- Chinese tyre manufacturer Linglong Tire plans to establish a production facility in Kenya.
- President William Ruto announced the plant will serve Africa and create jobs for Kenyans.
- Linglong Tire is valued at $35.23 billion (Ksh 4.5 trillion) globally.
- The plant aims to enhance tyre availability and affordability in Kenya and across Africa.
- The move reflects growing foreign investor confidence in Kenya.
Chinese tyre manufacturer Linglong Tire has announced plans to set up a production facility in Kenya. This follows a meeting between the company’s chairperson, Wang Feng, and President William Ruto at State House, Nairobi.
President Ruto highlighted the project’s significance for Kenya’s economy, noting that it will create thousands of jobs and serve as a hub for Africa. He emphasized Kenya’s attractiveness to investors due to favorable business policies and incentives.
With a global valuation of $35.23 billion (Ksh 4.5 trillion), Linglong Tire produces tyres for cars, trucks, and buses. While its products are already sold in Kenya, the local facility will make tyres more accessible and affordable.
Though details on the plant’s location and timeline are pending, the factory aligns with Kenya’s industrialization goals. It will not only meet local demand but also supply tyres to other African countries.
Linglong Tire’s investment underscores Kenya’s growing appeal as a manufacturing and industrial hub in Africa. The move reflects international confidence in Kenya’s strategic position and business-friendly environment, paving the way for more foreign investments.
