Shandong Linglong Tire Co. Ltd. recently opened two subsidiaries to "engage in the import and export of tire and tire raw materials," according to the company.

The new subsidiaries are:

1. Linglong Luxembourg Sàrl in Luxembourg City, Luxembourg.

2. Elite Faith Mexico SA de CV in Mexico City, Mexico.

"The subsidiaries are set up to build up Linglong’s overseas sales network to speed up the two companies’ cooperation,” said the company in an official statement.

Based in Zhaoyuan City in the Shandong Province of China, Shandong Linglong posted global sales of $1.5 billion in 2016. Its U.S. subsidiary, Linglong Americas Inc., was established near Akron, Ohio, in 2009.