- Tanzanian auto enthusiasts are enticed by Mercedes-Benz
- Toyota plans to set up a vehicle manufacturing plant in Kenya
- Bolt plans to launch the Bajaj Qute car to the Kenyan market
- How Africa is set to blow past the rest of the world on electric motorcycles
- Inchcape Launches Changan Auto In Kenya
- Autoexpo Kenya to be held in Nairobi in 2024
- Russian Lada cars will be manufactured in Ethiopia for the African market
- Pakistani carmaker MCML has begun exporting SUVs to Africa
- Uber launches an electric bike fleet in Kenya, a first in Africa
- USA & Kenya Govt Signs Ksh.8.7 billion deal to power electric buses
Sumitomo ploughs US$55m in South Africa plant
Sumitomo is investing around US$55m in its South African plant for truck and bus tyres.
"In recent years, demand for tyres in African markets has been steadily increasing in tandem with rapid economic growth - and we anticipate even further growth in the near future," said a Sumitomo statement.
"Until now, our South Africa factory has produced tyres solely for passenger cars and light trucks. In 2014, we announced a US$66m investment plan with the aim of enhancing the factory's production capacity and product quality, especially with regard to high-performance tyres.
"Now, we are preparing to make an additional ZAR910m investment in the installation of production equipment for truck and bus tyres.
"At present, Sumitomo Rubber South Africa supplies truck and bus tyres to African markets through sales of imported tyres. Now, we will gain production facilities for truck and bus tyres on the continent, thus enabling us to ensure a steady supply of locally produced tyres for local markets."
Following the upgrading, Sumitomo adds it plans to start producing truck and bus tyres in South Africa from July, 2018.
Posted on : 29 Mar,2024 | News Source : ABNews
Automart is Africa's leading directory and market news website for the automotive spare parts, automobiles and auto accessories industry | Kenya | Tanzania | Ethiopia
Exhibitions In Africa
- TIRES & RUBBER 2024
Expocentr' Krasnaya Presnya Fairgrounds, Moscow, Russia - 25th Autoexpo Kenya 2024
KICC, Nairobi, Kenya - WBE - WORLD BATTERY INDUSTRY EXPO 2024
China Import and Export Fair Pazhou Complex, Guangzhou, China - IAA TRANSPORTATION 2024
Deutsche Messe Hannover, Hannover, Germany