17. March 2007

UNITED ARAB EMIRATES: Federal eyes UAE’s 6m tyre market

Source: Daily "Khaleej Times", Dubai; 17 Mar 2007

Taiwan’s leading tyre manufacturer Federal Tyres, in
association with the Dubai-based Al Saeedi Middle
East, has made a foray into the UAE market that
imports more than six million tyres per annum.

Chen Da Wu, Vice President of Federal Corporation,
said the UAE market, which has been recording a strong
annual growth in imports, is also an important
re-export hub for global tyre manufacturers. “So we
believe it is time to strengthen our presence in the
UAE as well as in other GCC countries in association
with a strong local partner. In Al Saeedi Middle East,
which has more than two decades of excellent
track-record in the UAE tyre business, we have found a
strategic partner.”

Kuttan Malattiri, Managing Director of Al Saeedi
Middle East, said he was confident that Federal Tyres
with its emphasis on high quality innovative tyres
could make its presence felt within no time in this
market. “The UAE imports around six million tyres per
year and approximately 65 per cent of these are
re-exported to various countries including the CIS,
the Middle East and Africa, and Eastern Europe. By
using the UAE as a re-export hub, Federal Tyres can
also expand its market reach in this fast growing
region to emerge as a leading brand.” Federal, which
expects to deliver globally five million tyres, has a
wide range of tyres for the UHP, SUV, LTR and PSR
segments. Currently, the brand has a presence in more
than 100 countries.

Malattiri said the overall automotive market in the
UAE is set to grow by 11.4 per cent this year.


(Syed Rashid Ali, Karachi, Pakistan)

URL: https://www.gupta-verlag.com/news/industry/3543/united-arab-emirates-federal-eyes-uaes-6m-tyre-market