Croatian sheets about large Chinese investments in Serbia

Zagreb – Hrvatski Jutarnji list has left a lot of room for information that the Chinese company Shandong Linglong is coming to Zrenjanin, that is to say that he intends to operate in Serbia.

Source: Tanjug

Photo: Tanjug / Rade Preli

Photo: Tanjug / Rade Preli

The Chinese production company has informed the Jutarnji list, the stock exchange, to plan an investment of around 900 million euros in Serbia.

The announcement of investments in the tire factory is based on several large Chinese business enterprises in the neighboring country, such as the construction of the Bora-Zemun bridge (the construction price of $ 300 million), the takeover of the ambassador in Smederevo ($ 50 million) and the construction of three parts of the fast road from Belgrade to the south of Serbia, says Jutarnji.

The next big Chinese investment, the cake, could be the recapitalization of the mine in Bor, for which the government of Serbia recently announced a tender.

The leaf pie to build the plant in Zrenjanin, which would take place in three phases, should take place next year, and the plan is that Zrenjanin will sell thirteen million and 620 thousand tires in the third year.

The selection of the Chinese company to Zrenjanin fell, according to the appraisal of the cake, because of the low cost of design, construction, operation and trade in Serbia.

In addition, the aforementioned free zone offers investors a VAT exemption for electricity and gas, profit tax and duty-free imports of equipment and services.

Shandong Linglong, according to the official data of the company, with an annual income of one billion dollars and 500 million dollars and 12,000 employees, is one of the ten largest tire manufacturers in the world.

In Europe there are currently only Tire Testing Offices, and apart from five factories in China, they also have production in Thailand.

The Chinese tire company sells in 180 countries around the world and has the status of original car supply such as Ford, Hyundai, Fiat and Volkswagen. Further breakthrough is trying to make spring sponsoring for the Italian football pride Juventus.

From the past they are already present in European top football as sponsors of the German Wolfsburg.

Before the board of director Shandong Linglong, the construction of the plant in Zrenjanin was approved by the competent Chinese state institutions.

Among other things, approval was granted by the Ministry of Commerce and the Commission for Development and Reform.

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