China's Linglong could invest 400 mln euros in Serbia

Chinese tyre manufacturer Linglong has been looking for a location for its European plant over the past year and Serbia is the top contender among four countries, Belgrade's Vecernje novosti daily reported on Monday.

16 April 2018 12:00

BELGRADE - Chinese tyre manufacturer Linglong has been looking for a location for its European plant over the past year and Serbia is the top contender among four countries, Belgrade's Vecernje novosti daily reported on Monday.

According to the paper, the Chinese giant is still in negotiations with Serbian institutions and an investment could be worth 400 mln euros, making it the biggest foreign investment in Serbia.

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