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Sinochem News News on September 13, Linglong Tire issued a fixed increase plan, intends to privately issue no more than 137 million shares, raise funds no more than 2.
5 billion yuan, for Changchun to produce 1.
2 million all-steel radial tires and 3 million per year Semi-steel radial tire project and supplementary working capital
.
Linglong Tire said that the current supply of the company's products is in short supply, and the production capacity problem is gradually becoming prominent.
The existing production line can no longer fully meet the market demand.
The fundraising project aims to expand production capacity
.
As the largest automobile manufacturing base in China, Changchun focuses on complete vehicle manufacturers such as FAW Jiefang, FAW-Volkswagen, and FAW Fengyue.
The coordinates of the aforementioned enterprises are all in Changchun Auto Development Zone
.
The implementation site of this tire production project is also located here, which can quickly meet the supporting needs of the FAW Group and radiate the markets of North Korea, Japan, South Korea, Russia and Mongolia
At present, Linglong Tire has 5 production bases in China, Zhaoyuan, Dezhou, Liuzhou, Jingmen, and Changchun, and plans to build China's sixth production base in Tongchuan City, Shaanxi Province; 2 overseas production bases in Thailand and Serbia (under construction) Base, and continue to investigate and build factories around the world, and strive to fully complete the "7+5" global layout by 2030, and plan to exceed 160 million tires in annual production and sales.
