Tag: Multistrada Arah Sarana Tbk

Michelin: Acquiring Multistrada will help meet growing tier 2 tyre demand

Michelin: Acquiring Multistrada will help meet growing tier 2 tyre demand

11th March 2019 | 0 Comments

On Friday, Michelin announced its acquisition of 88 per cent of Indonesian tyre maker PT Multistrada Arah Sarana TBK (Multistrada) for US$480 million. The share purchase was completed in line with the terms announced on 22 January 2019 and after obtaining all necessary approvals. As part of the transaction, Michelin also takes on a 20 per cent stake in the tyre retail and automotive service chain PT Penta Artha Impressi, as well as 50 hectares of land.

Continue Reading

Interested parties vie to acquire Indonesian tyre maker Multistrada

19th November 2018 | 0 Comments

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.

Continue Reading

Wonderful Indonesia – Achilles signs co-branding MoU

Wonderful Indonesia – Achilles signs co-branding MoU

14th August 2017 | 0 Comments

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.

Continue Reading

Multistrada: Strong growth in motorcycle tyre sales

13th June 2017 | 0 Comments

During the first quarter of the year, PT Multistrada Arah Sarana sold 72 per cent more Corsa motorcycle tyres than in the corresponding quarter of 2016. The Indonesian tyre maker reports selling 1.4 million Corsa motorcycle tyres during the three-month period. This substantial first quarter growth follows a 33 per cent increase in 2016. Last year, the Indonesian tyre maker sold 4.4 million Corsa motorcycle tyres, up from 3.3 million a year earlier.

Continue Reading

First training for Multistrada-supported football academy

First training for Multistrada-supported football academy

31st January 2017 | 0 Comments

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.

Continue Reading

Multistrada signs Kazakhstan tyre factory contract

10th December 2014 | 0 Comments

According to Indonesian news agency Antara News, tyre maker PT Multistrada Arah Sarana – manufacturer of the Achilles, Corsa and Strada tyre brands – has signed a contract to build a production facility in Kazakhstan. The agency quotes Kazakhstan’s ambassador to Indonesia, Ashkat Orazbay, as stating that “a contract has been signed between Multistrada Indonesia and a Kazakhstan-based company to build a tyre factory.” Antara News did not report the name of the Kazakhstani company or give any further details about the project.

Continue Reading

Indonesian tyre market to grow 17.98% CAGR by 2018

27th January 2014 | 0 Comments

The two-wheeler tyre market in Indonesia is set to grow at a compound annual growth rate (CAGR) of 17.98 per cent 2013-2018. That’s the view of a new report published by Research and Markets in January. According to the report’s writers one of the key factors contributing to this market growth is the strong demand for two-wheelers. The two-wheeler tyre market in Indonesia has also been witnessing growing demand for replacement tyres, which is likely to be based on the growing size of the domestic two-wheel vehicle parc.

Continue Reading

[ + ]