Multistrada Arah Sarana

Last updated

PT Multistrada Arah Sarana Tbk
Type Public
IDX:  MASA
Industry Auto and industrial tires
Founded28 May 1988;34 years ago (1988-05-28)
Headquarters,
Products Tires
RevenueIncrease2.svg USD 229.8 million (2016)
Increase2.svg USD - 7.7 million (2016)
Total assets Increase2.svg USD 609.745 million (2016)
Total equity Increase2.svg USD 338.968 million (2016)
Number of employees
3,225 (2016)
Parent Michelin
Website www.multistrada.co.id

PT Multistrada Arah Sarana Tbk is an Indonesian tire manufacturer. They sell tires under the brands Achilles and Corsa. It is considered to be one of the largest tire manufacturers in Indonesia, operating factories of 55 hectares (140 acres) and 128 hectares (320 acres), [1] located in East Cikarang, Indonesia. Since 2019, it is a publicly-traded subsidiary of French manufacturer Michelin.

Contents

Products

MASA manufactures tires for passengers cars, commercial cars, trucks, [2] buses, and competition vehicles, [3] as well as performance and industrial tires which are used in the international market. Multistrada Arah Sarana also manufactures tires under the brand name Achilles and Corsa, as well as Michelin, BFGoodrich and Uniroyal.

History

PT Multistrada Arah Sarana Tbk or MASA, was known as PT Oroban Perkasa when it first started in 1988. They had built motorcycle tires and cars, with their own brands, which are Strada, Achilles, and Corsa. MASA received assistance from Pirelli (Italy) and Continental (Germany) to improve their manufacturing technology. During the 1997 Asian financial crisis, the company was given to Badan Penyehatan Perbankan Nasional (BPPN) to save the company. In 2004, the company then was taken under the guidance of PT Indokemika Jayatama. They made the company available for IPO in 2005. Through equity and syndicated loans, the company has been able to expand their capital and increase productivity and quality.[ citation needed ]

Since then, Achilles Radial has expanded its product line into the industrial market. They started to build tires for trucks and buses with their Solid Tire or known as ST and TBR for their bus tires. The company also improved its internal quality by taking a more aggressive stance towards consumer safety.[ citation needed ] They gained their certificates for the ISP/TS 16949:2009 and ISO/IEC 17025:2008 for Quality Management System and a couple of other product certificates such as SNI, CCC, Inmetro, BIS, ECE-30, ECE-54, GSO, DOT, FMVSS 139.[ citation needed ]

On 22 January 2019, it was announced that MASA was acquired by French-based manufacturer Michelin. [4] On 19 June that year, Michelin owns 99.64% of the share capital of Multistrada. [5]

Related Research Articles

Michelin France multinational tyre manufacturing company

Michelin is a French multinational tyre manufacturing company based in Clermont-Ferrand in the Auvergne-Rhône-Alpes région of France. It is the second largest tyre manufacturer in the world behind Bridgestone and larger than both Goodyear and Continental. In addition to the Michelin brand, it also owns the Kléber tyres company, Uniroyal-Goodrich Tire Company, SASCAR, Bookatable and Camso brands. Michelin is also notable for its Red and Green travel guides, its roadmaps, the Michelin stars that the Red Guide awards to restaurants for their cooking, and for its company mascot Bibendum, colloquially known as the Michelin Man.

Bridgestone Japanese auto and truck parts manufacturer

Bridgestone Corporation is a Japanese multinational auto and truck parts manufacturer founded in 1931 by Shojiro Ishibashi in the city of Kurume, Fukuoka, Japan. The name Bridgestone comes from a calque translation and transposition of ishibashi, meaning 'stone bridge' in Japanese.

AGC Inc. Japanese glass company

AGC Inc., formerly Asahi Glass Co., Ltd.'(旭硝子株式会社), is a Japanese global glass manufacturing company, headquartered in Tokyo. It is the largest glass company in the world and one of the core Mitsubishi companies.

Isuzu Japanese truck and bus and former car manufacturer

Isuzu Motors Ltd., trading as Isuzu, is a Japanese commercial vehicle and diesel engine manufacturing company headquartered in Tokyo. Its principal activity is the production, marketing and sale of Isuzu commercial vehicles and diesel engines.

Tata Motors Limited is an Indian multinational automotive manufacturing company, headquartered in the city of Mumbai, India which is part of Tata Group. The company produces passenger cars, trucks, vans, coaches, buses, luxury cars, sports cars, construction equipment.

Cooper Tire & Rubber Company is an American company that specializes in the design, manufacture, marketing and sales of replacement automobile and truck tires, and has subsidiaries that specialize in medium truck, motorcycle and racing tires. With headquarters in Findlay, Ohio, Cooper Tire has 60 manufacturing, sales, distribution, technical and design facilities within its worldwide family of subsidiary companies, including the UK-based Avon Tyres brand, which produces tires for motorcycles, road cars and for motor racing.

