Çankiri, Turkey — Japan’s Sumitomo Rubber Industries Ltd. (SRI) and Turkey’s Abdulkadir Ozcan Otomotiv AS have started production at their $500 million (€452 million) joint venture tire factory in Cankiri, Turkey.
The plant, which will operate as Sumtomo-AKO Çankiri, will have a daily capacity of 30,000 tires by year-end 2019, with approximately 2,000 employees, the joint venture partners said. SRI owns 80 percent of the venture. Çankiri is a city and province in north-central Turkey, close to Ankara.
Abdulkadir Özcan Otomotiv is the parent of Turkish tire maker Petlas Tyre Industry & Trade Co. and the Turkish importer/distributor of Toyo-, Hankook- and Maxxis-brand tires.
On hand to mark the occasion were: Sumitomo Rubber President and CEO Norifumi Fujimoto; Abdulkadir Ozcan Chairman Mustafa Ozcan; Sumitomo Rubber Industry & Trade Co. General Director Yojiro Miki; Çankırı Governor Vahid Ozcan; Anil Ermut, president of the Investment Support and Promotion Agency of Turkey (ISPAT); and other invited guests and employees.