Tiger Wheels Grow
South African Tiger Wheels has benefited from a weak Rand pushing attributable earnings up by 63.3 per cent for the year to June. Revenue was up by 22 per cent and earnings by 49 per cent.
According to the company the average euro-to-rand rate of R8.95 had most benefited the German-based division, ATS which became one of the main drivers for the growth in revenue. The company reported an improvement in production at its Babelegi plant in South Africa, increased production from the new Polish facility and the first phase of a new US wheel manufacturing facility at Auburn, Alabama was now under way.