Tigar Tyres

Tigar Tyres (full legal name: ''Preduzeće za proizvodnju guma Tigar Tyres d.o.o. Pirot'') is a Serbian tyre manufacturing company based in Pirot, eastern Serbia. Since 2007, it is owned by the world's largest tyre manufacturer Michelin.

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. After the second world war, the company was nationalized by new Communist authorities.

In 2007, the French company Michelin became a major shareholder of the company. 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.

In 2012, Michelin planned to invest 170 million euros in production capacity and employ 700 more workers over 5 years. In October 2014, a new plant of the factory, worth 215 million euros, was opened. It has provided an employment for additional 500 employees. For this investment, Tigar Tyres received "Aurea" award, given by the business portal ''eKapija'' for the best investment in Serbia for 2014 calendar year.

As of April 2016, the company had around 3,000 employees. From 2013 to 2016, Tigar Tyres has invested 215 million euros in factory's modernization and construction of new facilities.

Market and financial data

In 2013, Tigar Tyres was the fourth biggest Serbian gross exporter (not counting imports by the company) with the total value of exported goods worth 231.4 million euros. Since then, Tigar Tyres has established itself as one of three biggest Serbian gross exporters, being the third biggest exporter in 2014 (233 million euros of exports), 2015 (291 million euros) and 2016 (315.7 million euros).

According to the 2018 financial report submitted to the Serbian Economic Registry Agency, the company has 3,388 employees and it posted an annual profit of €40.86 million for the 2018 calendar year. Tigar Tyres finished the 2018 calendar year as the fourth biggest Serbian gross exporter with 388.9 million euros worth of exports.

Incidents

On 23 April 2015, six employees were injured by electric shock in the factory plant, of whom three had serious injuries. 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.

At the beginning of 2022, residents of Pirot and the surrounding area came out against the Tigar plant. They filed a complaint with the Institute of Public Health, in which they pointed out the strong noise and vibrations coming from the factory and making it difficult to fall asleep. It seemed as if a centrifuge was working or an airplane was flying in a circle. Citizens referred to the law on protection from noise in the environment. According to the law, manufacturing facilities are required to control noise and contribute to noise protection costs. The inspectors visited the Tigar plant with an extraordinary inspection. A month passed after the check, but the problem remained. People noted that unpleasant noises and vibrations faded somewhat, but they are still felt every day. People demanded more decisive action from the authorities, and from the plant to replace the lattice fence with soundproof panels.«Шины Tigar»
Tigar tires"(in Russian) - autoset.by, 30 August 2022

See also

* Automotive industry in Serbia

References

External links

* {{official website, http://www.michelin.rs

1935 establishments in Serbia
Companies based in Pirot
D.o.o. companies in Serbia
Automotive companies established in 1935
Manufacturing companies of Serbia
Serbian brands
Tire manufacturers of Serbia