ERJ staff report (DS)
Ankara - Turkish tyre maker BRISA recorded full-year sales of TL 980 million (euro 400 million), up 26 percent on the previous year. Earnings (EBITDA) increased to TL 123 million from TL 104 million a year ago.
The company said it is currently in the process of investing TL285 million (euro 116 million) to improve its capacity and maintain its equipment. This sum will be spent in the period from 2010 to 2014.
The company said its sales of winter tyres increased, taking around 20 percent of the domestic market. Turkey's domestic replacement market for passenger car tyres is estimated at 1 million units.
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Press release from BRISA (Turkish language)
Above Press release auto-translated from Turkish