Sameer Africa Limited, formerly under the name Firestone East Africa 1969 Ltd, was established in Kenya in 1969 as a joint venture between Firestone Tyre and Rubber Company of the USA and the Government of Kenya with the aim of producing tyres for the Kenyan and the East African market. The initial production capacity in 1971 was only 400 tyres per day.
In 1985 Firestone Tyre & Rubber Company sold a significant part of their shareholding to Sameer Investments Limited, a Kenyan company. In 1988 when Bridgestone Corporation purchased Firestone Tyre & Rubber Company worldwide, Sameer Investments retained its shareholding in the local outfit. The company got listed in the Nairobi Stock Exchange in 1995, enabling other local investors to buy equity in the company...read more