50320 - 09042010
KINGSWAY TYRES LTD plans to invest Sh50 million in a retread production line.
The proposed Nairobi factory, which is a signature project in marking Kingway’s 50 year anniversary, will reduce the cost of tyres by 60 per cent and curb environmental pollution caused by worn out tyres.
The Group’s Managing Director Mr Manoj Shah said the factory will have a capacity to retread 12,000 a year. He said the factory is set to revolutionise the transport industry by reducing the cost of doing business for trucks and bus operators. With the factory truck and bus operators can return worn out tyres, for retreading and save upto 60 per cent that could have been spent to buy new tyres.
The plant, which is in its final phase of completion will be the fourth in Africa.
KINGSWAY TYRES LTD plans to invest Sh50 million in a retread production line.
The proposed Nairobi factory, which is a signature project in marking Kingway’s 50 year anniversary, will reduce the cost of tyres by 60 per cent and curb environmental pollution caused by worn out tyres.
The Group’s Managing Director Mr Manoj Shah said the factory will have a capacity to retread 12,000 a year. He said the factory is set to revolutionise the transport industry by reducing the cost of doing business for trucks and bus operators. With the factory truck and bus operators can return worn out tyres, for retreading and save upto 60 per cent that could have been spent to buy new tyres.
The plant, which is in its final phase of completion will be the fourth in Africa.
