November 6, 2018 / 7:35 AM / in 15 days

CORRECTED-Tyre producer Prometeon to invest $115 mln in Turkey until 2020 -statement

(Corrects name of company in second paragraph)

ISTANBUL, Nov 6 (Reuters) - Industrial tyre producer Prometeon will invest $115 million in Turkey until 2020 to increase its production capacity, the company said in a statement on Tuesday.

The company will increase the capacity at its factory in the northwestern province of Kocaeli by 75 percent, it said. Prometeon is run by China’s state-owned ChemChina company. (Reporting by Can Sezer Writing by Ali Kucukgocmen)

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