Continental Tyre South Africa says it will invest between R300 and R320 million in its Port Elizabeth facility this year.
Engineering New quotes Marketing and Sales GM Shaun Uys as saying the focus will be on increasing energy efficiency as the electricity price in Port Elizabeth “has gone through the roof”.
In addition, the funding will be for the expanded production of run-flat and 4x4 tyres, with the latter specifically aimed at the SUV market.
Uys says the company has a “wish list” for 2015 of another R200 million that will be aimed at supporting its tyre production for local vehicle assemblers.
The current investment will see the company grow passenger car, 4x4, light truck and light commercial vehicle tyre production to 3.6 million tyres a year.
The Port Elizabeth facility has now also started producing the General Tyre range.
