Mitas/CGS Tyres invests after successful 2008

ERJ staff report (DS)

Hanover, Germany - In 2008 Mitas, the agricultural tyre manufacturer, and its CGS Tyres subsidiaries invested in a number of programmes to increase capacities in the radial tyre sector in its plants the Czech Republic following a successful year for the company.

"Growth in market demand has been very strong and meeting this is a core aspect in this context,” said Andrew Mabin sales & marketing director at Mitas as/CGS Tyres.

“That is why, in addition to the investments made, our parent company, the CGS Group, has also implemented measures such as buying the Rumaguma tyre factory from GPX International in Serbia,” he added in the 19 Dec statement.

During 2008 the company launched new radial tyres under the Continental brand name as well as Mitas. The company also markets tyres under the Semperit and Euzkadi brand names.

"For Mitas as and its CGS Tyres subsidiaries, 2008 was a highly successful year," concluded Mabin.