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Sumitomo Rubber increases tire production capacity at its Brazilian plant

 Last Update: 2021-08-04
 Source: Internet
 Author: User

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Sinochem News.
com Sumitomo Rubber recently announced that it will invest 1.
064 billion reais to increase the tire production capacity of its Brazilian plant
.
Accordingly, the capacity of passenger car and light truck tires at the Brazilian plant will be increased from the current 18,000 tires per day to 23,000 tires per day in April 2024, and the production capacity of truck and bus tires will be increased from the current 1,000 tires per day to 2025.

The monthly daily output is 2,200

It is reported that Sumitomo Rubber's tire plant in Brazil has been producing passenger car and light truck tires since October 2013, and truck and bus tires since March 2019
.
Although the Brazilian market will experience negative growth in 2020 due to the impact of the epidemic, it is expected that the Brazilian market will exceed that before the epidemic in 2021, and the annual growth rate thereafter will reach 2% to 3%

Through this investment to increase production capacity, Sumitomo Rubber will further consolidate and expand its tire sales business in the Brazilian market, while further expanding its global tire business

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