Stamford continues to follow through on its strategic planning
Stamford Tyres Corp. of Singapore recently expanded into four of the world's most populated countries. The move is part of the company's aggressive plan to distribute its proprietary tire and wheel brands globally.
In March of 2006, Stamford announced that its 50%-owned joint venture company, Tyre Pacific (HK) Ltd., a company registered in Hong Kong, had incorporated a subsidiary company, Orizz (Shanghai) Ltd. in Shanghai, China.
On July 6, Stamford Tyres created Distributors India Private Ltd. "Stamford Tyres India"). This company was incorporated for the sole purpose of wholesaling, distributing and retailing tires and SSW wheels in India.
On July 26, Stamford Tyres grew again, this time into South America by incorporating a wholly owned subsidiary company, Stamford Tyres do Brasil Participações Limitada ("Stamford Tyres Brazil") in Brazil. It now has plans to gain accreditation by IMMETRO, the Brazilian accreditation body at IAF.
Last but not least, Stamford recently started work on opening a second distribution center in the United States. The company does business in the U.S. through its Stamford Tires & Wheels Inc. subsidiary based in Charlotte, N.C.
"We expect organic growth from our existing major brands and incremental sales from our proprietary brands through the manufacturing activities," says Wee Kok Wah, president of Stamford Tyres Corp. of Singapore. "Collectively, all these activities will contribute to a double-digit growth in our full-year 2006 revenue."
With tire manufacturing partners in place and the growth of its SSW wheel plant, Stamford Tires & Wheels Inc. sees tremendous opportunities for the Americas in both tires and alloy wheels, according to Jim Seidel, vice president and chief operating officer.
"We are receiving our first shipment of Sumo Cougar TBR tires with 'long mile compound technology,'" he says. "Our Sumo OTR line expansion is just taking off (check out www.offtheroadtires.com), we are expanding our SSW alloy wheel factory -- bringing in new wheel designs -- and our UHP tire, the Sumo Akina. is on its way."