Shandong Linglong Tyre is planning to invest nearly $1bn into a new plant in Zrenjanin, northern Serbia. The Chinese car tire manufacturer will build the factory in the Zrenjanin Free Trade Zone. Construction should start in April and will go up in three phases. Completion is planned for March 2025. Shandong Linglong Tyre plans to produce 13.62 million high-performance radial tires per year at its new factory. The project needs to secure approve from China’s National Development and Reform Commission as well as the country’s trade ministry and state administration of foreign exchange.
