Native name Тигар Гуме Area served Worldwide Headquarters Pirot, Serbia Founded 1935 Net income 52.84 million EUR (2013) | Industry Manufacturing Products Tires Owner Michelin (100%) Revenue 258.9 million EUR (2013) Total assets 211.8 million EUR (2013) | |
 | ||
Type Limited liability company Key people Andre Donzallaz (Director)
Eric Faidy (Director)
Gary Scheide (Director)
Thierry Chiche (Director) Subsidiaries Tigar Slobodna Carinska Zona A.d., Pirot | ||
Case tigar tyres dream factory for total material flow control
Tigar Tyres (full legal name in Serbian Latinic: Preduzeće za proizvodnju guma Tigar Tyres d.o.o. Pirot) is a Serbian tire manufacturing company based in Pirot, eastern Serbia.
Contents
Tigar tyres magacin logistike 08122016
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.
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.
As of 2012, Michelin plans 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 should provide a job 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.
Market and financial data
Tigar Tyres was the fourth biggest Serbian exporter with the total value of exported goods worth 231.4 million euros.
According to the most recent annual financial report submitted to the Serbian Economic Registry Agency, the company has 2,172 employees and it posted an annual profit of RSD 6,057,825,000 (€52.84 million) for the calendar year 2013.
Incidents
On April 23, 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.