Tunisian Tire Industry Company (STIP) Reports 3% Increase in Revenue in Q2 2024
The Tunisian Tire Industry Company (STIP) has recorded a 3% increase in its revenue during the second quarter of 2024.
Production Down 40% Due to Storage Constraints
Despite the revenue growth, the company's production has decreased by 40% compared to the same period in 2023. This reduction is attributed to partial operational shutdowns and voluntary production slowdowns due to insufficient local storage capacity for finished products.
Trigeneration Project Nears Completion
STIP has almost completed its trigeneration project, with 95% of the work finished. This innovative system, which combines heat, electricity, and cold production, is scheduled to start on August 12, 2024. It is expected to significantly improve the company's energy efficiency, reducing costs and carbon footprint.
STIP Maintains High Quality and Environmental Standards
The company has renewed its ISO 9001 V 2015 and ISO 14001 certifications, maintaining its high standards in quality and environmental management. These certifications are essential for ensuring compliance with international standards and reinforcing customer and partner trust.
New ERP System in Testing Phase
STIP has finalized the configuration of all modules of its new ERP system, which is currently in the testing phase. This integrated resource management system is designed to optimize operations, improve process efficiency, and provide better performance visibility.
Calipro Quality Control System Now Operational
The new Calipro quality control system is now operational, enabling rigorous monitoring of product quality, ensuring that tires meet the most stringent standards.
STIP Pursues International Expansion with Imetro Certification
As part of its strategy to expand into international markets, STIP has engaged in the Imetro certification process, which is essential for exporting to Latin American countries.