Acquisition Rumours Regarding Michelin/Gajah Tunggal Unfounded

Tim Chesney, the Managing Director of Romney International Limited, the exclusive distributors of GT Radial brand tyres in the UK and Ireland, would like to state unequivocally that the recent story about PT Gajah Tunggal Indonesia (GT) being acquired by Michelin, is untrue. This story first appeared earlier this month in the US based ‘Modern Tire Dealer’ magazine. It was subsequently reported on the Internet sites of other trade press.

Tim Chesney says that this account is without foundation and it should be disregarded. The extent of the inaccuracy of the story is shown in the supposed facts given by Modern Tire Dealer magazine. They quoted Gajah Tunggal’s daily radial tyre production capacity as being just 12,000 pieces when the correct figure is around 25,000 pieces, says Tim Chesney.

He goes on to say that the reality is Gajah Tunggal has embarked on a major and exciting expansion programme. This will see the introduction of many new sizes, series and tread patterns, including the all new GT Champiro BAX asymmetric series and the Champiro BXT. .