• Twitter
  • Facebook
  • Instagram
  • Subscribe
  • Free Newsletter
  • My Account
Tyrepress
  • 0Shopping Cart
  • NewsNews
    • Latest News
    • Company News
    • UK News
    • Product News
    • International News
    • Retreading
    • Career Tracks
    • Motorsport
    • Video
    • Tyrepress Videos
  • Data
    • Leading Tyre Manufacturers
    • Leading Retailers (UK)
    • Social Media Ranking
    • Online Branding
    • Brand Finance rankings
    • Blue Light Fleet Analysis
    • Astutus Research analysis
    • Beyond Covid-19 Tire Market Forecasts
  • Features
    • Goodyear to buy Cooper – special supplement
    • TPMS and Sensor Technology 2021
    • Tyre Industry Conference 2020
    • Online Tyre Business 2020
    • Kick-starting your business webinar May 2020
  • Business Directory
    • Browse Entries
    • List Your Company on the Business Directory
  • Jobs
    • Situations vacant
    • Career Tracks
  • Classifieds
  • Magazine
    • Latest Issue
    • Read Tyres & Accessories Magazine online
    • Tyres & Accessories Magazine Archive
  • Shop
    • Subscription Shop
    • Report Shop
    • Directory Shop
  • About
    • Company Profile
    • Media Information
    • Frequently Asked Questions (FAQs)
    • Legal
    • Contact Us
  • Tyre Tests
  • Search
  • Menu
You are here: Home1 / News2 / Sumitomo, Stamford to open Falken sales company in India

Sumitomo, Stamford to open Falken sales company in India

Date: 9th August 2012 Author: Tyrepress Editors Comments: 0

Japanese tyre maker Sumitomo Rubber Industries and Singapore’s Stamford Tyres Corporation have announced plans to establish a joint venture sales company in India. The operation, Falken Tyre India Private Limited, will start business in April 2013 and be 60 per cent owned by Sumitomo Rubber subsidiary Sumitomo Rubber Asia (Tyre) PTE. Ltd, with Stamford owning the remaining share. Falken Tyre India will focus on India’s replacement tyre market; Sumitomo says it will supply tyres that “meet the local needs.”

Capital of Rs 550 million (£6.4 million) is being invested in the new sales company. Falken Tyre India will employ some 70 people, however the head company representative has yet to be named. 

Related news:

  • Stamford enters winter market

  • Stamford Tyres announces 6.7% sales growth

  • Sumitomo’s second Chinese plant enters service

  • Lower domestic demand prompts Japan’s tyre makers to look abroad

Related news:

  1. TyrexpoAsia Reports ‘Buoyant’ Exhibitor Bookings for 2011 Show
  2. New Malaysia factory to meet Toyo's Asian demand
  3. Apollo, JK Tyre pondering rubber plantation investments
  4. Reports: Sri Lankan tyre firm’s profits down June 71%
Comments
Comments closed
Share this entry
  • Share on Facebook
  • Share on Twitter
  • Share on WhatsApp
  • Share on LinkedIn
  • Share on Reddit
  • Per E-Mail teilen

Related Tags

Asia, Falken, India, Japan, rubber, Stamford Tyres

Advert Location 28

© 2020 - Tyrepress
  • Twitter
  • Facebook
  • Instagram
  • WhatTyre
  • Reifenpresse
  • PneusNews
Apollo contemplating new regional expansion ‘Tyre man’ toppled
Scroll to top