Sameer mulls tyre factory closure as cheap imports hit market

Sameer Africa is mulling the closure of its Nairobi tyre factory due to increased competition from cheaper car tyres from Asian markets, which has seen the firm record its second consecutive loss.

The tyre maker, owned 72.15 per cent by businessman Naushad Merali, said the planned shutdown of the Mombasa Road plant was because government has made no efforts to curb the dumping of cheaper and low quality tyres in the Kenyan market.