SHANDONG, China (Oct. 8, 2012)—China's Shandong Linglong Tyre Co. Ltd. plans to build a $115 million passenger and light truck tire plant in Thailand, with production expected to begin by June 2014.
Shandong Linglong said it will acquire 121 acres of land in Hemaraj Eastern Seaboard Industrial Estate, about 95 miles east of Bangkok in Thailand's Rayong Province, for the factory. The plant will be the company's first outside China, where it ranks as the fourth-largest tire manufacturer.
Shandong Linglong Rayong Province is home to many other vehicle assembly and parts manufacturing ventures.
The facility is expected to have the capacity to make for 2 million tires annually, the company said. Construction will start in January and should take a year to complete.
Shandong Linglong, the world's No. 19th-largest tire maker with 2011 sales of $1.6 billion, didn't comment on the plant's expected employment.
Linglong Tyre has been operating since 1975. Founded as Zhaoyuan Tire Plant, the manufacturer moved into radial tire production in 2001 and last year began working to establish the Linglong brand internationally. It also sells the Cross Wind and Green Max brands.