ISTANBUL — Türkiye’s two leading tire manufacturers, Brisa and Goodyear Türkiye, are seeking new financing to strengthen their balance sheets as weaker domestic demand and rising financing costs continue to pressure the automotive supplier industry. The move comes amid a challenging operating environment marked by slower vehicle sales, elevated interest rates, and tighter liquidity conditions.
Brisa, the joint venture between Bridgestone and Sabancı Holding, is pursuing additional funding to support working capital requirements and maintain financial flexibility. Goodyear Türkiye is also evaluating financing alternatives as it navigates the same market conditions affecting the broader tire sector.
Industry participants say demand in both the replacement tire market and original equipment (OE) segment has softened in recent months, while higher borrowing costs have increased financing expenses for manufacturers. Companies are therefore focusing on preserving cash flow, managing debt maturities, and securing sufficient liquidity for ongoing operations.
Despite the current headwinds, both companies continue to invest in operational efficiency and production capabilities, positioning themselves to benefit from a recovery in automotive demand once macroeconomic conditions improve.
Analysts note that the financing initiatives reflect prudent balance-sheet management rather than immediate liquidity concerns, as manufacturers across Türkiye’s industrial sector increasingly seek diversified funding sources in response to the country’s high-interest-rate environment.
Source: Patronlar Dünyası/ Prepared by: İlayda Gök