Reports: Petlas to Expand Car Tyre Output
Turkish tyre manufacturer Petlas Lastik is planning to significantly expanding its passenger car tyre production capacity. According to local news reports, the company’s tyre manufacturing finance manager, Vahit Unal told reporters that the company will invest $50 million to more than double the company’s 2005 car tyre capacity.
“While in 2005 [we attained] exports of $16 million, in 2008 this figure reached $93 million. In the last 2.5 years we have invested $55 million. With additional investment of approximately $50 million related to the production of passenger tyres we will raise our capacity 2.5 times,” he is reported as saying. The commissioning of the additional investment is said to have taken place in the first quarter of 2010.