In the middle of September, 2024, Linglong International Europe d.o.o., the first Chinese tire factory in Europe, officially started mass production. Another important project in Linglong Tire’s “7+5” global strategic blueprint has come to fruition, and the global strategic layout has started a new journey!
Serbian President Aleksandar Vučić led government departments at all levels, together with Chinese Ambassador to Serbia Li Ming, industry authorities, well-known experts from universities, as well as Linglong’s global partners and media friends, to attend this grand event.
Since its launch in 2019, Linglong Europe has attracted global attention with its grand blueprint of a total investment of US$990 million and an annual production capacity of 13.62 million high-performance radial tires.
During its construction, Linglong’s European factory has deeply integrated cutting-edge technologies such as artificial intelligence, mobile sensing, industrial big data, and industrial robots. It is committed to becoming a benchmark for tire production that is safe, environmentally friendly, intelligent, automated, and green, and becoming one of the leading digital factories in the global tire industry. It has achieved full automation and digital management from the warehousing of raw materials to the delivery of finished products, greatly improving product quality and production efficiency.
Furthermore, the “green, clean, civilized, and lean” new factory model advocated by Linglong Europe will lead the industry towards a more environmentally friendly, efficient, and intelligent direction.
During their in-depth visit to the production workshops of Linglong Europe, the visiting leaders and guests all expressed sincere admiration for the factory’s high level of intelligence, unanimously acknowledging it as a model in the tire manufacturing industry that they have personally witnessed, and an “incredible factory” beyond their imagination in terms of intelligence. President Vučić emphasized during his visit, “It’s unbelievable and incredible. I feel so proud and happy.”
With the official mass production of its European project, Linglong has taken an important step in its globalization strategy in the European market. The factory will provide European and surrounding market users with an excellent driving experience through high-performance products featuring green, low-carbon, low rolling resistance, and strong handling capabilities, as well as superior services. This milestone achievement not only promotes the construction and improvement of Linglong’s overseas OE system, but also significantly enhances the competitiveness and influence of Chinese tire makers in the global market.
In August 2024, with the Linglong Europe developing rapidly, Linglong announced the launch of the Linglong Phase II expansion project in Europe. After the expansion project is completed, it will add an annual production of 1.1 million high-performance radial tires of various types, including 800,000 sets of commercial vehicle tires, 50,000 sets of engineering radial tires, 150,000 sets of agricultural radial tires, 100,000 sets of retreaded tires, and liquid reclaimed rubber, photovoltaic power generation and other projects.
At the mass production ceremony, Linglong Tire signed an additional investment memorandum with the Serbian government. The signing of this agreement is not only a full affirmation of the previous cooperation results, but also lays the foundation for the smooth progress of the European Linglong expansion project.
In the future, Linglong Tire will take the project’s mass production as an opportunity, aim at the high-quality joint construction of the “Belt and Road” between China and Serbia, strengthen compliance operations and safety production management, and promote future project construction with high standards and strict requirements. At the same time, the company will actively fulfill its social responsibilities, establish an excellent corporate culture image, and contribute more to promoting China-Serbia economic and trade cooperation to a higher level and promoting Chinese manufacturing to the world stage!
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Woxsen University secures top positions in the latest QS Business Masters Rankings 2025, for the second time. Renowned for its industry-aligned curriculum, global perspective, state-of-the-art infrastructure & Industry partnerships, Woxsen University continues to be a nexus for Innovative research and transformative learning, nurturing a talented student pool that contributes extensively to the contemporary business landscape.
Despite being one of the youngest universities on the list, Woxsen has garnered impressive QS rankings for its flagship MBA Programs.
Masters in Finance Program

1st in India
13th in Asia
Top 151+ Worldwide

Masters in Business Analytics Program

2nd in India
9th in Asia
Top 101+ Worldwide

Masters in Management Program

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7th in India
19th in Asia
151+ Worldwide

