Grupo Andrés, a leading tyre distributor in the Iberian Peninsula, has acquired a 20% stake in specialist financial management consultancy iFinanciera. Explaining the decision to invest, Javier Andrés Herrera states that involvement in iFinanciera is closely linked to the development and growth of Grupo Andrés’ own companies and provides important synergies.
In mid-February Neumaticos Andres announced that it is exhibiting at TyreXpo Asia 2023 from 8 to 10 March 2023. The presence of Neumaticos Andres at TyreXpo Asia is said to be part of parent company Grupo Andres’ international business expansion strategy, which involves “keeping abreast of the latest trends in the sector, undoubtedly found at the TyreXpo event at the Marina Bay Sands Convention Centre in Singapore”.
Grupo Andrés Neumáticos will once again participate in The Tire Cologne when it runs from 24-26 May 2022. Grupo Andrés, which has invested in a significant-sized stand for the event, will be located at stand E038 Hall 8 at the Koelnmesse Exhibition Centre.
Grupo Andrés recorded tyre-related sales of 219 million euros in 2021, despite the Covid-19-related complications of 2020. According to the company, the results confirm both Andrés Neumáticos’s position as “the undisputed leader in the tyre distribution sector in the Iberian Peninsula” and its ongoing strategy.
20 per cent of Spanish tyre distributor Grupo Andrés’s sales are made outside Spain. And, with the company positioned as market leader in the Iberian peninsula along with investments in systems and infrastructure, sales are projected to grow.
At the start of 2021 Grupo Andrés, started work on the construction its new headquarters. According to the company the new facilities will result in “a significant improvement in distribution” due to the “robotization of the logistics process and a notable streamlining of work and the flow of orders”.