# Prometeon Tyre Group invests R$60 million in Santo André plant

Prometeon Tyre Group announced a R$60 million investment in its Santo André, Brazil plant to expand production of Agro Radial tires by 20% and create about 150 direct and indirect jobs. R$55 million is for equipment and hiring, and R$6.5 million for a Test Center Latam expansion.

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

## Companies

- [Prometeon Tyre Group](https://endata.com/companies/55284.md)

## Sources

- [cimm.com.br](https://www.cimm.com.br/portal/noticia/exibir_noticia/22307-prometeon-type-group-anuncia-investimento-60-milhoes-santo-andre-sp), 2022-04-11: "A Prometeon Tyre Group anunciou na última quinta-feira (7) que vai investir R$ 60 milhões na unidade de Santo André."

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