Rumaguma Going Private

Yugoslavian tyre manufacturer Rumaguma is aiming at privatisation. The company produces 11,000 tonnes of tyres annually, mainly bias ply tractor tyres. As well as its own brand, Rumaguma manufactures Continental, Barum, Semperit and Galaxy brands and over 70 per cent of production is exported.

Of these, half are destined for Continental and 10 per cent for Galaxy. 70 per cent of the company will be sold, with a further proportion distributed among employees and some offered for public sale..