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Sumitomo Rubber to increase production capacity of its Brazil TBR plant.

Sumitomo Rubber to increase production capacity of its Brazil TBR plant.

Sumitomo Rubber Industries will make  an additional investment in equipment and facilities for the production of truck and bus tyres at our group’s Brazil Factory, which will begin producing truck and bus tyres in March 2019.

“The aim of this increased investment is to position our group to be better able to respond to the steadily growing demand for truck and bus tyres in the Brazilian market. When we first announced (in July 2016) our initial plan to invest around 8.4 billion yen to install production equipment for truck and bus tyres at our Brazil Factory, we planned to start production with a capacity of 500 tyre per day from March 2019. Now, with this additional investment of around 4.1 billion yen, we have committed to increasing the factory’s truck and bus tyre production capacity to 1,000 per day in October 2019,” said the company in a statement.

The Sumitomo Rubber Group’s Brazil Factory has been producing tyres for passenger cars and light trucks since October 2013. Meanwhile, our group’s Brazilian subsidiary currently imports truck and bus tyres for sale on the domestic market, where demand for truck and bus tyres is expected to grow by 2-3% per year for the foreseeable future. “Thus, we have decided to further enhance our overall tyre sales business in Brazil by ensuring a steady supply of locally produced tyres for trucks and buses in addition to passenger cars and light trucks, while avoiding the currency fluctuation risks inherent in import/export,” added the company.

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