Thai plant boosts Linglong profits

Yantai, Shandong – Linglong Tire’s first half net profit increased 38% year-on-year to €92 million (725 million yuan), on 15% higher revenue at €1.05 billion.

The company’s Thai plant, at the sixth year of its eight-year tax exemption period, generated €60 million net profit on €287 million revenue, said the tire maker in half year report released in August.

Read the source article at European Rubber Journal