Millions of euros for the tire factory economy

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August 22, 2018 21:54 |

The tire manufacturer "Shandong Linglong" will soon be in Zrenjanin

The Chinese production company Shandong Linglong will start next year with the construction of a factory in Zrenjanin for which the city has laid 136 hectares of land and the work in factory buildings will generate 1500 employees. The Chinese investor plans to invest nearly a billion dollars in the entire investment.

Serbian President Aleksandar Vucic will be present on Thursday signing ceremony for the construction of this factory. As the Mayor of Zrenjanin Cedomir Janjic said, the negotiations lasted a year. Investors from China are waiting for the approval of their ministry, but the city leaders of Zrenjanin hope that there will be no problems.

The Chinese production company Shandong Linglong has announced that it intends to invest $ 994.4 million in the investment project in Serbia.

Read more – The Chinese tire company is planning an investment project in Zrenjanin worth one billion dollars

– The Serbian government and local self-government have negotiated and it seems that the end has come to an end – said Janjic. – High-quality tires are being produced which will be one of the most modern tire manufacturers in Europe. The plant will be built in the industrial zone Jugoistok in Zrenjanin for which the city has yielded 136 hectares of land. All procedures relating to organic production are respected.

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