Sumitomo to Invest £25 million in capacity
Sumitomo Rubber Industries Ltd (SRI) is going to invest £25 million into the increase of production capacities in several of its factories.
According to a German online service, Sumitomo, the second biggest tyre manufacturer in Japan after Bridgestone, wants to respond to growing demand for their products. £15 million will be invested in SRI’s factory in Japan, the remaining £10 million will be allocated to factories in China and Indonesia. The tyre manufacturer says the production capacity will go up by 12 per cent although the time scale in which this will happen is not clear.
In Japan Sumitomo Rubber produces Dunlop brand tyres.