DRIVING IT UP
| 13
ANNUAL REPORT 2016
mainly attributable to improved
performance from our Hong Kong
joint venture.
The Group’s net profit for FY2016
amounted to S$2.6 million
compared to S$1.7 million last year.
THE GROUP
The distribution network of the
Group comprises of over 5,000
dealers and distribution centres
in 10 countries. These distribution
centres are located in Singapore,
Malaysia, Thailand, South Africa,
Indonesia, Australia, India, Vietnam,
Brunei and Hong Kong.
SINGAPORE
Total revenue generated in
Singapore includes retail chain
operations, truck tyre centres, local
wholesaling as well as the export
of tyres and wheels to countries
other than the 10 mentioned
above. Singapore contributed 31%
to the Group’s total revenue.
There are currently 18 Stamford
Tyres Mart retail centres and
workshops island-wide, providing
customers with services such as
wheel balancing, wheel alignment,
car maintenance programs and
aerodynamic kits. For commercial
customers, Stamford Tyres provides
total tyre management services
and support to fleet owners to help
them reduce vehicle downtime.
MALAYSIA
Malaysia remained a significant
market to the Group, contributing
26% of the Group’s revenue. Our
dealers in the country totalled
approximately 1,000. We will
continue tobuildupour distribution
and warehousing capabilities in
Malaysia via the development of
our new warehouse at Sungai
Kapar, as well as focus on growing
our truck tyre centres.
THAILAND
We have two operating subsidiaries
in Thailand:
• Stamford Sport Wheels Co
Ltd (“SSW”), which operates
two factories manufacturing
aluminium alloy wheels; and
• Stamford Tires Distributor Co
Ltd (“STD”), a wholesaler of
tyres and wheels.
April 2016: Thank You Dinner for Mr Yasutaka Ii (Director and Senior Executive Officer,
Sumitomo Rubber Industries), previously in charge of Asia Pacific region, and to honour
his new appointment as the General Manager of Americas Regional Headquarters.
From Left to Right:
Wu Xiao Ning (Manager, Sumitomo Rubber Asia), Conson Tiu Sia (SVP,
Head of South Africa Operations, Stamford Tyres), Satoru Ushida (Managing Director, Sumitomo
Rubber Asia), Wee Kok Wah (President, Stamford Tyres), Mr Ii, Cham Soon Kian (Executive Vice
President, CEO of Malaysia, Stamford Tyres)
December 2015 - Falken Kakimotor Member’s Day in Kuala Lumpur, Malaysia with our
Malaysian team members
October 2015 - Top Indonesian Falken Dealers’ incentive trip to Turkey
