Quoting sources from the “investment banking industry,” BusinessKorea reports that “a number of global tyre companies” have shown interest in acquiring Indonesia’s second-largest tyre maker, PT Multistrada Arah Sarana Tbk. The publication names Hankook Tire and Michelin as two of the interested parties.
A groundbreaking ceremony took place on 1 August for the joint venture tyre plant that Indonesian tyre maker PT Gajah Tunggal is setting up with Inoue Rubber Co., Ltd., a subsidiary of Japan’s Inoac Corporation. The joint venture, known as IGM, is located in Tangerang, Indonesia and will manufacture motorcycle tyres sold under the IRC Tire brand name.
A partnership between Continental and the German Corporation for International Cooperation (the Deutsche Gesellschaft für Internationale Zusammenarbeit, or GIZ) aims to improve the sustainability of the natural rubber supply chain in Indonesia, the world’s second largest producer of natural rubber. The goals of the collaboration are to develop a criteria catalogue for the sustainable production of natural rubber, to train farmers in sustainable production in accordance with these criteria and to track the rubber from smallholders all the way to production at Continental. By doing so, the partners expect that this optimisation of the supply chain, paired with increases in rubber quality and yield, will generate higher incomes for rubber tree cultivators.
Shandong O’Green Group has announced plans to exhibit at Tyre & Rubber Indonesia 2018.
Established in July 2006, O’Green is located in Guangrao, Dongying, Shandong. The company, covering an area of 360,000 square meters, has a capital of 2 billion yuan and annual output of 3 billion yuan as well as over 2000 staff including 260 technicians.
Bridgestone Corporation today announced it has established PT. Bridgestone Mining Solutions Indonesia (BMSI) from 9 November 2017. BMSI integrates the Bridgestone Corporation Jakarta Representative Office, which provides maintenance services for tyres for construction and mining vehicles, with PT. Bridgestone Engineered Products Indonesia (BSEA-IN), a subsidiary in Indonesia that sells conveyor belts for mining applications. As part of this integration, BSEA-IN has been officially renamed as BMSI.
The Achilles Radial tyre brand is one of 28 brands in Indonesia that recently agreed to promote the ‘Wonderful Indonesia’ tourism initiative. On 8 August, tyre maker PT Multistrada Arah Sarana Tbk and the companies behind the other brands signed a Memorandum of Understanding with the Republic of Indonesia’s Ministry of Tourism.
The Paris Saint-Germain Academy in Bali, an initiative jointly set up by the French football team and its tyre partner PT Multistrada Arah Sarana, held its first training session this week. The inaugural training on 28 January marked the start of twelve-month programme that will see six to 19 year olds develop their football skills at sessions held three times a week.
Yesterday in Bali, French football team Paris Saint-Germain and its tyre partner, Indonesian manufacturer PT Multistrada Arah Sarana. Tbk, announced the forthcoming opening of a year-round Paris Saint-Germain Academy run by Indonesian first-division club Bali United. This announcement is supported by the implementation of an exchange programme on training skills and methodology between both clubs through the Parisian youth development academy.
According to Pieter Tanuri, president director of Indonesian tyre maker PT Multistrada Arah Sarana Tbk, the company is aiming for a “ten to 15 per cent increase in revenue” during 2016. Multistrada intends to support this rise through higher exports and will accommodate this hoped-for increase in unit sales by boosting production capacity for both car and motorcycle tyres. “Exports are the highest sales contributors,” noted Tanuri, adding that sales in export markets account for 70 per cent of total company sales.
There is strong evidence Indonesia will eventually replace Thailand as the main automotive production hub in the Association of Southeast Asian Nations (ASEAN), according to Markus Scherer, global automotive sector leader at Ipsos Business Consulting. This could have major implications for automotive manufacturers and suppliers as well as policy planners in both countries, Scherer said.
PT. Global Expo Management (GEM Indonesia) claims that Tyre & Rubber Indonesia 2016, which will be held alongside several other automotive industry shows between 29 March and 1 April, will be the “biggest and most prospective” trade exhibition for tyres, rubber, bus, truck and automotive parts in the ASEAN region. The organiser anticipates that this year’s show will be 20 per cent larger than the 2015 event, which attracted 24,710 trade visitors.
Taiwan’s Kenda Rubber intends to significantly increase investment in Vietnam and establish a large passenger car tyre plant there. In an interview with Channel NewsAsia correspondent Victoria Chen, company chairman Yang Ying-ming said NT$10 billion (£200.5 million) would ultimately be invested to erect this facility, which will most likely be Kenda’s largest tyre factory and boast production capacity rivalling that of Kenda’s operation in China.
Yokohama Rubber has confirmed its participation in the Gaikindo Indonesia International Auto Show 2015, which will take place in the Jakarta ‘new town’ of Bumi Serpong Damai between 20 and 30 August 2015. The tyre maker will be represented by its local sales agent, PT YHI Indonesia, and will display its consumer tyre portfolio. A panel of players from Chelsea FC will also appear at the Yokohama booth during the show to promote the company’s partnership with the Premier League football club.