BFGoodrich Brand of tires produced and sold by Michelin

BFGoodrich is an American tire company. Originally part of the industrial conglomerate Goodrich Corporation, it was acquired in 1990 by the French tire maker Michelin. Prior to the sale, BFGoodrich was the first American tire manufacturer to make radial tires. It made tires for the then new Winton car from Winton Motor Carriage Company.

Hino Motors Japanese commercial vehicle and diesel engine company

Hino Motors, Ltd., commonly known as Hino, is a Japanese manufacturer of commercial vehicles and diesel engines headquartered in Hino, Tokyo. The company was established in 1942 as a corporate spin-off from previous manufacturers.

Hankook Tire & Technology, is a South Korean tire company. Based in Seoul, Hankook is the seventh largest tire company in the world.

Nokian Tyres plc, headquartered in Nokia, Finland, produces tyres for cars, trucks, buses, and heavy-duty equipment. Known for its winter tyres, Nokian is the only tyre manufacturer in the world with its own permanent winter tyre testing facility. The company's Hakkapeliitta brand name is recognised in Finland as a reputable trademark.

Salim Group Indonesian conglomerate company

The Salim Group is Indonesia's biggest conglomerate and refers to companies where the Salim family held majority ownership. Its assets include Indofood Sukses Makmur, the world's largest instant noodle producer; Indomobil Group, one of Indonesia's largest car manufacturers; Indomaret, Indonesia's largest convenience store chain; and Bogasari, a large flour-milling operation. The group was founded in October 1972 by Sudono Salim and his junior partner Sutanto Djuhar. The current CEO is Anthoni Salim, a son of Sudono Salim.

Triangle Group is a Chinese tire company that manufactures a range of tires for vehicles from passenger cars to construction equipment and tires fit for special purposes under the Triangle and DIAMONDBACK brands. As of 2015 it is the 14th largest tire maker in the world according to Tyres & Accessories.

PT Krakatau Steel (Persero) Tbk. is the largest steel maker in Indonesia, headquartered in Cilegon, Banten. The factory is set on a 280-hectare (700-acre) plot in the western end of Banten and adjacent to the Sunda Strait, and where the Krakatoa volcano and island from which the company takes its name are located.

Permata Bank is a bank in Indonesia, headquartered in the capital city Jakarta. It has officially become a BUKU IV bank after receiving confirmation from the Financial Services Authority (OJK) on 20 January 2021. Serving nearly four million customers in 62 cities in Indonesia, it has 304 branch offices and two mobile branches. Currently, the bank is led by Chalit Tayjasanant as the CEO.

PT Indomobil Sukses Internasional Tbk, known as Indomobil Group, is a car and motor vehicle manufacturer located in Jakarta, Indonesia. It was founded in 1976 by the unification of the two former competitors PT Indohero and the original incarnation of PT Indomobil. The company operates plants in Jakarta, Bekasi and Purwakarta.

Giti Tire is a Singapore headquartered tire company, with eight manufacturing facilities, more than 32,000 global employees, and distribution to a market of more than 130 countries.

Automotive industry in Indonesia Overview of the automotive industry in Indonesia

The automotive industry in Indonesia plays an important role to the economic growth of the nation, contributing 10.16 percent of the GDP. Indonesia automotive product exports is currently higher in value than their imports. In 2017, Indonesia is the 17th largest passenger vehicle producer in the world and the 5th largest passenger vehicle producer in Asia, producing 0.98 million vehicles.

In motorsports, a tire war occurs when more than one manufacturer provides tires for a series. Historically, tire wars have occurred in many high-level series, such as Formula One, NASCAR, Super GT, and MotoGP.

Toyota Astra Motor Indonesian automobile manufacturer

PT Toyota-Astra Motor is an automobile trading company based in Jakarta, Indonesia. It is a joint venture company between Toyota Motor Corporation and Astra International with a distribution of shares of 50% and 50% respectively, acting as a sole agent, distributor, and importer of Toyota vehicles. It has been the best-selling car brand in Indonesia every year in a row since 1997.

References

  1. "Gatranews - Menteri Nigeria Kunjungi Pabrik Ban Multistrada" . Retrieved 30 March 2017.
  2. "Reviews: Light Truck Tires Achilles Multivan - Tirestest.com - Tire reviews - an independent consumer survey". www.tirestest.com. Retrieved 30 March 2017.
  3. "Achilles ATR Sport Tire Reviews (129 Reviews)". 1010Tires.com. Retrieved 30 March 2017.
  4. "Michelin acquires leading Indonesian tire manufacturer Multistrada". 22 January 2019. Retrieved 28 May 2022.
  5. "Michelin now holds 99.64% of the share capital of Multistrada". 19 June 2019. Retrieved 28 May 2022.