Linglong Tire (601966.SH) plans to invest US$270 million to build an Egyptian project.

Zhitong Finance APP News, Linglong Tire (601966.SH) announced that, based on global industry development trends and the company's international strategic layout, in order to precisely align with global market customer needs, enhance the enterprise's comprehensive strength and international core competitiveness, further expand into the European, Middle Eastern, and African markets, and achieve maximization of corporate benefits and sustainable development, the company plans to establish Linglong Tire (Egypt) Company in Egypt, either on its own or through a subsidiary, as the implementing entity for the "Shandong Linglong Tire Co., Ltd. Overseas (Egypt) Investment and Construction Project," to carry out investment and business activities.