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DRIVING IT UP
STAMFORD TYRES CORPORATION LIMITED
We will continue to extend our
network in order to be closer to our
customers and to provide more
direct and value-added services to
complement our offerings of radial
earthmover tyres to support the
recovering mining sector.
SOUTH AFRICA
South Africa remains an important
region outside South East Asia
for the Group, contributing 9%
of the Group’s revenue. We
have three major warehouses in
three cities (Cape Town, Durban
and Johannesburg). We have
approximately 700 dealers. The
passenger car tyres market
remains stable and the truck and
earthmover tyres segments are
growing with the recovery of the
mining sector.
OTHERS
Revenue from Australia, Vietnam,
Hong Kong and Brunei totalled
S$17.3 million, or 7% of Group’s
revenue.
GOING FORWARD
The Group will focus on its core
strength in the distribution of tyres
and wheels in South East Asia, as
well as the markets covered by our
joint-venture companies, namely
Hong Kong, Macau, Indo-China
and India.
We will continue to:
• Deliver timely response to
market needs and trends.
• Defend gross profit margin.
• Drive for organic topline growth.
• Contain operating costs and
rationalise current assets.
March 2016: H.E. Mr Chua Thai Keong (High Commissioner of Singapore in South Africa)
with Wee Kok Wah (President, Stamford Tyres) and Dawn Wee Wai Ying (Executive
Director, Stamford Tyres), at the South Africa Tyrexpo 2016 in Johannesburg
From Left to Right:
Adrian Sng, (General Manager-Events Business, Singex), Mr Chua, Mr Wee,
Mrs Wee, Andrew Tan (Deputy Project Director, Singex), Jermaine Tan (Assistant Manager-
Projects Management, Singex)
An earthmover tyre inspection on-site in
Kalimantan, Indonesia
SSW products continued to enjoy
strong demand in South East
Asia, particularly in Thailand.
Lowering of production costs and
optimisation of product mix have
resulted in improved profitability
for SSW. We have approximately
700 dealers for Falken tyres and
SSW.
The combined revenue of both
subsidiaries contributed 17%
to the Group’s revenue. We are
continuouslyworkingon enhancing
our marketing and branding
activities to improve the sale of
tyres and wheels in Thailand, as
well as the sale of SSWwheels into
export markets.
INDONESIA
Indonesia contributed 10% to
the Group’s revenue. The Group
continues to capitalise on the
strong consumer demand in
Indonesia and to strengthen
its passenger tyre and wheels
distribution network. We currently
have a comprehensive network of
warehouses and distribution points
within Indonesia covering Jakarta,
Semarang, Surabaya, Medan,
Balikpapan, Banjarmasin, Manado
and Timika.
February 2016: Continental Dealers Chinese New Year Get-Together & Product
Presentation of Sports Contact 6 in Singapore
From Left to Right:
Wee Kok Wah (President, Stamford Tyres), Boon Tian Say (Owner, TS Auto
Accessories & Trading), Cameron Wilson (Vice President, Marketing & Sales PLT ASEAN & TT
Malaysia, Continental Tyres PJ Malaysia)
