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Article: Rise of the independent groups
- Article from:
- European Rubber Journal
- Article date:
- November 1, 1997
CopyrightCOPYRIGHT 1997 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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When the 1997 global Top 50 tyre company rankings are published next year, the name 'Tofan' will debut among the top 35 companies, boasting sales of more than $200 million.
'Who?' or 'What?' is Tofan, many will ask.
What started out six years ago as a handful of retail locations and later a Bandag retreading franchise has grown into a tyre manufacturing and distribution company boasting more than two-thirds of Romania's manufacturing capacity and annual sales of $200 million.
Tofan Grup SA is a privately-owned Romanian enterprise, founded and directed by 37-year-old Georghe Tofan, who quietly has bought majority control of Romania's three largest tyre ...