Tigar Tyres

Tigar Tyres
Native name
 Тигар Гуме
Limited liability company
Industry Manufacturing
Founded Pirot, Serbia (October 30, 2002 (2002-10-30))
First founded 1935
Headquarters Pirot, Serbia
Area served
 Worldwide
Key people
 Andre Donzallaz (Director)
Eric Faidy (Director)
Gary Scheide (Director)
Thierry Chiche (Director)
Products Tires
Revenue Increase €258.87 million (2013)[1]
Increase €52.84 million (2013)[1]
Total assets Increase €211.79 million (2013)[1]
Total equity Increase €149.79 million (2013)[1]
Owner Michelin (100%)
Number of employees
 2,172 (2013)[1]
Website www.michelin.rs

Tigar Tyres (full legal name in Serbian Latinic: Preduzeće za proizvodnju guma Tigar Tyres d.o.o. Pirot) is a Serbian tire manufacturing company based in Pirot, eastern Serbia.

History

Tigar Tyres was founded in 1935 in Pirot as a workshop for the manufacture of rubber products and all kinds of footwear. It was longtime part of joint venture company Tigar a.d. from Pirot.

In 2007, the French company Michelin became a major shareholder of the company.[2] In February 2008, Michelin bought the remaining shares of Tigar Tyres for $47 million. With this acquisition, Michelin would become 100 percent owner of the company by 2010.[3]

As of 2012, Michelin plans to invest 170 million euros in production capacity and employ 700 more workers over 5 years.[4] In October 2014, a new plant of the factory, worth 215 million euros, was opened. It should provide a job for additional 500 employees.[5] For this investment, Tigar Tyres received "Aurea" award, given by the business portal eKapija for the best investment in Serbia for 2014 calendar year.[6]

Market and financial data

Tigar Tyres was the fourth biggest Serbian exporter with the total value of exported goods worth 231.4 million euros.[7]

According to the most recent annual financial report submitted to the Serbian Economic Registry Agency, the company has 2,172 employees and it posted an annual profit of RSD 6,057,825,000 (€52.84 million) for the calendar year 2013.[1]

Incidents

On April 23, 2015, six employees were injured by electric shock in the factory plant, of whom three had serious injuries.[8] All three had burns that were covering between 50 and 80 percent of the body. In the next 10 days after the accident, all three workers who were seriously injured died of injuries sustained due to the electric shock.[9][10]

References

  1. 1 2 3 4 5 6 "Basic data from the annual consolidated financial statements for the taxpayer audit for year 2013. year". Serbian Agency for Business Registries (in Serbian). Retrieved 6 June 2014.
  2. ↑ "Francuski "Michelin" preuzima većinsko vlasništvo u "Tigar MH"". ekapija.com. Retrieved 29 March 2014.
  3. ↑ "Michelin buys out Tigar Tyres for $47 million". rubbernews.com. Retrieved 29 March 2014.
  4. ↑ "Michelin ulaže u Tigar Tyres 170 miliona evra". 4gume.com (in Serbian). Retrieved 29 March 2014.
  5. ↑ Велики скок пиротског „Тигра”. politika.rs (in Serbian). Retrieved 10 October 2014.
  6. ↑ Nikoletić, I. "Tigar Tires dobitnik nagrade za investiciju godine". danas.rs (in Serbian) (26 March 2015). Retrieved 23 April 2015.
  7. ↑ "Najveći izvoznici u 2013. godini". siepa.gov.rs (in Serbian). Retrieved 10 October 2014.
  8. ↑ "Pirot: Povređeno šestoro u fabrici". b92.net (in Serbian). Retrieved 23 April 2015.
  9. ↑ "Second Tigar Tyres worker dies in Germany". b92.net. 28 April 2015. Retrieved 30 April 2015.
  10. ↑ "Preminuo i treći radnik "Tigra"". b92.net (in Serbian). Tanjug. Retrieved 2 May 2015.


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