# Prometeon to invest R$60M in Santo André tire plant expansion and lab

Prometeon Type Group announced a R$60 million investment in its Santo André unit, including R$55 million to expand production of Radial Agro tires by 20% and R$6.5 million for a new indoor Test Center Latam. The expansion will create about 150 direct and indirect jobs.

- Type: Expansion
- Announced: 2022-04-07
- Where: Santo André, Brazil
- Value: $12.0M (60.0M BRL)
- Jobs: 150
- Status: announced
- Capacity: 20% increase in production of Radial Agro tires
- Products: Radial Agro tires
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Prometeon Type Group](https://endata.com/companies/62199.md)

## Sources

- [abcdreal.com.br](https://abcdreal.com.br/prometeon-type-group-anuncia-investimento-de-r-60-milhoes-em-santo-andre/), 2022-04-08: "Com isso, planejamos ampliar em 20% nossa produção de pneus Agro Radial."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.