Ling Long Tyres (Thailand) Purchases 306 rai in Hemaraj ESIE

Ling Long Tyres (Thailand) Co., Ltd., one of the world’s top 20 tyre manufacturers from China, recently signed a contract with Hemaraj Land And Development Plc. to purchase industrial estate land of 306.32 rai (122.53 acres or 49 hectares) in Hemaraj Eastern Seaboard Industrial Estate in Rayong province for its new manufacturing facility in Thailand.

Mr. Wang Feng, President of Shangdong Linglong Tyres said "Linglong Tyres has been granted privileges from Thailand's Board of Investment for the production of Radial Tyres for passenger cars and pick-up trucks with an investment of 3,500 million baht. Being a successful auto-cluster complete with upstream to downstream supply chain, Hemaraj ESIE is considered the best location for our new plant. Hemaraj is wellknown for its world-class industrial estate development especially in auto-cluster operation which will be a key success factor of our project. Construction of the plant will start in January 2013 and should be completed by January 2014. We expect to begin production from June 2014, at a capacity of 2 million pieces per year."

Linglong was established in 1975. Today the company manufactures 3,000 different kinds of tyres in more than 10 series including bus tyre, passenger car and light truck radial tyres and steel heavy radial and special tyres. Linglong tyres are sold in 160 countries worldwide.

David Nardone, President & CEO of Hemaraj said “We are very pleased and honored that Hemaraj ESIE is chosen for this important project of Linglong Tyres. Linglong is the first large-scale project from China added to Hemaraj’s client portfolio. With our longtime success record in auto-cluster management we are confident that Hemaraj will be able to provide efficient support to Linglong in all areas, from government procedures concerning plant construction and operation, linkage with automotive supply chain in Hemaraj’s industrial estates, utilities, logistics and other value added services. Linglong’s investment confirms Thailand’s strong fundamentals and potential as the automobile production hub in Asia.”