Linglong Tire announces a $270 million investment to build a tire factory in Egypt.
According to 36Kr, Linglong Tire announced a $270 million investment to build a tire factory in Egypt. The project, to be operated by Linglong Tire (Egypt) Co., will take two years to build and produce 6 million half‑steel radial tires annually. Expected annual revenue is $173 million with a net profit of $34.6 million.
Key facts
- 01Project will be operated by Linglong Tire (Egypt) Co.
- 02Construction period is two years.
- 03Annual production capacity is 6 million half‑steel radial tires.
- 04Expected annual revenue is $173 million and net profit is $34.6 million.
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