On September 18th,the Sumitomo Rubber Group held the groundbreaking ceremony for our first tire factory in Turkey,Sumitomo Rubber AKO Lastik Sanayi ve Ticaret A.S. (SAT),at the factory's planned construction site in Cankiri Province.
In whole,fifty people took part in the groundbreaking ceremony,including representatives from the industrial complex in which the factory is being built,President Ikeda of Sumitomo Rubber Industries,President Fujimoto of SAT,Chairman Ozcan of Abdulkadir Ozcan and many more.
Turkey,with its steady economic growth,is not only a market with a growing demand for automobile tires,but also features the geographical advantage of being strategically located near to markets in Europe,the Middle East,North Africa and Russia.
With the planned start of production at our new Turkey Factory in July of 2015,the Sumitomo Rubber Group will strengthen our supply system for Turkey and other nearby markets,and so take another big step in the expansion of our tire business on a global scale.
Company Name
:
Sumitomo Rubber AKO Lastik Sanayi ve Ticaret A.S.
Representative
:
Norifumi Fujimoto
Location
:
Cankiri Province,Republic of Turkey
Establishment
:
February 2013
Business Scope
:
The production and sale of radial tires for automobiles.
Capital Investments
:
Approx. 500 Million US$ (Approx. 47.5 Billion Yen)
Capitalization
:
Approx. 30 Million US$ (Approx. 2.9 Billion Yen) (Initial)
Capital Structure
:
Sumitomo Rubber Industries: 80%
Abdulkadir Ozcan Lastik Sanayi ve Ticaret A.S.: 20%
Sumitomo Rubber Industries, Ltd. is a Japan-based tire manufacturer. The Company operates in three business segments. The Tire segment manufactures and sells tires and tubes for automobiles, construction vehicles, industrial vehicles, race rallies and motorcycles. The Sports segment is engaged in the manufacture and sale of sports items, including golf clubs, golf balls and other golf-related supplies, and tennis-related supplies, as well as the operation of golf tournaments, golf and tennis schools and fitness center. The Industrial Products and Others segment offers vibration suppression dampers, printing blankets, medical precision rubber, slope for wheelchair, and fenders, among others.