“Making it in the QS Business Masters Ranking 2025 justifies the tremendous growth Woxsen has shown by the year, positioning us as a leading global higher education institution. This ranking highlights every effort put in by our students, faculty and all our stakeholders. The trust placed in us by our community fuels our determination to exceed expectations every time,” said Praveen K. Pula, Founder & Chancellor of Woxsen University.
Woxsen University has been evaluated by QS Rankings on significant parameters like Employability, Alumni outcomes, Thought Leadership, Value for Money, Class, and Faculty Diversity. Woxsen has joined the ranks of prestigious Indian institutions like IIMs, XLRI, and SPJIMR, as well as international universities, demonstrating its progress towards becoming a globally renowned University.
Vice President, Woxsen University, Dr. Raul V. Rodriguez said, “Woxsen University has topped the charts in diversity, employability, and value for money in the QS Business Masters Ranking 2025, exemplifying our consistent efforts towards a diverse and inclusive learning environment. We prioritize equipping our students with new-age skills they need to succeed in the ever-transforming global job market, while also ensuring that our programs offer exceptional value for their investment. Woxsen’s commitment to these aspects has cemented its reputation worldwide as a leading university for business education.”
Woxsen University recently hosted a series of distinguished International Ambassadors and Guests. These visits have provided invaluable opportunities for students, faculty, and staff to engage with top diplomats and gain insights into pressing global issues.
H.E Juan Antonio March Pujol, Ambassador of Spain in New Delhi gave insights on India– Spanish relations, sharing his views on the University he said, “I am very impressed by Woxsen’s campus, where innovation and motivations are so clear. There are different areas of knowledge, all linked with digital innovation so strongly.“ During his visit, he expressed interest in returning to participate in interactive debates on emerging subjects like artificial intelligence.
Ambassador Rahul Chhabra, Former Secretary (Economic Relations), Ministry of External Affairs shared his expertise on “India in the Global Economy: Geopolitics and Geoeconomics,” engaging with first-year MBA students in a thought-provoking Q&A session.
H.E. Ms. Sofia Salas Monge, Chargé d’Affaires of the Embassy of Costa Rica in India said, “Woxsen University’s impressive infrastructure and state-of-the-art sports facilities provides an encouraging ecosystem for prospective students to look at. Our recent interaction with MBA students was particularly fruitful, discussing the potential for enhanced bilateral relations, highlighting economic, cultural, and diplomatic ties between Costa Rica and India, particularly in the areas of investment, trade, and academic exchange for faculty and students.”
Woxsen University’s ability to attract high-profile international dignitaries highlights its growing reputation as a leading institution in India & Globally.
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Wesco International (NYSE: WCC), will provide an update regarding its long-term growth strategy at its Investor Day meeting taking place in-person at its innovation center in Glenview, Ill. and online today at 9 a.m. Central Time.
Wesco will share an update on its digitally enabled business transformation and expansive capabilities to support long-term growth and margin expansion. Consistent with prior expectations, over the long term it expects to achieve mid-single-digit organic growth, driven by a strategic shift into higher growth and higher margin end markets along with continued share gains. The company has a long-term track record of increasing returns to shareholders through acquisitions which are additive to the topline growth rate and margin expansion. Over the same cycle, the company expects to grow EBITDA at twice the rate of sales, expand return on net assets, and target free cash flow of 100% of adjusted net income.
Wesco’s 2024 full-year expectations remain consistent with the outlook described in the company’s second quarter earnings report. Wesco expects reported sales of (3.5)% to (1.5)% and organic sales growth of (1.5)% to 0.5% versus the prior year. The company continues to expect to deliver adjusted EBITDA of 7.0% to 7.3%, and adjusted EPS of $12 to $13.
“Our investment thesis is built on our market leadership, future cash generation, and strong progress on our business transformation. We have multiple drivers of our future sustained outperformance and are well-positioned to deliver outsized growth due to secular trends in AI-driven data centers, increased power generation, electrification, IoT and automation, and re-shoring of global supply chains. We’re more than halfway complete on our technology and capabilities build. We have introduced generative AI analytics, automated multiple order and fulfillment processes, and developed new digital tools to improve working capital efficiency. These advancements are expected to accelerate growth, expand margins, and enhance the integration of future acquisitions. Our experienced management team, comprised of industry veterans with deep domain knowledge and new talent additions, is focused on driving our strategic priorities and achieving our financial goals,” said Chairman, President and CEO John Engel.
