FTC Kuwait to distribute Davanti tyres

Davanti tyres are to be distributed by FTC Kuwait. The subsidiary of KAICO (Kuwait Automotive Imports Co) currently operates five tyre outlets – soon to be seven. The company has business interests in Saudi Arabia and UAE, and is involved in leasing, parts, tyres and lubricants. The strategic partnership is targeting annual sales in the Gulf country’s tyre market of 100,000 units.

Ashish Tandon, general manager for KAICO and FTC Kuwait, said: “We have decided to strategically partner with Davanti because it brings a great blend of business acumen from the UK and China. It has a highly focused vision to grow in the region, led by Mr Najib Chakhtoura who is widely known in the tyre industry and has been associated with some of the best brands in the business.

“We look forward to launching Davanti in Kuwait, the fourth largest market in GCC. The tyre market is over 1,000,000 tyres per year and we intend to target one per cent of the market.”

Najib Chakhtoura, sales director for Davanti in the Middle East & Africa, said: “I am so honoured to partner with one of the largest conglomerates in Kuwait having a very successful history in the market with high, professional level teams.”