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SRI’s Brazil truck & Bus tyre plant starts production

SRI’s Brazil truck & Bus tyre plant starts production

Sumitomo Rubber Industries (SRI) has commenced production at its  Brazil Factory began manufacturing tyres for trucks and buses.

With an investment of 465 million reals in new equipment with the dual aims of ensuring a more stable supply of truck and bus tyres for the Brazilian market while also minimizing its forex risks. The Brazil plant  currently has plans to augment its production capacity to be able to manufacture 1,000 tyres for trucks and buses by the end of 2020.
Before the new plant, SRI’s  Brazilian subsidiary had imported truck and bus tyres for sale in Brazil. However, thanks to the recent start of local production, the company is now better able to ensure a steady supply of tyres for trucks and buses in Brazil, where the market for this type of tyres is expected to grow by 2-3% per year for the foreseeable future. “Building on this latest step, the Sumitomo Rubber Group will continue working to further strengthen our tyre sales business (including sales of tires for passenger cars and light trucks) in Brazil as part of our overall efforts to grow and develop our global business,” said the company.

 

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