Sumitomo to build second Indonesian tire plant

OSAKA, Japan (Aug. 18)—Sumitomo Rubber Industries Ltd. will build a second tire plant in Indonesia in the next two years and expand capacity at its first one there by a third. Sumitomo has budgeted $92 million for the new facility, which will have a daily capacity for 10,000 passenger tires by year-end 2002, a company spokesman said. The location was not disclosed. Sumitomo´s Indonesian subsidiary, PT Sumi Rubber, also will spend $18.5 million to increase the capacity of its 3-year-old plant at Cikampek, Karawang, to 6,000 radial tires a day from 4,500, the spokesman said.