Italian tire manufacturer Prometeon has announced its plan to invest $115 million in its plant in Turkey until 2020.
The annual tire production capacity at the Turkish plant will increase by 75 percent by 2020 and export to foreign markets will almost double from current levels and make an important contribution to the trade balance of the country.
Prometeon said that it will further strengthen the position of Turkey as one of the largest suppliers of Europe in the industrial tire group.
The fresh investment of the company is expected to add 150 to the 2,000 employees of its staff in the country directly.