Joint Venture Maxxis International UK

Bickers plc (Felixstowe/Suffolk, England) issued new shares and formed a joint venture company with the long-term tyre supplier Cheng Shin Rubber Ind. Co. Ltd (CST). The new company will trade as “Maxxis International UK plc“ and be located at a new 3.5 acre site in Felixstowe, Britain’s biggest container port.

CST is Taiwan’s leading tyre manufacturer with sales in 2005 expected to reach over US$1 billion. CST will take a minority shareholding in the new company with the remaining share being held by the original shareholders, the McMartin family.

Maxxis International UK will have two trading divisions: Bickers (concentrating on the motorcycle industry) and Maxxis (concentrating on the tyre industry). There will be no change in the day-to-day operation of Bickers to suppliers and customers. Bickers will continue to support the UK motorcycle dealers with all of the products the company sell today. Bickers has represented Maxxis in the UK for many years selling most of the range of tyres they offer including motorcycle, ATV, Turf, High Speed Trailer and Implement and now looking to expand into selling car, 4×4 and fork lift truck etc.