Sameer to start making gumboots
The company has faced rising production costs and increased competition in the tyre market that has muted its sales and profit over the past five years.
The company is now looking to expand its product range to include footwear, molded rubber items and hoses as it eyes a larger share of the African market including DR Congo, Malawi and Southern Africa.
Managing Director Michael M Karanja said the products will be in addition to about other five types of tyres they are looking to introduce into the market this year.
“We are diversifying to other markets, and looking at what other rubber products we can add to our product range,” added Mr Karanja at the firm’s AGM on Friday.
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Times must be tough!
GOD BLESS YOUR LIFE