On November 24, at the earnings conference of Shandong Linglong Tyre Co., Ltd., Chairman Wang Feng disclosed the latest progress of the company's global production capacity layout to the market. In response to the current operational challenges, Wang Feng clearly pointed out that the steady progress and capacity release of the three overseas bases will become the core driving force for the company's future performance growth.
Wang Feng revealed that the company's existing overseas production bases are operating well. As of the end of October this year, Linglong Tire's Thailand and Serbia factories maintained an overall capacity utilization rate of around 85%, demonstrating strong production resilience and market competitiveness. These two bases are the main contributors to revenue and profit.
Regarding the progress of the new factory, which is of great interest to investors, Wang Feng provided a clear timeline. He stated that the company's planned third overseas base—the first phase of the Brazilian factory project—is progressing smoothly.
"Currently, the project is in the planning and design stage and is undergoing various approval procedures." Wang Feng's introduction signifies that Linglong Tire's globalization strategy is about to penetrate the huge potential market of South America, forming a more complete global production network covering Asia, Europe and the Americas.
Wang Feng stated that ramping up production at the Serbian factory and facilitating the implementation of the Brazilian factory project are among the company's current strategic priorities. He emphasized that with the orderly release of the company's overall production capacity, coupled with product structure optimization and cost control, revenue and profit are expected to achieve steady growth.
This disclosure not only demonstrates Linglong Tire's strategic resolve in a complex market environment, but also clearly outlines its growth path of hedging risks and improving profitability through global production capacity layout. With the synergistic effects of its three overseas bases gradually emerging, Linglong Tire's global competitiveness is expected to reach a new level.
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