(From the Nov. 14, 2011, issue of Rubber & Plastics News)
DUBAI, United Arab Emriates—Zafco Trading L.L.C. said it has purchased the Zeetex tires, batteries and lubricants brand from S&H Tyres B.V. of the Netherlands.
Zafco will be the sole distributor of Zeetex, a brand launched in 2005 and jointly held since then by Zafco and S&H. The line covers tires suitable for on, off-road and high-speed driving, as well as industrial operations, Zafco said.
K.V. Gopiraj, CEO of Zafco, said the distributor of automotive tires, batteries and lubricants will focus on France, Germany and the United Kingdom, the largest tire markets in Europe.
“We plan to quadruple our current revenue in the next four years and are confident that we will be able to achieve this target,” the executive said.