ERJ staff report (TB)
Fazenda Rio Grande City, Brazil (Feb. 16, 2012) - Sumitomo Rubber Industries Ltd. (SRI) has broken ground on its car tyre factory in Fazenda Rio Grande City, a R$ 560 million (euro 250 million) project that's supposed to be on stream by the fourth quarter of 2013.
The 5.38-million-sq.ft. plant, with a projected capacity of 15,000 car tyres a day, will be built on a 500,000 m2 site in Brazil's Parana State, southwest of Sao Paulo.
SRI President and CEO Ikuji Ikeda presided over the Jan. 27 ceremony attended by about 120 guests, including the governor of Parana State, the mayor of Fazenda Rio Grande City, the Japanese consul general in Curitiba and others.
A new company, Sumitomo Rubber do Brasil Ltda., will oversee the construction and operation of the factory.
SRI said the factory will help it meet â€œrapidly expandingâ€ auto industry in Central and South America.
From Tire Business (A Crain publication)
Press release from SRI