The owner of Dunlop Tyres SA, Japanese giant Sumitomo Rubber Industries , is backing a R1.7 billion investment into the expansion of the local tyre production industry.
“With the backing of our parent company, we are investing significantly into our passenger car radial production facility to make a larger impact in the automotive industry,” says SRSA CEO Lubin Ozoux. “At the same time, it gives us the opportunity to continue our investment in our local community and municipality, creating a vibrant environment for us all to thrive [in].”
Minister of Trade, Industry and Competition Ebrahim Patel says the investment is a welcome boost for the local automotive industry as it will help increase production, factory output and jobs.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: