China's Linglong starts building €800mn rubber factory in north Serbia's largest ever investment

By bne IntelliNews April 1, 2019

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.

Related Articles

Ethnic Serbs close shops in Kosovo’s north in protest over 100% import tariffs

Shops in the northern part of Kosovo, populated mainly by ethnic Serbs, have been closed since the morning of July 1 in a protest against the 100% tariffs imposed by Pristina on Serbian products, ... more

Mid Europa sells Serbian mineral water producer Knjaz Milos to KMV and PepsiCo

Mid Europa Partners said it has agreed to sell Serbian mineral water producer Knjaz Milos to a joint venture between Karlovarske ... more

Serbia calls tender for privatisation of Komercijalna Banka

Serbia’s government launched a tender for the privatisation of the country's second-largest bank, Komercijalna Banka, on ... more