“As we stand here today, we have built a new Wesco. Since our last investor meeting two years ago, we have completed our integrations of Anixter and Rahi Systems while making substantial progress on our business transformation. We are laser-focused on the four critical components of our long-term value creation: capturing the benefits of our digital transformation; progressing toward our 10%+ EBITDA margin goal; generating strong and consistent cash flow; and investing in services and acquisitions while supporting a consistent return of capital to our shareholders over time. We are committed to achieving our vision of becoming the best tech-enabled supply chain solutions company in the world and creating value for all stakeholders,” he said.
Webcast and Teleconference Access
Wesco will conduct a webcast and in-person meeting on Thursday, September 26, 2024, at 9:00 a.m. C.T. The event will be broadcast live over the internet and can be accessed from the Investor Relations page of the Company’s website at https://investors.wesco.com. The call will be archived on this internet site for seven days.
Wesco International (NYSE: WCC) builds, connects, powers and protects the world. Headquartered in Pittsburgh, Pennsylvania, Wesco is a FORTUNE 500® company with more than $22 billion in annual sales and a leading provider of business-to-business distribution, logistics services and supply chain solutions. Wesco offers a best-in-class product and services portfolio of Electrical and Electronic Solutions, Communications and Security Solutions, and Utility and Broadband Solutions. The Company employs approximately 20,000 people, partners with the industry’s premier suppliers, and serves thousands of customers around the world. With millions of products, end-to-end supply chain services, and leading digital capabilities, Wesco provides innovative solutions to meet customer needs across commercial and industrial businesses, contractors, government agencies, educational institutions, telecommunications providers, and utilities. Wesco operates nearly 800 branches, warehouses and sales offices in more than 50 countries, providing a local presence for customers and a global network to serve multi-location businesses and global corporations.
Forward-Looking Statements
All statements made herein that are not historical facts should be considered as “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially. These statements include, but are not limited to, statements regarding business strategy, growth strategy, competitive strengths, productivity and profitability enhancement, competition, new product and service introductions, and liquidity and capital resources. Such statements can generally be identified by the use of words such as “anticipate,” “plan,” “believe,” “estimate,” “intend,” “expect,” “project,” and similar words, phrases or expressions or future or conditional verbs such as “could,” “may,” “should,” “will,” and “would,” although not all forward-looking statements contain such words. These forward-looking statements are based on current expectations and beliefs of Wesco’s management, as well as assumptions made by, and information currently available to, Wesco’s management, current market trends and market conditions and involve risks and uncertainties, many of which are outside of Wesco’s and Wesco’s management’s control, and which may cause actual results to differ materially from those contained in forward-looking statements. Accordingly, you should not place undue reliance on such statements.
Important factors that could cause actual results or events to differ materially from those presented or implied in the forward-looking statements include, among others, the failure to achieve the anticipated benefits of, and other risks associated with, acquisitions, joint ventures, divestitures and other corporate transactions; the inability to successfully integrate acquired businesses; the impact of increased interest rates or borrowing costs; fluctuations in currency exchange rates; failure to adequately protect Wesco’s intellectual property or successfully defend against infringement claims; the inability to successfully deploy new technologies, digital products and information systems or to otherwise adapt to emerging technologies in the marketplace, such as those incorporating artificial intelligence; failure to execute on our efforts and programs related to environmental, social and governance (ESG) matters; unanticipated expenditures or other adverse developments related to compliance with new or stricter government policies, laws or regulations, including those relating to data privacy, sustainability and environmental protection; the inability to successfully develop, manage or implement new technology initiatives or business strategies, including with respect to the expansion of e-commerce capabilities and other digital solutions and digitalization initiatives; disruption of information technology systems or operations; natural disasters (including as a result of climate change), health epidemics, pandemics and other outbreaks; supply chain disruptions; geopolitical issues, including the impact of the evolving conflicts in the Middle East and Russia/Ukraine; the impact of sanctions imposed on, or other actions taken by the U.S. or other countries against, Russia or China; the failure to manage the increased risks and impacts of cyber incidents or data breaches; and exacerbation of key materials shortages, inflationary cost pressures, material cost increases, demand volatility, and logistics and capacity constraints, any of which may have a material adverse effect on the Company’s business, results of operations and financial condition. All such factors are difficult to predict and are beyond the Company’s control. Additional factors that could cause results to differ materially from those described above can be found in Wesco’s most recent Annual Report on Form 10-K and other periodic reports filed with the U.S. Securities and Exchange Commission.
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