Rubber Report - 8 August 2018 Rubber Report - 8 August 2018 | DZHI - DZH International 

Rubber Report - 8 August 2018

  • i2Matrix
  • 8 August 2018
Sumitomo Rubber’s truck and bus tyre plant starts production
Sumitomo Rubber South Africa (SRSA), manufacturer of the Dunlop tyre brand, has officially started production at its truck and bus radial (TBR) tyre manufacturing plant in Ladysmith, KwaZulu-Natal.
Japanese company Sumitomo Rubber Industries, the world’s fifth-largest producer of automotive tyres and industrial rubber products, acquired a South African tyre manufacturing plant in December 2013, resulting in the birth of SRSA.
The acquisition facilitated the procurement of an established manufacturing location in Africa, as well as control of the Dunlop brand rights for the entire continent.
In 2014 SRSA announced the first phase of a multibillion-rand investment, focused on the upgrading and modernisation of the plant’s capacity, and introducing new technology and equipment aimed at increasing manufacturing output of passenger and sports-utility vehicle tyres.
In 2016 a further R970-million was injected into the underutilised land adjacent to the existing plant, with the purpose of enabling SRSA to introduce and manufacture TBR tyres locally.
The factory employs 1 060 people, with more than 80% of the workforce hailing from Ladysmith and surrounding areas. Employment has been created for 193 additional employees since the start-up, including 118 in-service trainees, learnerships, graduates and apprenticeships.
The factory aims to eventually have the capability to manufacture enough tyres a day to meet TBR customer demand of Dunlop and Sumitomo branded tyres for both the replacement and original equipment market across the whole of Africa.
SRSA does not state what this volume would be, neither does it divulge current production volume.
“The total size range will be completed by September 2019, however, our customers will not have to wait until this period to experience our top of the range TBR product, with sales of TBR tyres set to commence in the fourth quarter of this year,” says SRSA CEO Riaz Haffejee.
--Creamer Media



For more Rubber and Crude Palm Oil reports that includes twice daily prices & other news reports, you can purchase the subscription here.


Benny Lee

Founder of i2Matrix. A market strategist, private trader and sought-after financial speaker and trainer in the Asian Region, Benny Lee has coached hundreds of professional and retails traders and investors in Malaysia, Singapore, Hong Kong, Thailand, Vietnam, Pakistan for more than 13 years. His passion in trading and chart analysis leads him to develop trading strategies that have helped him and many others to trade and invest successfully in the financial markets.

Benny Lee is recognized by the Malaysian and Singapore Stock Exchange as a Credible Trainer. He has also trained professionals in Malaysia under Securities Commission’s Continuous Professional Education (CPE) Program. He is also a market strategist Jupiter Securities Sdn Bhd, a Malaysian stock-broking firm.

Benny has been invited to share his expert opinion in major commodities and financial events in Malaysia, Singapore, India, Indonesia, Vietnam, Thailand, and Romania. His analysis on the financial markets can also be found on a regular basis in leading financial magazines like Smart Investor, Shares Investment Magazine and The Edge Daily in Malaysia, and Pulses Magazine in Singapore. He has also appeared on TV Financial Programs such as Capital TV (Malaysia), Channel News Asia (Singapore) and Sunbiz (Pakistan) to share his views about the markets and technical analysis.

Today, you can find his market comments regularly on The Financial Edge Daily (Wednesdays), Interview on BFM89.9 ( business radio station on Mondays at 9.00 am, The Busy Weekly, a Chinese business weekly and Palm Oil Fortune (A monthly magazine by the Malaysian Palm Oil Council, MPOC). His views are also regularly quoted on Bloomberg.

For more information, you can visit them at