Sales of tires in Indonesia are expected to remain bleak in 2016. Azis Pane, Chairman of the Indonesian Tire Companies Association (APBI), said sales of tires this year may only reach 8.5 million units (roughly the same sales figure as in the preceding year), while exports of Indonesian-made tires may fall to 30 million units (from a "normal" figure of 45 million). Domestic tire sales are highly dependent on the nation's car and motorcycle sales. Indonesia's February motorcycle sales declined 5.6 percent (y/y) to 524,864 units in February 2016, after a 17.2 percent (y/y) plunge in the preceding month.

Read more ›

Growth of Indonesia's tire industry is expected to remain stagnant until at least the last quarter of 2016 as people's purchasing power is weak while the circulation of money is slow amid sluggish economic growth. Domestic sales of tires in Indonesia are expected to reach around 8.25 million tires in full-year 2016. Meanwhile, about 30 million tires are expected to be exported next year. As such, Indonesia's total tire sales are projected to reach around 38 million in 2016.

Read more ›

Indonesia Investments added the company profile of Multistrada Arah Sarana in our Indonesian Companies section. The company is one of Indonesia’s leading producers of automobile and motorcycle tires. It produces passenger car radial as well as motorcycle radial tires and is an original equipment manufacturer with brands as Achilles, Corsa and Strada. Multistrada Arah Sarana's production capacity of car tires and motorcycle tires were 10 million and 6 million respectively at end-2012.

Read more ›