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Sameer shuts down Nairobi tyre plant in favour of imports
A worker at the Sameer plant on Mombasa Road, Nairobi. The firm will now outsource its tyres from producers in low-cost China and India PHOTO | FILE
Sameer Africa has closed its Yana tyres manufacturing factory in Nairobi citing increased competition from cheaper imports, dealing yet another blow to Kenya’s ambition to industrialise.
The company, through a notice to the Capital Markets Authority (CMA), said its board had decided to discontinue local tyre production at its factory on Nairobi’s Mombasa Road.
