German horse tires invested 210 million US dollars to expand Brazilian tire factory

Tire plant capacity doubles in 5 years;

· Investment project is one of the development strategies of the world tire business of the company's brand tires;

· The current number of employees is 1,150, and 400 new jobs will be created. Brazil’s market share will reach a record high.

May 2011 - The world-renowned auto parts supplier, the world-renowned tire manufacturer, German Ma Tire, will invest USD 210 million to expand the tire factory in Kaismari, Bahia, Brazil. Matthias Schönberg, chief operating officer of the company's American tires (Americas), said: "This investment project is one of the development strategies of the company's brand tires. It aims to significantly improve the performance of the tire products of the company's tires in the world - in particular, the gold bricks. The operating results of the four countries. By 2015, the production capacity of the Kumasiari tire plant will double.” In 2010, the production of German-branded tire production plants was 4.5 million car tires and 350,000 truck tires. This year's production exceeded a new high, producing 5 million car tires and 450,000 truck tires.

Renato Sarzano, the general manager of the company's tire tyres company in Latin America, explained: "In 2004, we injected the first investment in the project - 260 million U.S. dollars. Now we are investing in the second wave of investment to increase production. To meet the market demand in the North American Free Trade Zone (including the United States, Canada, and Mexico). Brazil in Latin America is close to the North American Free Trade Zone, and its market position is very important.”

Pedro Matos, general manager of the Kaimasari tire factory, said: “With this investment, we can install new equipment, optimize processes, add 400 jobs, and benefit the market development in the entire region.” This tire factory was established in 2006. Formally put into production in April, with a total area of ​​8,611,128 square feet, there are now 1,150 employees. At the time of initial planning, space for expansion was already reserved.

German brand tires sponsored the 2014 World Cup in Brazil. This expansion project also provides a good guarantee for further growth in future capacity. In 2010, the market share of German-branded tires in Brazil reached a new record (the market for spare tires for passenger cars and light trucks). The increase in the operating performance of the Brazilian market is also impressive - the sales of passenger car tires and truck tires have increased by 25% and 38% respectively compared to 2009. In 2010, the sales of the global passenger car and light truck tires of German brand tires reached 100 million.