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- Product News
- 21 November 2024
Sumitomo Rubber South Africa (SRSA), part of global tyre and rubber company Sumitomo Rubber Industries, has invested more than R2.1 billion in a “state-of-the-art”, purpose-built 180 000 m2 tyre manufacturing facility.
The facility includes a truck, bus and radial factory, as well as an upgraded passenger car, sports-utility vehicle and light truck tyre manufacturing component.
The new factory in Ladysmith, KwaZulu-Natal, aims to increase manufacturing output to meet any arising needs in the province and to improve its products and grow its market share across its Dunlop, Falken and Sumitomo brands.
“Over the next few months and years, we aim to ramp up local production and investment and increase our impact on creating employment in South Africa. We recently agreed to a phased investment over the next five years with our shareholders, Sumitomo Rubber Industries.
“The plan entails investing in machinery and systems that will ensure that we have capability locally to meet the requirements of original-equipment manufacturers, gain efficiencies to better serve the local market and create a better and safer experience for motorists on the road,” said SRSA CEO, Lubin Ozoux.
Leading used car trader, WeBuyCars, which listed on the JSE in April this year, is expanding its business focus to include third party sales and is rapidly expanding its vehicle supermarket and buying pods presence in South Africa.
The Isuzu Foundation, in collaboration with IRONMAN4theKidz, donated R250 000 to three Mossel Bay charities dedicated to uplifting vulnerable youth, families and individuals in need.
Hino South Africa has handed over four mobile offices to the Gauteng Government Roads and Transport Department, which are to be used as Smart Driving Licensing Testing Centres by the Road Traffic Management Corporation (RTMC).