The Southern Rubber Industry Joint Stock Company (Casumina) on January 5th, reached an agreement with its US partner to export about 200,000 tyres (worth nearly US$57 million) to the US market, in 2015.
A representative from Casumina said that aiming to obtain the order, since 2014, the company renewed technology and invested in the production of all-steel radical tyres.
The production of the new tyres created opportunities for the company to go hi-tech in its production techniques and to reject products with less competitive capacity than others imported from overseas.
Together with the new product, Casumina will expand exports to new markets and stabilize domestic market share for traditional tyre products with a density of 35 percent of total revenue in 2015, a 7 percent rise against 2014
Source: VCCI