Tyrexpo Asia 2011

MEDIA RELEASE  

London, 6 April 2011  

Record numbers of exhibitors and visitors combine for best-ever Tyrexpo Asia 2011     

Visitors increase by 16% compared to last show in 2009  

Tyrexpo Asia 2011 in Singapore has broken all previous records for exhibitor and visitor numbers, according to show organisers ECI International.

Independently audited statistics confirm that over the three days (29-31 March) 3,578 visitors attended the show in the Singapore Expo Centre. That figure represents a major increase of more than 16% compared to the last staging in 2009.

Demonstrating the true international flavor of the event, visitors were recorded from 86 different countries from across the global tyre world.

"We are absolutely delighted with these record visitor figures for Tyrexpo Asia," says ECI International sales director, Rowena Suthers. "We knew we were on course for an outstanding performance when we recorded the largest opening day attendance in the show’s history. That level of interest was maintained over the next two days to give us the best-ever attendance in the 15-years we have been staging the event."

Another record was achieved for the number of exhibitors, with 160 suppliers from 43 countries choosing to support the show. Chinese, Singaporean, Malaysian, Korean and Indian companies made up the bulk of exhibitors, but there were also a first-time presence from Latvian and United Arab Emirates suppliers.

"There was a very noticeable appetite for doing business at the show which reflected the market conditions in the region. With the Singapore economy growing by 15% last year and other markets also expanding rapidly, the tyre sector is obviously looking to capitalise on growth opportunities locally, and on an international basis," says Rowena Suthers.

The exhibition was given a positive opening by Dr Stephen Evans, the secretary general of the influential International Rubber Study Group (IRSG), who predicted strong global tyre growth through to the end of the decade.

According to IRSG data presented by Dr Evans, OE passenger car tyre sales will grow from 290 million units in 2010 to 400 million units by 2020, while replacement car tyre sales are set to increase from 760 million units in 2010 to 1.2 billion units by 2020.

Numerous exhibitors used Tyrexpo Asia 2011 to launch new products and introduce new initiatives. These included:

•  Omni United : new products including the Radar Verenti R6 UHP M&S range of 35, 40, 45 and 50 series tyre in 15 popular sizes. Also new is the Radar RCX8 crossover for small to mid-size SUVs. Eight sizes are initially available in 17, 18 and 20 inch wheel sizes. Further new products are available in Radar Agora, Argonite, Renegade and Centigrade patterns.

• CEAT: new car, SUV and 4x4 ranges under the Rhino, Theta and Milaze brands plus a new range of CEAT truck and bus radials. The company has also confirmed aggressive plans to increase manufacturing capacity at its newly-commissioned Gujarat factory, with 300,000 passenger car tyres and 100,000 truck units per month scheduled.

• Stamford Tyres : a new range of winter tyres marketed as Firenza Nu Ice available in studdable and non-studdable options and 13 sizes covering 13, 14, 15 and 16 inch wheels.

• Shandong Linglong : the Chinese manufacturer announced the launch of its Green-Max range of 19 green silica tyres running from 195 45 16 through to 265 30 19 options in V and W speed ratings.

• Mindtrac : the Singaporean company introduced a new range of bus and truck radials manufactured by Birla Tyres in Haridwar, India. According to Sanjeev Kumar, Mindtrac’s vice president of technical sales, Tyrexpo Asia was ‘extremely busy’ with high numbers of international visitors, including those from the company’s target expansion markets in Europe, Australia and South Africa.

• UK-based tyre wholesaler Bond International: used Tyrexpo Asia 2011 to launch a new company, Admiral (Asia) Ltd. The new venture will operate from Singapore and is based on the exclusive Admiral passenger car tyre brand. The range launched at the show consists of 74 summer tyres covering 13 to 20 inch wheel sizes, with Z-rated choices for the 17 to 20 inch options. There is also a 30-strong winter tyre range covering 14 to 17 inch, T and H rated products.

• Indian OTR manufacturer Balkrishna Tyres (BKT): confirmed plans for a fourth tyre plant in India. The US$300 million greenfield site investment in Gujarat is scheduled to come on stream next year and will eventually boost production capacity by 80%. "The new plant will provide us with much-needed additional capacity to service our rapid growth in export markets and also allow us to direct more of our production into India, which accounts for just 8-10 per cent of current output," says BKT executive director Anurag Poddar.
   

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