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Formerly | Oroban Perkasa (1988–1996) |
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Company type | Public |
IDX: MASA | |
Industry | Auto and industrial tires |
Founded | 28 May 1988 |
Headquarters | , |
Key people |
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Products | Tires |
Revenue | USD 229.8 million (2016) |
USD - 7.7 million (2016) | |
Total assets | USD 609.745 million (2016) |
Total equity | USD 338.968 million (2016) |
Owner | Michelin (99.64%) |
Number of employees | 3,225 (2016) |
Website | www |
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.
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.
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]
Michelin, in full Compagnie Générale des Établissements Michelin SCA, 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, who is a humanoid consisting of tyres.
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PT United Tractors Tbk is an Indonesian company, subsidiary of PT Astra International Tbk ("Astra") that operates in six business lines, namely Construction Machinery, Mining Contractor, Coal Mining, Gold Mining, Construction Industry, and Energy. United Tractors has 20 branch offices, 32 site supports, 6 representative offices, and 54 support points as well as other service installations.
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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.
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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, Bekasi Regency, and Purwakarta Regency.
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Omni United Pte. Ltd is a tire manufacturer and distributor headquartered in Singapore. The company designs and produces tires in partnership with manufacturers based in Thailand, Indonesia, China and India. Omni United owns the Radar, Patriot and Corsa brand names, and markets, sells and distributes several other brand names as well. The company was founded in 2003 by G.S. Sareen, who prior to founding Omni United, was an entrepreneur in the e-commerce industry. Omni United sells in excess of 5 million units of passenger and light truck tires a year in 50 countries. The company currently sells more than two million units of passenger and light truck tires a year in the United States.
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