The Chinese car tyre manufacturer Linglong Tire Company is looking for a suitable locality in Central Europe for its greenfield factory worth nearly €500 million. In addition to Slovakia, the Czech Republic, Hungary, and Poland are also competing for the giant investment with some 1,500 jobs in production and research. "Negotiations with the Czech Republic and Slovakia are at the most advanced stage. The decision will be made at the beginning of summer. The management of the company Linglong is now evaluating all information," said Radek Grill, being the owner of the Czech company Tomket, which acts on behalf of the Chinese giant in talks with authorities. Slovakia is offering a locality near the eastern Slovak city of Košice.