Sumitomo Rubber : Unveils New Investment Plan at the Opening Ceremony of Its South African Subsidiary’s New Head Office
October 09, 2014 at 01:12 am EDT
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Seeking to enhance its production and sales capabilities on the African continent, SRI completed the acquisition of Apollo Tyres South Africa in December of 2013, launching its new business in Africa under the name Sumitomo Rubber South Africa.
Having relocated SRSA's head office from its previous location in South Durban to a new location in North Durban in order to strengthen the company's administrative and sales functions while also improving operational efficiency, SRI held an opening ceremony for the new head office on October 2 nd , inviting some 65 representatives from the local government and major business partners.
At the opening ceremony, President Ikeda of SRI announced an investment plan involving 1.1 billion rand (approx. 11 billion yen) of investments in SRSA's South Africa Factory. These investments aim to enhance the factory's production capacity from its current 9,600 tires/day to 12,200 tires/day in 2016 and 14,500 tires/day in 2017 while also improving product quality by focusing on production of high-performance tires. As a result, the Sumitomo Rubber Group will expand its tire sales business throughout the African continent and accelerate the pace of its global expansion.
Head Office Location
:
Durban, KwaZulu-Natal, Republic of South Africa
Representative
:
Riaz Haffejee
Primary
:
Manufacture and sale of tires for passenger cars and light trucks.
Business
:
Manufacture and sale of tires for trucks and buses.
Employees
:
Approx. 1,100
Location
:
Ladysmith, KwaZulu-Natal, Republic of South Africa
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.