engineering load-carrying tires in Laibin Phoenix Industrial Park. The project will be constructed in two phases. The construction land for the project will be 1500 mu. It will support 150 mu of land for living, scientific research and display, and is expected to be realized. With an annual output value of 4 billion yuan, it is clear that an investment cooperation agreement will be signed in mid-December this year.
At the project negotiation meeting, Yang Herong introduced the relevant situations in Guangxi and Laibin. He pointed out that Guangxi has ushered in an important period of development opportunities in recent years. With the completion of the China-ASEAN Free Trade Area, Guangxi has become a bridgehead and a major channel for Chinese provinces to enter ASEAN countries. The guests are located in central Guangxi, and their location advantages, transportation advantages, resource advantages, market advantages, and advantages in employment are obvious. They enjoy the support policies in the western region and preferential policies for industrial development. The Linglong Tire Company's raw materials and markets are both in the south, with high transportation costs and low profit levels. The tire projects are laid out to guests, in line with the laws of the market and industrial development requirements, in line with the strategic choice of mutual benefit and win-win, and can serve the Southwest, For Southeast Asia, it can also serve the Guangxi market, especially Liuzhou will build 1 million automobile city, the tire industry market has broad prospects, the guests will strongly support the project construction.
It is understood that Linglong Group is a group-based company mainly engaged in the tire industry. Its industries include tire manufacturing, electromechanical processing, chemical raw materials, construction materials, business tourism, public utilities, financial services, and heat and power industries. With a total of more than 10 billion yuan in total assets, it achieved sales revenue of 15 billion yuan in 2010, and overseas sales revenue of 800 million US dollars. It is a top 500 Chinese enterprise and an "excellent Chinese private enterprise." The company's sales network covers all parts of the country, and its products are exported to more than 160 countries and regions such as Europe, America, Middle East, Southeast Asia, Africa, and Central and South America. It has become China's largest export-oriented tire company with the highest brand value.
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