Jakarta, August 4th 2016 – After receiving an honorary visit from Guinea President Alpha Conde two days earlier in PT Multistrada Arah Sarana Tbk (BEI: “MASA”), one of the biggest national tire producer in Indonesia, today the factory that produces the brand Achilles and Corsa has received a visit from the Nigerian Minister of State, Trade, Industry and Investment, Aisha Abubakar.
The visit from the Algerian minister is one of the series of event in its agenda on attending The 12th World Islamic Economic Forum in Jakarta. Apart from Aisha, it is recorded that some Nigerian officials were participating today such as H.E. Amb M L Sulaiman, Aminu Bello Dogondali, and Charles Ibim. PT Multistrada Arah Sarana, Tbk is the only factory visited in Indonesia by a group of ministers who have arrived in in Jakarta since Monday, August 1st 2016.
The Vice President of PT Multistrada Arah Sarana Tbk, Henryanto Komala welcomed the honorary visit of Aisha Abubakar. “This week has been a privilege for us, because we have received an honorary visit of the guest from Nigeria. We surely hope that this visit could be a bridge to build a good bilateral relationship between Indonesia and Nigeria, especially in the tire industry,” said Henryanto Komala.
Nigeria itself has rubber natural resources which, at the moment, haven’t been used optimally. The tire industry has been one of the choices to maximize the potential of Nigerian rubber. Besides that, 70% of Multistrada’s products especially Achilles have been exported to foreign countries in the United States, Europe, Japan, South East Asia, Australia and the Middle East area. The company also hopes to expand the market to potential countries to increase the export market share of Multistrada’s tire.
In this opportunity, all participants looked very enthusiastic to see the process of tire making. The chatter was very casual that the two-hour factory tour has passed and then continued with a lunch together.
A brief look of PT Multistrada Arah Sarana, Tbk (MASA)
PT Multistrada Arah Sarana Tbk (BEI: MASA) is one of the biggest national tire emitent in Indonesia. The company’s favored product is Achilles for car tires (Passenger Car/PCR) and Corsa for motorcycle tires (Motor Cycle/MC). At this moment, the company has a production capacity of 10 million PCR tires per year and 6 million MC tires per year which are produced in a 55-hectare field factory, one of the biggest in Indonesia. In 2016, the company targets a 10% – 15% by adjusting the production capacity through the debottlenecking project.
Now, around 70% of car tire products are exported to more than 90 countries whereas 30% of which is allocated for domestic market. Meanwhile, almost all Motor Cycle tires are targeted for the local market consumption.