Sumitomo Invests $55 Million at South Africa Plant
Sumitomo Rubber Industries is investing $55 million to start producing truck and bus tires at its South Africa passenger car and light truck tire facility. The investment in equipment will help the tiremaker meet increasing TBR tire demand in the market. Currently Sumitomo Rubber South Africa supplies imported truck and bus tires to African markets.
Goodyear Investing in South African Factory
Goodyear Tire & Rubber Co. is investing roughly $50 million to increase the production of high-valued added (HVA) consumer tires at its Uitenhage, South Africa, facility. The investment will help Goodyear meet the growing market demand for HVA tires in South African and Sub-Sahara Africa, the tiremaker said. The region’s tire market is expected to