Turnaround for Dunlop Africa
African tyre maker Dunlop has seen a turnaround in its fortunes, turning a loss of $18.3 million (20.23 million Euro) into a profit of $25 million (27.
64 million Euro) in the first half of the year. Sales have increased by 52 percent from $577 million (637.85 million Euro) to $879.
6 million (972.31 million Euro). Developments at Bulawayo and Harare, new radial tyre ranges and the development of the Common Market for Southern Africa indicate that the improvements should continue for the foreseeable future.
Kenyan tyre chain Kingsway Tyres has signed a deal with Dunlop to the exclusive distribution rights to Dunlop tyres and tubes. Dunlop hopes the move will bring its products closer to the Kenyan market..
Comments