Petlas, a leading Turkish tire manufacturer, has recently announced its plans to invest $360 million in the construction of a new production facility for light vehicle tires. This move is set to boost the company's capacity by 42%, reaching 340,000 tons, and create approximately 1,850 new jobs.
Petlas, a leading Turkish tire manufacturer, has recently announced its plans to invest $360 million in the construction of a new production facility for light vehicle tires. This move is set to boost the company's capacity by 42%, reaching 340,000 tons, and create approximately 1,850 new jobs.
The new facility will have the most cutting-edge tyre production technologies when it opens in 2024–25, with construction beginning in 2023. This will reinforce Petlas' position as the top tyre exporter from Turkey and the largest tyre manufacturer in the region with a single location.
The expansion is a significant milestone for Petlas as it demonstrates the company's commitment to growth, innovation, and maintaining its position as a leader in the tire manufacturing industry. The investment in the new production line will enable Petlas to reach new markets and strengthen its global business.
The development is a crucial turning point for Petlas as it shows the company's dedication to expansion, innovation, and upholding its position as a market leader in the tyre manufacturing sector. Petlas will be able to expand its global operations and enter new markets thanks to the investment in the new production line.
Industry professionals and investors have reacted enthusiastically and positively to the news of Petlas' development intentions. The success of the company has been attributed to its commitment to innovation and growth, and the new production facility is anticipated to strengthen Petlas' position as a significant participant in the worldwide tyre manufacturing industry.
