# Prometeon invests R$60 million in Santo André tire factory

Prometeon announced an investment of R$60 million in its factory in Santo André, Brazil. The funds will be used for a new testing center (R$6.5 million) and to expand production capacity of Agro line tires by about 20% annually (R$55 million).

- Type: Investment
- Announced: 2022-04-13
- Where: Santo André, São Paulo, Brazil
- Value: $11.5M (60.0M BRL)
- Status: announced
- Capacity: 20% annual production increase for Agro tires
- Products: Agro line tires
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Prometeon](https://endata.com/companies/57378.md)

## Sources

- [automotivebusiness.com.br](https://www.automotivebusiness.com.br/noticias/prometeon-investira-r-60-milhoes-na-fabrica-de-santo-andre), 2022-04-13: "Buscamos atender à crescente demanda do mercado de agro."

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