Tigar a top Serbian exporter

Serbia’s Ministry of Finance and Economy has published its list of the country’s leading exporters in the first quarter of 2013, and the automotive sector was amongst the major contributors in this area. Third on the top exporter list, behind Fiat Automobili Srbija and the Petroleum Industry of Serbia (NIS), was Tigar Tyres.

In April 2012, parent company Michelin announced it would invest 170 million euros in the Tigar Tyres facility in Pirot, several hundred kilometres southwest of Belgrade. With this investment, budget tyre production is rising from its 2012 level of 8 million tyres to 12 million tyres by the end of 2016. The Pirot plant manufactures Tigar, Kormoran and Riken brand budget tyres, with most production shipped to the growing Russian and CIS markets, as well as to markets in Central and Eastern Europe, Africa and the Middle East.