RUMA, Serbia (March 20, 2012)—Off-highway tire maker Mitas a.s. is spending $5 million to upgrade its agricultural tire factory in Ruma in large part to improve its supply possibilities with Russia.
The investment will go in part to expanding capacity for large radial tractor and combine tires, Mitas said, which are used widely by Russian farmers.
“The Ruma factory takes advantage of the Free Trade Agreement between Russia and Serbia,” Mitas CEO Jaroslav Cechura said, pointing out the factory is strategically placed to supply the Russian Federation.
The Ruma factory was built in 1981; Mitas acquired it in 2008 from GPX International Tire Corp., whose predecessor company, Galaxy Tire & Wheel Inc., had bought it five years earlier.
Mitas recently obtained ISO 9001 status for the Ruma plant from SGS and is working toward getting ISO 14001 environmental management system certification this year.
Part of CGS a.s. Holding of Czech Republic, Mitas makes and sells tires under the Mitas, Cultor and Continental brands, the latter under license to Continental A.G.