PETLAS, the leading domestically-owned company in the Turkish tire industry, achieved its highest monthly export figure to date in August 2021 and reached a record high with exports worth $39 Million monthly. PETLAS renewed its annual export target of $280 Million and 40 percent with this record. PETLAS increased its monthly export tonnage to more than 10,000 tons in August and exported 500,000 tires to world markets.
PETLAS, the leading domestic capital company of our country's tire sector, which operates within Turkey's domestic capital industrial power AKO Group, achieved its highest monthly export figure to date in August 2021 and provided $39 million in export revenue to the Turkish economy.
PETLAS increased its monthly export tonnage to more than 10,000 tons in August and exported 500,000 tires to world markets.
Export Growth Target 40 percent and 280 Million Dollar Turnover
PETLAS, which has gained great attention in world markets with its high-tech products, has export markets spanning 120 different countries on 6 continents, including countries with large-scale automotive industries and markets such as the USA, Germany, and Italy. PETLAS, which has been able to maintain its export figures to a large extent despite the global health crisis in 2020 and exports at the level of approximately 200 million dollars, also revised its 2021 export growth target from 25 percent to 40 percent.
AKO Group Board Member Abdulkadir Özcan
Aggressive targets in the U.S. market
PETLAS is also moving with aggressive targets in its exports to the U.S. market. PETLAS, which aims to increase its exports to the U.S. market to $100 million in the medium-long term and to achieve rapid and lasting growth with the competitive advantage provided by its high-tech products, continues its $60 million investment in this direction.
Abdulkadir Özcan added that the regions where PETLAS exported the most in August were North America, South America, and Europe, and exports were carried out with nearly 1000 containers and trucks.
$700 million investment
Özcan said, “