BRISA announces $285m investment plan

ERJ staff report (DS)

Istanbul, Tuirkey — Iin announcing its annual results for 2010, Turkish tyre maker BRISA has announced investments of $285 million over four years. The investments wil largely be spent on maintenance and upgrades at the company factory in Izmit, Turkey.

Sales for the 12 months to December 2010 reached TL 980 million (euro 433 million) up from TL 776 million a year earlier.

Earnings (EBITDA) grew to TL 123.3 million (euro 54.5 million) from TL 104 million.

BRISA said domestic…

To read more,please login or register below.

This is the first step to more free
content, user offers, subscriptions
and more.
Log in here using the Email Address
and Password you signed up with