Linglong Tyres 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 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. Linglong Tyres has been granted privileges from Thailand's Board of Investment for the first phase project for production of Radial Tyres with an investment of 3,500million baht. Construction of the plant will be completed by January 2014 and production will start from June 2014 at a capacity of 2 million pieces per year.

Photo shows Mr. David Nardone (5th from left), President & CEO of Hemaraj Land And Development Plc. exchanging contract with Mr. Wang Feng (4th from right), Chairman of the Board Director of Shangdong Linglong Tyres Co., Ltd. while Mr. Liu Zhancun (3rd from right), Vice President of LingLong Group Co.,Ltd., Mr. Liu Chengwen (2nd from right), Executive Director of LingLong Tyres (Thailand) Co.,Ltd., Mr. Sawasdi Horrungruang (5th from right), Chairman of Advisors to the Board of Directors of Hemaraj, Mr. Chavalit Sethameteekul (3rd from left), Chairman of the Board of Directors, Mr. Thongchai Srisomburananonta (4th from left), Chairman of the Executive Committee and Mr. Vivat Jiratikarnsakul (2rd from left), Executive Vice President of Hemaraj look on.