Societe Tunisienne des Industries de Pneumatiques
BBVMT:STIP7.21
TND
+0.31
(+4.49%)
Societe Tunisienne des Industries de Pneumatiques
BVMT:STIP
(Tunis Stock Exchange)
Recent
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7.21
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ROIC.AI
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- Societe Tunisienne des Industries de Pneumatiques (STIP) is a Tunisia-based manufacturing company specializing in the design, production, commercialization, and distribution of tires and rubber products for automotive, transport, agricultural, and industrial sectors. As the sole tire manufacturer in Tunisia, the company markets its products primarily under the Amine brand and offers a comprehensive portfolio across multiple segments: passenger car radial tires for standard passenger vehicles, compact cars, and sport utility vehicles, including models such as Corona, Palma, Atlas, SCV, and P4; light commercial vehicle tires engineered for vans, minibuses, and light utility fleets; heavy-duty commercial tires for trucks, tractor-trailers, and public transit buses; agricultural tires designed for farm tractors, harvesters, and agricultural machinery; off-the-road and civil engineering tires developed for earthmoving, excavation, and heavy construction equipment; industrial vehicle tires tailored for forklifts and material handling machinery; and supplementary rubber solutions including inner tubes, tire flaps, and technical after-sales support services. Founded on July 21, 1980, and listed on the Tunis Stock Exchange, STIP is headquartered in Tunis, Tunisia, and operates two primary production facilities located in M'saken and Menzel Bourguiba. The company operates under the majority ownership of Africa Holding and manages commercialization and distribution activities through subsidiaries such as Societe Maghrebine de Commercialisation de Pneumatique, Societe Maghrebine de Commercialisation de Pneumatique Plus, and SMTP Amine, serving automotive replacement markets, fleet operators, and industrial enterprises across Tunisia as well as international export markets in North Africa, Sub-Saharan Africa, the Middle East, and Southern Europe, including Algeria, Libya, Morocco, South Africa, Sudan, Saudi Arabia, Italy, and France. In recent operational and corporate developments, STIP has implemented extensive operational and financial restructuring programs to navigate global raw material supply disruptions and enhance operational resilience. Following strategic temporary production curtailments and inventory rationalization in 2024, the company executed cost-reduction measures and streamlined operating expenditures, returning to net profitability in 2025 and achieving top-line revenue growth in 2026. STIP continues to advance modernization across its M'saken and Menzel Bourguiba manufacturing facilities, optimize raw material procurement strategies, and reinforce commercial partnerships across regional export corridors.