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Jakarta Post

Bridgestone, Hankook to expand RI's sales networks

  • Made Anthony Iswara

    The Jakarta Post

Jakarta   /   Mon, January 20 2020   /  01:57 am

Top tire manufacturers in Indonesia plan to expand their sales networks this year amid a growing confidence that the improvement in the economy will boost automotive sales.Hankook Tire Sales Indonesia, owned by South Korean tire producer Hankook Tire, will expand its retail distribution network and launch new SUV-related products to increase its market share to double-digits in 2020 from 8 percent last year, president director Yonsoo Shin said.“Last year, Hankook Tire Indonesia was able to attain qualitative increases thanks to the trust and interest of customers. In 2020, we are striving to achieve stable growth,” Shin said in a press statement on Tuesday, Jan. 14.It is not the first time Hankook has looked to boost sales in Indonesia. The company invested US$450 million in the country in July last year to increase its production capacity to 20 million tires annually.Hankook’s exp...