Chinese company Shandong Linglong has started the construction of a €800mn rubber plant in Serbia’s northern town of Zrenjanin, the Serbian government said.
Shandong Linglong Rubber Co.,Ltd. announced in August 2018 plans to officially start the construction of the factory, which will take place in three phases, with the final phase being completed in March 2025, according to the statement.
Serbia aims to become China’s top partner in Southeast Europe and attract Chinese investors to various fields. Alongside multiple infrastructure projects, China is present in Serbia’s steel industry as the owner of the country’s only steel mill Zelezara Smederevo, which was taken over by Hebei Iron and Steel Group (HBIS) in July 2016.
Shandong Linglong's factory, which will be the largest single investment in northern Serbia up to date, will produce 13mn tyres per year.
The town of Zrenjanin has provided 136 hectares of land for the construction of a plant where 1,500 workers will be employed.
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