BUILDING ON OUR EXTENSIVE NETWORK
SOUTH AFRICA
South Africa remains an important
region outside South East Asia
for the Group. We have three
major warehouses in three
cities (Capetown, Durban and
Johannesburg) and two satellite
warehouses in smaller cities (Port
Elizabeth
and
Bloemfontein).
Dealers network is approximately
700. Revenue increased by 12 %
year-on-year to reach $33.3 million
for FY2015 compared to $29.6 million
last year. South Africa contributed
11 % to the Group’s revenue.
INDONESIA
Indonesia saw the sharpest increase
of 43% in revenue to reach $20.6
million in FY2015 compared with
$14.4 million in FY2014. In fact,
revenue in local currency terms
grew 60% year-on-year. Indonesia
contributed 7% to the Group’s
revenue. The Group will continue
to focus its efforts to capitalise on
the strong consumer demand
in Indonesia and to strengthen
the passenger tyre and wheels
distribution network. We will also
continue to work with our principals
to improve both product and pricing
support in Indonesia.
OTHERS
Revenue from Australia, Vietnam,
Hong Kong and Brunei was
consistent at $20.1 million which
was unchanged from last year.
These countries contributed 7% to
the Group’s revenue.
Tyre fitting at a Stamford Tyres Retail Centre in Singapore
March 2015 - Showcasing Stamford Tyres’ range of proprietary
brand tyres and wheels at the Tyre Expo Asia 2015
June 2014 - Continental FIFA 2014 Fever Challenge
From Left To Right: Jack Lim (Senior Sales Manager, Stamford Tyres International Pte Ltd) Adam Tan (Market Manager, Singapore, Hong Kong, Brunei, Continental
Tyre Malaysia), John Ang (Head Of Retail, Singapore & Malaysia, Stamford Tyres International Pte Ltd), Ng Wee Liong (Sales Manager, Stamford Tyres
International Pte Ltd), Patrick James Berriman (SVP, Head of Singapore Operations, Stamford Tyres Corp Ltd)
ANNUAL REPORT 2015
14
STRATEGY
With
the
continuous
high
unemployment and economic
uncertainties in Europe, we will
focus on building our distribution
capabilities in Asia, particularly in
Southeast Asia which has been the
mainstay for the Group.
The Group will continue to focus on
its core strength in the distribution
of tyre and wheels. We will deliver
timely response to market needs
and trends. Most importantly, we will
continue to expand our distribution
network and widen our offtake
sources to include Vietnam and
Thailand as an alternative to China.
