On September 18, Sumitomo Rubber Industries Ltd. broke ground on its new $500 million tire plant factory in Cankiri Province, Turkey. Sumitomo owns 80% of the joint venture plant, with the remaining 20% held by Abdulkadir Ozcan Lastik Sanayi ve Ticaret A.S., a leading Turkish tire distributor and tiremaker (through Petlas Tire Industry and Trade Co.). The plant will produce radial light truck and passenger car tires with startup scheduled for July 2015 and rampup through late 2019. Capacity will reach 30,000 tires/day by 2019. The company is known as Sumitomo Rubber AKO Lastik Sanayi ve Ticaret A.S. (SAT).
top of page
Search
Recent Posts
See AllOur blog, News from Notch Consulting, has been published continuously since November 2007 with free news and updates related to the tire, rubber, carbon black, silica, and rubber chemicals industries.
630
On October 31, Bridgestone Corporation announced it will sell all of its assets in Russia due to the war in Ukraine. The process could take several months. Bridgestone is seeking a buyer for its 80.6
90
Nokian Tyres has announced the location for its new tire plant — Oradea, Romania. The investment will total Euro 650 million and construction is scheduled to begin in early 2023. The factory is expect
90
bottom of page