Tanzania planning for General Tyre revival, minus Continental

26th April 2016 | 0 Comments
 

Prelude to a new era of production or the Tyre Maker Who Cried Wolf? News out of Tanzania suggests that General Tyre East Africa Ltd. (GTEA) may be ready to start making tyres again, something it hasn’t done for close on a decade. And while Tyrepress.com reported on moves to recommence production several years ago and has followed the often bitter negotiations between minority shareholder Continental AG and Tanzania’s government since 2007, this time the decision to restart tyre manufacture lies with one party alone.

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Category: International News

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